The Chamber
The Chamber maintains stable finances with growing assets and no reported officer compensation.
EIN: 202924979 · Grand Forks, ND · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $908K |
| Total Expenses | $660K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $746K |
| Transparency Score | 85/100 |
Is The Chamber Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Chamber directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Chamber
The Chamber (EIN: 202924979) is a nonprofit organization based in Grand Forks, ND. The organization reported total revenue of $908K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chamber's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chamber is a small nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $689K |
| Total Expenses | $660K |
| Surplus / Deficit | +$29K |
| Total Assets | $1.4M |
| Total Liabilities | $608K |
| Net Assets | $746K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 24.6 months |
Financial Health Grade: A
In 2023, The Chamber reported a surplus of $29K with revenue exceeding expenses, holds 24.6 months of operating reserves (strong position), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Chamber's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | -2.0% | +25.5% |
| 2022 | -13.0% | +3.7% | +0.5% |
| 2021 | +11.9% | +16.0% | +13.2% |
| 2020 | -18.9% | -30.3% | +13.1% |
| 2019 | +22.1% | +20.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Chamber with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Chamber allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $600,000. This suggests either a volunteer-led executive team or compensation structures that are not categorized as officer compensation on the IRS Form 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Chamber's IRS 990 filings:
- Unclear executive compensation structure given 0% reported officer compensation for an organization of this size.
Strengths
The following positive indicators were identified for The Chamber:
- Consistent financial stability with revenues generally exceeding expenses.
- Growing asset base, indicating sound financial management (Assets grew from $830,238 in 2014 to $1,354,379 in 2023).
- No reported officer compensation, suggesting a high commitment to directing funds towards mission or volunteer leadership.
- Positive net assets, indicating financial resilience and long-term viability.
Frequently Asked Questions about The Chamber
Is The Chamber a legitimate charity?
The Chamber (EIN: 202924979) is a registered tax-exempt nonprofit based in North Dakota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $908K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Chamber spend its money?
The Chamber directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Chamber tax-deductible?
The Chamber is registered as a tax-exempt nonprofit (EIN: 202924979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Chamber CEO make?
The Chamber's highest-compensated officer earns $600,000. annually. The organization reported $908K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Chamber's spending goes to programs?
The Chamber directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Chamber located?
The Chamber is headquartered in Grand Forks, North Dakota and files with the IRS under EIN 202924979.
How many years of IRS 990 filings does The Chamber have?
The Chamber has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $908K in total revenue.
How does The Chamber manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, or compensated through mechanisms not classified as 'officer compensation' on the IRS Form 990, such as through a related entity or as general staff salaries. Further inquiry into their operational model would clarify this.
What is the primary source of The Chamber's revenue?
While the provided data shows total revenue, it does not detail the specific sources (e.g., membership dues, program service fees, contributions). A deeper dive into the full 990 forms would be needed to identify the primary revenue streams.
What are the specific programs or services The Chamber provides?
The NTEE code is unknown, and the provided financial summary does not detail program specifics. To understand their mission impact, one would need to review the program service accomplishments section of their full IRS Form 990.
Filing History
IRS 990 filing history for The Chamber showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Chamber's revenue has grown by 18.4%, moving from $582K to $689K. Total assets increased by 84.8% over the same period, from $733K to $1.4M. Total functional expenses rose by 23.6%, from $534K to $660K. In its most recent filing year (2023), The Chamber reported a surplus of $29K, with revenue exceeding expenses. The organization holds $608K in liabilities against $1.4M in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $746K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $689K | $660K | $1.4M | $608K | — | — |
| 2022 | $641K | $674K | $1.1M | $362K | — | View 990 |
| 2021 | $737K | $650K | $1.1M | $324K | — | View 990 |
| 2020 | $658K | $560K | $949K | $286K | — | View 990 |
| 2019 | $812K | $803K | $838K | $288K | — | — |
| 2018 | $665K | $665K | $885K | $343K | — | View 990 |
| 2017 | $854K | $791K | $786K | $243K | — | View 990 |
| 2016 | $668K | $645K | $794K | $314K | — | View 990 |
| 2015 | $642K | $650K | $834K | $376K | — | View 990 |
| 2014 | $706K | $682K | $830K | $361K | — | View 990 |
| 2013 | $600K | $595K | $760K | $314K | — | View 990 |
| 2012 | $638K | $607K | $784K | $346K | — | View 990 |
| 2011 | $582K | $534K | $733K | $329K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $689K, expenses of $660K, and assets of $1.4M (revenue +7.4% year-over-year).
- 2022: Revenue of $641K, expenses of $674K, and assets of $1.1M (revenue -13.0% year-over-year).
- 2021: Revenue of $737K, expenses of $650K, and assets of $1.1M (revenue +11.9% year-over-year).
- 2020: Revenue of $658K, expenses of $560K, and assets of $949K (revenue -18.9% year-over-year).
- 2019: Revenue of $812K, expenses of $803K, and assets of $838K (revenue +22.1% year-over-year).
- 2018: Revenue of $665K, expenses of $665K, and assets of $885K (revenue -22.2% year-over-year).
- 2017: Revenue of $854K, expenses of $791K, and assets of $786K (revenue +28.0% year-over-year).
- 2016: Revenue of $668K, expenses of $645K, and assets of $794K (revenue +4.0% year-over-year).
- 2015: Revenue of $642K, expenses of $650K, and assets of $834K (revenue -9.1% year-over-year).
- 2014: Revenue of $706K, expenses of $682K, and assets of $830K (revenue +17.7% year-over-year).
- 2013: Revenue of $600K, expenses of $595K, and assets of $760K (revenue -6.0% year-over-year).
- 2012: Revenue of $638K, expenses of $607K, and assets of $784K (revenue +9.6% year-over-year).
- 2011: Revenue of $582K, expenses of $534K, and assets of $733K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chamber:
Data Sources and Methodology
This transparency report for The Chamber is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.