Tompkins County Chamber Of Commerce Inc
Tompkins County Chamber Of Commerce maintains balanced budgets and growing assets with no reported officer compensation.
EIN: 150348795 · Ithaca, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Tompkins County Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tompkins County Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tompkins County Chamber Of Commerce Inc
Tompkins County Chamber Of Commerce Inc (EIN: 150348795) is a nonprofit organization based in Ithaca, NY. The organization reported total revenue of $3.1M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tompkins County Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tompkins County Chamber Of Commerce Inc is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$36K |
| Total Assets | $2.8M |
| Total Liabilities | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 51.7% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Tompkins County Chamber Of Commerce Inc reported a surplus of $36K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 51.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tompkins County Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +4.4% | +1.2% |
| 2022 | -7.6% | +21.6% | +66.6% |
| 2021 | +63.3% | +30.5% | +20.8% |
| 2020 | -25.8% | -29.8% | +3.4% |
| 2019 | +9.5% | +9.2% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1977 |
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 Tompkins County Chamber Of Commerce Inc 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, Tompkins County Chamber Of Commerce Inc 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 $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.7%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which is unusual for an organization of this size with annual revenues exceeding $2 million. This could indicate a volunteer-led executive structure or that compensation is reported under different expense categories.
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 Tompkins County Chamber Of Commerce Inc's IRS 990 filings:
- Lack of detailed expense breakdown to verify program efficiency
- Significant increase in liabilities from $398,818 in 2021 to $1,447,977 in 2023, warranting further investigation
Strengths
The following positive indicators were identified for Tompkins County Chamber Of Commerce Inc:
- Consistent financial stability with revenues generally covering expenses (e.g., 2023: Revenue $2,600,317, Expenses $2,564,070)
- Significant growth in assets, nearly doubling from $1,375,019 in 2020 to $2,802,815 in 2023
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Frequently Asked Questions about Tompkins County Chamber Of Commerce Inc
Is Tompkins County Chamber Of Commerce Inc a legitimate charity?
Tompkins County Chamber Of Commerce Inc (EIN: 150348795) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Tompkins County Chamber Of Commerce Inc spend its money?
Tompkins County Chamber Of Commerce Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tompkins County Chamber Of Commerce Inc tax-deductible?
Tompkins County Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 150348795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tompkins County Chamber Of Commerce Inc CEO make?
Tompkins County Chamber Of Commerce Inc's highest-compensated officer earns $2 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tompkins County Chamber Of Commerce Inc's spending goes to programs?
Tompkins County Chamber Of Commerce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Tompkins County Chamber Of Commerce Inc located?
Tompkins County Chamber Of Commerce Inc is headquartered in Ithaca, New York and files with the IRS under EIN 150348795.
How many years of IRS 990 filings does Tompkins County Chamber Of Commerce Inc have?
Tompkins County Chamber Of Commerce Inc 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 $3.1M in total revenue.
Is Tompkins County Chamber Of Commerce Inc a good charity?
Based on the available financial data, the organization appears to be financially stable with consistent revenue and expense management. The lack of reported officer compensation is a positive indicator for resource allocation. However, without detailed program spending breakdowns, a full assessment of its charitable impact is limited.
How has the organization's financial health changed over time?
The organization has shown consistent growth in assets, from $1,193,943 in 2018 to $2,802,815 in 2023, while maintaining relatively balanced revenues and expenses. This indicates a strengthening financial position over the past five years.
What is the significance of 'Officer Comp=0%'?
The 'Officer Comp=0%' across all filings means that no compensation was reported for officers, directors, trustees, or key employees on Part VII of the IRS Form 990. This could imply a volunteer leadership model or that compensation is categorized differently, which would require further investigation of the full 990 forms.
Filing History
IRS 990 filing history for Tompkins County Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tompkins County Chamber Of Commerce Inc's revenue has grown by 47.2%, moving from $1.8M to $2.6M. Total assets increased by 99% over the same period, from $1.4M to $2.8M. Total functional expenses rose by 48.8%, from $1.7M to $2.6M. In its most recent filing year (2023), Tompkins County Chamber Of Commerce Inc reported a surplus of $36K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $2.8M in assets (debt-to-asset ratio: 51.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $2.8M | $1.4M | — | — |
| 2022 | $2.5M | $2.5M | $2.8M | $1.5M | — | — |
| 2021 | $2.7M | $2.0M | $1.7M | $399K | — | View 990 |
| 2020 | $1.6M | $1.5M | $1.4M | $757K | — | — |
| 2019 | $2.2M | $2.2M | $1.3M | $796K | — | — |
| 2018 | $2.0M | $2.0M | $1.2M | $655K | — | View 990 |
| 2017 | $1.8M | $1.9M | $1.2M | $608K | — | View 990 |
| 2016 | $1.8M | $1.8M | $1.2M | $535K | — | View 990 |
| 2015 | $1.8M | $1.8M | $1.2M | $585K | — | View 990 |
| 2014 | $1.9M | $2.0M | $1.3M | $654K | — | View 990 |
| 2013 | $1.9M | $1.8M | $1.5M | $729K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.4M | $702K | — | View 990 |
| 2011 | $1.8M | $1.7M | $1.4M | $744K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $2.8M (revenue +5.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $2.8M (revenue -7.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.0M, and assets of $1.7M (revenue +63.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $1.4M (revenue -25.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue +9.5% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $1.2M (revenue +12.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $1.2M (revenue -1.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue +1.5% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue -4.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M (revenue -0.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $1.5M (revenue +20.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.4M (revenue -11.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tompkins County Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Tompkins County Chamber Of Commerce Inc 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.