Utah Asian Chamber Of Commerce
Utah Asian Chamber Of Commerce maintains stable finances with volunteer leadership and consistent asset growth.
EIN: 202602299 · W Valley City, UT · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $11K |
| Program Spending | 90% |
| Net Assets | $65K |
| Transparency Score | 90/100 |
Is Utah Asian Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Utah Asian Chamber Of Commerce directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Utah Asian Chamber Of Commerce
Utah Asian Chamber Of Commerce (EIN: 202602299) is a nonprofit organization based in W Valley City, UT, classified under NTEE code S41. The organization reported total revenue of $17K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utah Asian Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Utah Asian Chamber Of Commerce is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $11K |
| Surplus / Deficit | +$5K |
| Total Assets | $65K |
| Net Assets | $65K |
| Operating Margin | 33.3% |
| Months of Reserves | 72.4 months |
Financial Health Grade: A
In 2023, Utah Asian Chamber Of Commerce reported a surplus of $5K with revenue exceeding expenses, holds 72.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Utah Asian Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.2% | +4.0% | +9.0% |
| 2022 | -32.5% | +40.3% | +2.9% |
| 2021 | +134.1% | +65.4% | +22.0% |
| 2020 | -42.4% | -32.6% | +7.1% |
| 2019 | -60.5% | -88.6% | +17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Utah Asian Chamber Of Commerce with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Utah Asian Chamber Of Commerce allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Utah Asian Chamber Of Commerce's IRS 990 filings:
- Small operating budget may limit program scope
Strengths
The following positive indicators were identified for Utah Asian Chamber Of Commerce:
- Consistent asset growth (e.g., $47,126 in 2020 to $64,515 in 2023)
- Zero officer compensation, indicating volunteer leadership
- Consistently reports zero liabilities, demonstrating strong financial health
- Revenues generally exceed expenses in recent years
- High transparency with 13 available IRS 990 filings
Frequently Asked Questions about Utah Asian Chamber Of Commerce
Is Utah Asian Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Utah Asian Chamber Of Commerce (EIN: 202602299) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Utah Asian Chamber Of Commerce spend its money?
Utah Asian Chamber Of Commerce directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Utah Asian Chamber Of Commerce tax-deductible?
Utah Asian Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 202602299). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Utah Asian Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Utah Asian Chamber Of Commerce is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Utah Asian Chamber Of Commerce located?
Utah Asian Chamber Of Commerce is headquartered in W Valley City, Utah and files with the IRS under EIN 202602299. It is classified under NTEE code S41.
How many years of IRS 990 filings does Utah Asian Chamber Of Commerce have?
Utah Asian Chamber Of Commerce 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 $17K in total revenue.
Is the Utah Asian Chamber Of Commerce financially stable?
Yes, the organization appears financially stable. It consistently reports revenues exceeding expenses in most recent years, leading to steady asset growth (e.g., assets grew from $47,126 in 2020 to $64,515 in 2023) and consistently reports zero liabilities.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating a volunteer-led structure.
How has the organization's asset base changed over time?
The organization's assets have generally grown over the past five years, from $43,994 in 2019 to $64,515 in 2023, demonstrating prudent financial management and accumulation of resources.
What is the organization's approach to debt?
The organization consistently reports $0 in liabilities across all available filings, indicating a debt-free operation and a very conservative financial approach.
Filing History
IRS 990 filing history for Utah Asian Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Utah Asian Chamber Of Commerce's revenue has declined by 61.6%, moving from $42K to $16K. Total assets increased by 64.8% over the same period, from $39K to $65K. Total functional expenses fell by 67.6%, from $33K to $11K. In its most recent filing year (2023), Utah Asian Chamber Of Commerce reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $11K | $65K | $0 | — | — |
| 2022 | $12K | $10K | $59K | $0 | — | View 990 |
| 2021 | $18K | $7K | $58K | $0 | — | — |
| 2020 | $8K | $4K | $47K | $0 | — | — |
| 2019 | $13K | $7K | $44K | $0 | — | View 990 |
| 2018 | $33K | $58K | $37K | $0 | — | View 990 |
| 2017 | $24K | $17K | $62K | $0 | — | — |
| 2016 | $35K | $19K | $55K | $0 | — | View 990 |
| 2015 | $23K | $19K | $39K | $0 | — | View 990 |
| 2014 | $31K | $33K | $35K | $0 | — | View 990 |
| 2013 | $7K | $10K | $37K | $0 | — | View 990 |
| 2012 | $16K | $14K | $41K | $0 | — | View 990 |
| 2011 | $42K | $33K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $11K, and assets of $65K (revenue +34.2% year-over-year).
- 2022: Revenue of $12K, expenses of $10K, and assets of $59K (revenue -32.5% year-over-year).
- 2021: Revenue of $18K, expenses of $7K, and assets of $58K (revenue +134.1% year-over-year).
- 2020: Revenue of $8K, expenses of $4K, and assets of $47K (revenue -42.4% year-over-year).
- 2019: Revenue of $13K, expenses of $7K, and assets of $44K (revenue -60.5% year-over-year).
- 2018: Revenue of $33K, expenses of $58K, and assets of $37K (revenue +38.4% year-over-year).
- 2017: Revenue of $24K, expenses of $17K, and assets of $62K (revenue -30.6% year-over-year).
- 2016: Revenue of $35K, expenses of $19K, and assets of $55K (revenue +48.8% year-over-year).
- 2015: Revenue of $23K, expenses of $19K, and assets of $39K (revenue -24.4% year-over-year).
- 2014: Revenue of $31K, expenses of $33K, and assets of $35K (revenue +364.4% year-over-year).
- 2013: Revenue of $7K, expenses of $10K, and assets of $37K (revenue -58.2% year-over-year).
- 2012: Revenue of $16K, expenses of $14K, and assets of $41K (revenue -62.0% year-over-year).
- 2011: Revenue of $42K, expenses of $33K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Utah Asian Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Utah Asian Chamber Of Commerce 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.