Wessington Springs Area Chamber & Development
EIN: 460336659 · Wessingtn Spg, SD · NTEE: S32Z
| Metric | Value |
|---|---|
| Total Expenses | $27K |
| Net Assets | $81K |
Is Wessington Springs Area Chamber & Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wessington Springs Area Chamber & Development
Wessington Springs Area Chamber & Development (EIN: 460336659) is a nonprofit organization based in Wessingtn Spg, SD, classified under NTEE code S32Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wessington Springs Area Chamber & Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wessington Springs Area Chamber & Development is a micro nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $27K |
| Surplus / Deficit | +$17K |
| Total Assets | $81K |
| Net Assets | $81K |
| Operating Margin | 38.0% |
| Months of Reserves | 35.7 months |
Financial Health Grade: A
In 2023, Wessington Springs Area Chamber & Development reported a surplus of $17K with revenue exceeding expenses, holds 35.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Wessington Springs Area Chamber & Development's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | -56.1% | +27.0% |
| 2022 | -57.4% | -52.5% | -15.8% |
| 2021 | -44.9% | +60.6% | -78.6% |
| 2020 | +26.4% | +128.2% | +82.0% |
| 2019 | +664.8% | +140.3% | +223.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wessington Springs Area Chamber & Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wessington Springs Area Chamber & Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Frequently Asked Questions about Wessington Springs Area Chamber & Development
Is Wessington Springs Area Chamber & Development a legitimate charity?
Wessington Springs Area Chamber & Development (EIN: 460336659) is a registered tax-exempt nonprofit based in South Dakota. It has 14 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Wessington Springs Area Chamber & Development spend its money?
Wessington Springs Area Chamber & Development reported its financials in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wessington Springs Area Chamber & Development tax-deductible?
Wessington Springs Area Chamber & Development is registered as a tax-exempt nonprofit (EIN: 460336659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wessington Springs Area Chamber & Development located?
Wessington Springs Area Chamber & Development is headquartered in Wessingtn Spg, South Dakota and files with the IRS under EIN 460336659. It is classified under NTEE code S32Z.
How many years of IRS 990 filings does Wessington Springs Area Chamber & Development have?
Wessington Springs Area Chamber & Development has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Wessington Springs Area Chamber & Development showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Wessington Springs Area Chamber & Development's revenue has declined by 62.4%, moving from $117K to $44K. Total assets decreased by 16.5% over the same period, from $97K to $81K. Total functional expenses fell by 76.5%, from $116K to $27K. In its most recent filing year (2023), Wessington Springs Area Chamber & Development reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $27K | $81K | $0 | — | View 990 |
| 2022 | $51K | $62K | $64K | $0 | — | View 990 |
| 2021 | $119K | $131K | $76K | $400 | — | View 990 |
| 2020 | $215K | $81K | $355K | $0 | — | — |
| 2019 | $170K | $36K | $195K | $0 | — | View 990 |
| 2018 | $22K | $15K | $60K | $0 | — | View 990 |
| 2017 | $34K | $21K | $53K | $0 | — | View 990 |
| 2016 | $32K | $20K | $41K | $0 | — | View 990 |
| 2015 | $-534 | $49K | $29K | $0 | — | View 990 |
| 2014 | $26K | $33K | $79K | $0 | — | View 990 |
| 2013 | $35K | $41K | $86K | $0 | — | View 990 |
| 2012 | $87K | $95K | $102K | $0 | — | View 990 |
| 2011 | $131K | $118K | $110K | $0 | — | View 990 |
| 2010 | $117K | $116K | $97K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $27K, and assets of $81K (revenue -13.0% year-over-year).
- 2022: Revenue of $51K, expenses of $62K, and assets of $64K (revenue -57.4% year-over-year).
- 2021: Revenue of $119K, expenses of $131K, and assets of $76K (revenue -44.9% year-over-year).
- 2020: Revenue of $215K, expenses of $81K, and assets of $355K (revenue +26.4% year-over-year).
- 2019: Revenue of $170K, expenses of $36K, and assets of $195K (revenue +664.8% year-over-year).
- 2018: Revenue of $22K, expenses of $15K, and assets of $60K (revenue -33.8% year-over-year).
- 2017: Revenue of $34K, expenses of $21K, and assets of $53K (revenue +4.9% year-over-year).
- 2016: Revenue of $32K, expenses of $20K, and assets of $41K.
- 2015: Revenue of $-534, expenses of $49K, and assets of $29K (revenue -102.1% year-over-year).
- 2014: Revenue of $26K, expenses of $33K, and assets of $79K (revenue -25.7% year-over-year).
- 2013: Revenue of $35K, expenses of $41K, and assets of $86K (revenue -59.5% year-over-year).
- 2012: Revenue of $87K, expenses of $95K, and assets of $102K (revenue -33.8% year-over-year).
- 2011: Revenue of $131K, expenses of $118K, and assets of $110K (revenue +11.8% year-over-year).
- 2010: Revenue of $117K, expenses of $116K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wessington Springs Area Chamber & Development:
Data Sources and Methodology
This transparency report for Wessington Springs Area Chamber & Development 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.