Westfield Area Chamber Of Commerce Inc
Westfield Area Chamber of Commerce: Steady Growth, High Program Spending
EIN: 221591616 · Westfield, NJ · Updated: 2026-04-04
About Westfield Area Chamber Of Commerce Inc
Westfield Area Chamber Of Commerce Inc (EIN: 221591616) is a nonprofit organization based in Westfield, NJ. The organization reported total revenue of $267K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westfield Area Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westfield Area Chamber Of Commerce Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Westfield Area Chamber Of Commerce Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% of expenses across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is a positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Westfield Area Chamber Of Commerce Inc:
- Consistent revenue growth from $92,730 in 2019 to $275,801 in 2023.
- Strong program spending, with expenses consistently exceeding 80% of total expenses.
- Healthy asset growth from $238,760 in 2019 to $377,952 in 2023.
- Low administrative and fundraising overhead based on available expense data.
Frequently Asked Questions about Westfield Area Chamber Of Commerce Inc
What does Westfield Area Chamber Of Commerce Inc do?
Westfield Area Chamber Of Commerce Inc is a nonprofit organization in the Unknown sector, located in Westfield, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Westfield Area Chamber Of Commerce Inc have?
Westfield Area Chamber Of Commerce Inc reported total revenue of $266,547. Based on 14 IRS 990 filings on record.
What are Westfield Area Chamber Of Commerce Inc's total assets?
Westfield Area Chamber Of Commerce Inc holds total assets of $293,780 as reported in IRS 990 filings.
Where is Westfield Area Chamber Of Commerce Inc located?
Westfield Area Chamber Of Commerce Inc is based in Westfield, New Jersey.
What is Westfield Area Chamber Of Commerce Inc's EIN?
Westfield Area Chamber Of Commerce Inc's Employer Identification Number (EIN) is 221591616. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westfield Area Chamber Of Commerce Inc?
Westfield Area Chamber Of Commerce Inc is classified under NTEE code Unknown (Unknown).
Is Westfield Area Chamber Of Commerce Inc a registered 501(c)(3)?
Westfield Area Chamber Of Commerce Inc appears in IRS records (EIN: 221591616). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Westfield Area Chamber Of Commerce Inc file IRS Form 990?
Yes, Westfield Area Chamber Of Commerce Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Westfield Area Chamber Of Commerce Inc's revenue in 2023?
In the 202312 filing period, Westfield Area Chamber Of Commerce Inc reported total revenue of $275,801, total expenses of $261,565, and net assets of $377,952.
Is Westfield Area Chamber Of Commerce Inc's revenue growing or declining?
Westfield Area Chamber Of Commerce Inc's revenue is growing. Revenue went from $227,936 (202212) to $275,801 (202312), a +21.0% change. Based on 14 filings on record.
What is Westfield Area Chamber Of Commerce Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Westfield Area Chamber Of Commerce Inc covers tax period 202312. It shows revenue of $275,801, expenses of $261,565, total assets of $377,952, and liabilities of $125,395.
How much does Westfield Area Chamber Of Commerce Inc spend on programs vs administration?
Based on IRS 990 analysis, Westfield Area Chamber Of Commerce Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Westfield Area Chamber Of Commerce Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Westfield Area Chamber Of Commerce Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Westfield Area Chamber Of Commerce Inc's strengths?
Positive indicators for Westfield Area Chamber Of Commerce Inc include: Consistent revenue growth from $92,730 in 2019 to $275,801 in 2023.. Strong program spending, with expenses consistently exceeding 80% of total expenses.. Healthy asset growth from $238,760 in 2019 to $377,952 in 2023.. Low administrative and fundraising overhead based on available expense data.. These findings are derived from AI analysis of the organization's financial filings.
How does Westfield Area Chamber Of Commerce Inc compensate executives?
Executive compensation is reported as 0% of expenses across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is a positive for resource allocation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Westfield Area Chamber Of Commerce Inc?
• Financial filings are consistently available and provide detailed revenue and expense breakdowns. • The organization's assets have shown consistent growth over the past several years. • No specific transparency report or detailed program impact report is readily available beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent growth in revenue and assets, what specific new initiatives or expanded programs has the Chamber implemented to drive this growth and benefit the Westfield area businesses?
While the financial data shows growth, the filings do not detail specific program initiatives. Further inquiry into their annual reports or strategic plans would be needed to understand the drivers behind the revenue and asset increases and their direct impact on the community.
With executive compensation consistently reported as 0%, how does the organization ensure effective leadership and management, and what is the succession plan for key roles?
The 0% executive compensation suggests either volunteer leadership or compensation below IRS reporting thresholds. This structure can be highly efficient but raises questions about long-term sustainability, professional management capacity, and succession planning, which are not addressed in the financial filings.
Filing History
IRS 990 filing history for Westfield Area Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Westfield Area Chamber Of Commerce Inc's revenue has grown by 128.3%, moving from $121K to $276K. Total assets increased by 187.4% over the same period, from $132K to $378K. Total functional expenses rose by 186.8%, from $91K to $262K. In its most recent filing year (2023), Westfield Area Chamber Of Commerce Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $125K in liabilities against $378K in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $253K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $262K | $378K | $125K | — | — |
| 2022 | $228K | $201K | $377K | $139K | — | View 990 |
| 2021 | $176K | $154K | $351K | $139K | — | View 990 |
| 2020 | $121K | $142K | $348K | $158K | — | View 990 |
| 2019 | $93K | $97K | $239K | $28K | — | View 990 |
| 2019 | $200K | $191K | $243K | $28K | — | View 990 |
| 2018 | $223K | $189K | $234K | $28K | — | View 990 |
| 2017 | $203K | $179K | $228K | $57K | — | View 990 |
| 2016 | $204K | $193K | $205K | $57K | — | View 990 |
| 2015 | $179K | $164K | $194K | $58K | — | View 990 |
| 2014 | $160K | $131K | $180K | $58K | — | View 990 |
| 2013 | $121K | $103K | $150K | $58K | — | View 990 |
| 2012 | $111K | $104K | $133K | $59K | — | View 990 |
| 2011 | $121K | $91K | $132K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $262K, and assets of $378K (revenue +21.0% year-over-year).
- 2022: Revenue of $228K, expenses of $201K, and assets of $377K (revenue +29.5% year-over-year).
- 2021: Revenue of $176K, expenses of $154K, and assets of $351K (revenue +45.5% year-over-year).
- 2020: Revenue of $121K, expenses of $142K, and assets of $348K (revenue +30.5% year-over-year).
- 2019: Revenue of $93K, expenses of $97K, and assets of $239K (revenue -53.7% year-over-year).
- 2019: Revenue of $200K, expenses of $191K, and assets of $243K (revenue -10.4% year-over-year).
- 2018: Revenue of $223K, expenses of $189K, and assets of $234K (revenue +10.0% year-over-year).
- 2017: Revenue of $203K, expenses of $179K, and assets of $228K (revenue -0.5% year-over-year).
- 2016: Revenue of $204K, expenses of $193K, and assets of $205K (revenue +13.7% year-over-year).
- 2015: Revenue of $179K, expenses of $164K, and assets of $194K (revenue +12.1% year-over-year).
- 2014: Revenue of $160K, expenses of $131K, and assets of $180K (revenue +32.5% year-over-year).
- 2013: Revenue of $121K, expenses of $103K, and assets of $150K (revenue +8.5% year-over-year).
- 2012: Revenue of $111K, expenses of $104K, and assets of $133K (revenue -7.8% year-over-year).
- 2011: Revenue of $121K, expenses of $91K, and assets of $132K.
Data Sources and Methodology
This transparency report for Westfield Area 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.