Westfield Washington Chamber Of Commerce Inc
EIN: 351523563 · Westfield, IN
| Metric | Value |
|---|---|
| Total Revenue | $435K |
| Total Expenses | $415K |
| Net Assets | $60K |
Is Westfield Washington Chamber Of Commerce Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Westfield Washington Chamber Of Commerce Inc
Westfield Washington Chamber Of Commerce Inc (EIN: 351523563) is a nonprofit organization based in Westfield, IN. The organization reported total revenue of $435K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westfield Washington Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westfield Washington Chamber Of Commerce Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $415K |
| Surplus / Deficit | +$16K |
| Total Assets | $61K |
| Total Liabilities | $223 |
| Net Assets | $60K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 1.8 months |
Financial Health Grade: A
In 2023, Westfield Washington Chamber Of Commerce Inc reported a surplus of $16K with revenue exceeding expenses, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westfield Washington Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +1.7% | +35.0% |
| 2022 | +103.5% | +109.1% | -27.0% |
| 2021 | +11.7% | +9.0% | -3.7% |
| 2020 | -9.0% | +8.9% | -9.5% |
| 2019 | -1.7% | -16.6% | +50.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Westfield Washington Chamber Of Commerce Inc 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 Westfield Washington Chamber Of Commerce Inc 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 $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Westfield Washington Chamber Of Commerce Inc
Is Westfield Washington Chamber Of Commerce Inc a legitimate charity?
Westfield Washington Chamber Of Commerce Inc (EIN: 351523563) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $435K. No red flags identified. Financial health grade: A.
How does Westfield Washington Chamber Of Commerce Inc spend its money?
Westfield Washington Chamber Of Commerce Inc reported $435K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Westfield Washington Chamber Of Commerce Inc tax-deductible?
Westfield Washington Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 351523563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Westfield Washington Chamber Of Commerce Inc located?
Westfield Washington Chamber Of Commerce Inc is headquartered in Westfield, Indiana and files with the IRS under EIN 351523563.
How many years of IRS 990 filings does Westfield Washington Chamber Of Commerce Inc have?
Westfield Washington 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 $435K in total revenue.
Filing History
IRS 990 filing history for Westfield Washington Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westfield Washington Chamber Of Commerce Inc's revenue has grown by 353%, moving from $95K to $431K. Total assets increased by 447.5% over the same period, from $11K to $61K. Total functional expenses rose by 293.5%, from $106K to $415K. In its most recent filing year (2023), Westfield Washington Chamber Of Commerce Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $223 in liabilities against $61K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $60K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $431K | $415K | $61K | $223 | — | — |
| 2022 | $392K | $408K | $45K | $585 | — | — |
| 2021 | $193K | $195K | $61K | $632 | — | View 990 |
| 2020 | $172K | $179K | $64K | $255 | — | View 990 |
| 2019 | $189K | $164K | $71K | $219 | — | View 990 |
| 2018 | $192K | $197K | $47K | $1K | — | View 990 |
| 2017 | $187K | $175K | $54K | $3K | — | — |
| 2016 | $185K | $168K | $40K | $2K | — | View 990 |
| 2015 | $181K | $171K | $30K | $8K | — | View 990 |
| 2014 | $171K | $153K | $16K | $5K | — | View 990 |
| 2013 | $133K | $139K | $10K | $18K | — | View 990 |
| 2012 | $98K | $109K | $13K | $14K | — | View 990 |
| 2011 | $95K | $106K | $11K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $431K, expenses of $415K, and assets of $61K (revenue +10.1% year-over-year).
- 2022: Revenue of $392K, expenses of $408K, and assets of $45K (revenue +103.5% year-over-year).
- 2021: Revenue of $193K, expenses of $195K, and assets of $61K (revenue +11.7% year-over-year).
- 2020: Revenue of $172K, expenses of $179K, and assets of $64K (revenue -9.0% year-over-year).
- 2019: Revenue of $189K, expenses of $164K, and assets of $71K (revenue -1.7% year-over-year).
- 2018: Revenue of $192K, expenses of $197K, and assets of $47K (revenue +2.8% year-over-year).
- 2017: Revenue of $187K, expenses of $175K, and assets of $54K (revenue +1.4% year-over-year).
- 2016: Revenue of $185K, expenses of $168K, and assets of $40K (revenue +2.1% year-over-year).
- 2015: Revenue of $181K, expenses of $171K, and assets of $30K (revenue +5.7% year-over-year).
- 2014: Revenue of $171K, expenses of $153K, and assets of $16K (revenue +28.4% year-over-year).
- 2013: Revenue of $133K, expenses of $139K, and assets of $10K (revenue +36.5% year-over-year).
- 2012: Revenue of $98K, expenses of $109K, and assets of $13K (revenue +2.5% year-over-year).
- 2011: Revenue of $95K, expenses of $106K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westfield Washington Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Westfield Washington 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.