Public & Societal Benefit (W12) IRS Verified DX Registered 990 on File

SPENCER CHAMBER OF COMMERCE FOUNDATION

EIN: 82-3499924 · SPENCER, IA 51301-3451 · United States · FY 2024 Data

3 out of 5 46 / 100 Based on one year of filings

Financial strength (30%) 67/100

Reliability (20%) 45/100

Effectiveness (25%) 68/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The mission of the Spencer Chamber of Commerce Foundation is to support and promote community development activities of the Clay County area.

Financial Overview — FY 2024

$618K

Total Revenue

$312K

Total Expenses

$321K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 95.9%

Fundraising Efficiency N/A

Operating Reserve 12.38x

Liability-to-Asset 13.7%

Revenue Diversification 91.3%

Executive Compensation $0

Compared with Peers

FY 2024

Compared with 1,513 similar organizations (United States, Public & Societal Benefit, $100K–$1M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	95.9%	85.7%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	4.1%	10.4%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	12.4 mo	8.5 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	13.7%	0.6%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	91.3%	97.0%	P10P90	Above median
Surplus margin Surplus as a share of revenue	49.6%	2.2%	P10P90

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Organization Details

EIN: 82-3499924
State: IA
City: SPENCER
ZIP: 51301-3451
Classification: W12
Category: Public & Societal Benefit
Rating: 3★
Coverage: B
Last Updated: Aug 2026
IRS Ruling Year: 2017
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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