Hidalgo Chamber of Commerce Inc

Overview

The Hidalgo Chamber of Commerce Inc. is a nonprofit organization focused on enhancing business conditions and promoting economic development within the community of Hidalgo, Texas. It is categorized as a business league, which includes chambers of commerce, real estate boards, and similar entities created for the improvement of business conditions[1].

Mission

The organization's primary mission involves providing economic development and business seminars to prospective businesses as well as existing ones in Hidalgo, TX. This reflects its commitment to fostering growth and stability in the local business environment[4][5].

Financial Overview

As of 2023, the organization reported a negative revenue of $14,600 and expenses of approximately $52,600. Its total assets were recorded at $33,700, while total liabilities were $63,500[1]. Contributions are the primary source of revenue for the organization, with no executive compensation, professional fundraising fees, or other salaries and wages reported[1].

Tax Status

Donations to the Hidalgo Chamber of Commerce Inc. are not tax-deductible, as it is not classified as a 501(c)(3) organization but rather falls under a different section of the IRS code as a business league[1].

Community Role

The organization plays a critical role in supporting local businesses by providing resources and opportunities for networking and development. It aligns with broader regional efforts, such as those of the RGV Partnership, which aims to promote community growth through business development[2].

[1] https://projects.propublica.org/nonprofits/organizations/741877735 [2] https://business.rgvpartnership.com/list/member/hidalgo-chamber-of-commerce-1729 [3] https://www.uschamber.com/co/chambers/texas/hidalgo [4] https://www.guidestar.org/profile/74-1877735 [5] https://www.charitynavigator.org/ein/741877735