Quick charity verification for Damariscotta Region Chamber Of Commerce (EIN: 222769394)
Verdict: Damariscotta Region Chamber Of Commerce shows mixed signals
65/100Mission Score
$124KRevenue
$559KAssets
3Red Flags
2Strengths
Red Flags
Significant revenue volatility, with a jump from $62,691 in 2022 to $526,319 in 2023, warrants further investigation into the source and sustainability of this increase.
The organization's net assets increased substantially from $41,414 in 2022 to $602,332 in 2023, raising questions about the utilization of these funds relative to program delivery.
Lack of clear program spending details makes it difficult to assess the direct impact of the organization's activities.
Strengths
The organization maintains a strong asset base, with $602,332 in 2023, providing financial stability.
Consistent operation over many years indicates established community presence.
AI Transparency Report
Damariscotta Region Chamber Of Commerce is a unknown nonprofit based in Damariscotta, Maine, with reported revenue of $124K and assets of $559K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. Executive compensation is not reported in the provided filings, suggesting it is below the threshold for disclosure or not applicable. Revenue has grown +743% across 13 filing periods.