Quick charity verification for Houlton Chamber Of Commerce (EIN: 10192722)
Verdict: Houlton Chamber Of Commerce appears trustworthy
75/100Mission Score
$78KRevenue
$52KAssets
2Red Flags
4Strengths
Red Flags
High liabilities relative to assets in several periods (e.g., 2022: liabilities $53,301, assets $45,872)
Lack of detailed functional expense breakdown in provided data, making program efficiency difficult to fully assess.
Strengths
Consistent revenue generation and growth over the past decade, from $50,649 in 2014 to $86,588 in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Positive net income in most recent years, contributing to asset growth (e.g., $11,067 surplus in 2023).
Strong filing history with 13 IRS 990s, demonstrating good transparency.
Spending Breakdown
How Houlton Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Houlton Chamber Of Commerce
Is Houlton Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Houlton Chamber Of Commerce (EIN: 10192722) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Houlton Chamber Of Commerce a good charity to donate to?
Houlton Chamber Of Commerce has a Mission Score of 75/100. Revenue: $78K. Assets: $52K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Houlton Chamber Of Commerce?
The Employer Identification Number (EIN) for Houlton Chamber Of Commerce is 10192722. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Houlton Chamber Of Commerce spend its money?
Houlton Chamber Of Commerce allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Houlton Chamber Of Commerce's tax-exempt status?
You can verify Houlton Chamber Of Commerce's tax-exempt status using EIN 10192722 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Houlton Chamber Of Commerce demonstrates consistent financial activity, with revenues generally outpacing expenses in recent years, leading to a growth in assets. For instance, in 2023, revenue was $86,588 against expenses of $75,521, contributing to an increase in assets to $64,417 from $45,872 in 2022. However, the organization carries a significant amount of liabilities, often approaching or exceeding its assets in some periods, such as in 2022 where liabilities were $53,301 against assets of $45,872. This indicates a reliance on debt or short-term obligations.
Spending efficiency appears reasonable given the nature of a Chamber of Commerce, which typically focuses on community and business support. Without a detailed breakdown of program vs. administrative expenses, it's challenging to precisely assess efficiency, but the overall expense levels are consistent with their revenue. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for resource allocation.
Transparency is generally good, with a consistent filing history of 13 IRS 990s. The absence of officer compensation simplifies the analysis of executive pay. However, the lack of NTEE code information and detailed program spending in the provided data limits a deeper understanding of their specific programmatic impact and how efficiently funds are directed to their mission.