Is Houlton Chamber Of Commerce Legit?

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.