Quick charity verification for Kennebec Valley Chamber Of Commerce (EIN: 10022415)
Verdict: Kennebec Valley Chamber Of Commerce appears trustworthy
85/100Mission Score
$789KRevenue
$555KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in summary data
Unclear how executive leadership is compensated given 0% officer compensation reported
Strengths
Consistent financial stability with revenues generally covering expenses
Growing asset base, reaching $602,885 in 2023
Low and well-managed liabilities, $51,926 in 2023
Transparent reporting of 0% officer compensation
Positive net assets indicating financial health
Spending Breakdown
How Kennebec Valley Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Kennebec Valley Chamber Of Commerce
Is Kennebec Valley Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebec Valley Chamber Of Commerce (EIN: 10022415) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Kennebec Valley Chamber Of Commerce a good charity to donate to?
Kennebec Valley Chamber Of Commerce has a Mission Score of 85/100. Revenue: $789K. Assets: $555K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kennebec Valley Chamber Of Commerce?
The Employer Identification Number (EIN) for Kennebec Valley Chamber Of Commerce is 10022415. 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 Kennebec Valley Chamber Of Commerce spend its money?
Kennebec Valley Chamber Of Commerce allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kennebec Valley Chamber Of Commerce's tax-exempt status?
You can verify Kennebec Valley Chamber Of Commerce's tax-exempt status using EIN 10022415 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 Kennebec Valley Chamber Of Commerce demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenue was $626,160 against expenses of $619,584, indicating a lean operational margin. The organization's assets have shown growth, reaching $602,885 in 2023 from $250,801 in 2013, suggesting prudent financial management and accumulation of resources. Liabilities have remained relatively low in recent years, with $51,926 in 2023, which is a positive indicator of financial stability.
The organization's spending efficiency appears to be focused on its core mission, as evidenced by the consistent close proximity of revenues and expenses. While specific program spending percentages are not detailed in the provided summary, the overall financial picture suggests that the majority of funds are utilized for operational activities. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a notable aspect of its financial structure.
Overall, the Kennebec Valley Chamber Of Commerce appears to be a financially stable organization with a history of responsible fiscal management. Its consistent growth in assets, controlled liabilities, and transparent reporting of officer compensation contribute to a positive assessment of its financial health and transparency. Further analysis of detailed program expenses would provide a more granular understanding of its spending efficiency.