Is Kennebunk Kennebunkport Chamber Of Commerce Legit?
Quick charity verification for Kennebunk Kennebunkport Chamber Of Commerce (EIN: 10265292)
Verdict: Kennebunk Kennebunkport Chamber Of Commerce appears trustworthy
75/100Mission Score
$485KRevenue
$449KAssets
3Red Flags
4Strengths
Red Flags
Consistent periods of expenses exceeding revenue (e.g., 2023, 2022, 2018, 2016, 2014) could indicate unsustainable spending patterns if not managed by reserves.
Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess spending efficiency.
Consistent 0% officer compensation for an organization with nearly $500k in revenue is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Long history of IRS 990 filings (13 filings) indicates good transparency and compliance.
Assets consistently exceed liabilities in recent years (e.g., $469,509 assets vs. $352,863 liabilities in 2023), demonstrating financial solvency.
Significant growth in assets from 2016 to 2018, indicating periods of strong financial accumulation.
Relatively stable revenue base over the past decade, despite fluctuations.
Spending Breakdown
How Kennebunk Kennebunkport 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 Kennebunk Kennebunkport Chamber Of Commerce
Is Kennebunk Kennebunkport Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebunk Kennebunkport Chamber Of Commerce (EIN: 10265292) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
Is Kennebunk Kennebunkport Chamber Of Commerce a good charity to donate to?
Kennebunk Kennebunkport Chamber Of Commerce has a Mission Score of 75/100. Revenue: $485K. Assets: $449K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kennebunk Kennebunkport Chamber Of Commerce?
The Employer Identification Number (EIN) for Kennebunk Kennebunkport Chamber Of Commerce is 10265292. 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 Kennebunk Kennebunkport Chamber Of Commerce spend its money?
Kennebunk Kennebunkport 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 Kennebunk Kennebunkport Chamber Of Commerce's tax-exempt status?
You can verify Kennebunk Kennebunkport Chamber Of Commerce's tax-exempt status using EIN 10265292 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 Kennebunk Kennebunkport Chamber Of Commerce demonstrates a generally stable financial position, with assets consistently exceeding liabilities in recent years, indicating solvency. For instance, in 2023, assets were $469,509 against liabilities of $352,863. However, the organization has experienced periods where expenses outpaced revenue, such as in 2023 where expenses were $430,738 against revenue of $384,265, and in 2022 with expenses of $337,253 exceeding revenue of $313,293. This trend suggests a need for careful financial management to ensure long-term sustainability, although it's common for chambers of commerce to have fluctuating revenues based on membership and event cycles.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure at the executive level, which can be a positive indicator of efficiency. The organization's revenue has fluctuated, peaking at $463,186 in 2021 and dipping to $313,293 in 2022, reflecting the dynamic nature of its funding sources.
Transparency appears to be adequate based on the consistent filing of IRS Form 990s over a long period (13 filings). The absence of reported officer compensation is a notable point, indicating that top leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for a complete picture of executive remuneration. Overall, the organization appears to be financially managed, but with some periods of deficit spending that bear watching.