Is Lincoln Woodstock Chamber Of Commerce Legit?

The Lincoln Woodstock Chamber Of Commerce demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the latest filing (202309), the organization reported revenues of $319,895 against expenses of $284,956, indicating a surplus for the period. Assets have shown a positive trend, growing from $135,280 in 2014 to $530,950 in 2023, suggesting a build-up of financial reserves. The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the consistent operational surpluses in recent years (e.g., $34,939 in 2023, $21,659 in 2022) suggest sound financial management in balancing income and outflow. The absence of reported officer compensation across all filings indicates a lean operational structure regarding executive pay. Transparency is generally good given the consistent filing history. The lack of an NTEE code, however, makes it difficult to benchmark against similar organizations. The consistent growth in assets, coupled with manageable liabilities (e.g., $392,831 in liabilities against $530,950 in assets in 2023), points to a stable financial position, though the specific allocation of funds to mission-related activities remains an area for deeper inquiry.