Quick charity verification for Millinocket Chamber Of Commerce (EIN: 10405745)
Verdict: Millinocket Chamber Of Commerce shows mixed signals
65/100Mission Score
$115KRevenue
$45KAssets
3Red Flags
3Strengths
Red Flags
Consistently reporting $1 in assets across multiple years, which is highly unusual for an active organization.
No reported liabilities, which, combined with $1 in assets, suggests an incomplete financial picture.
Lack of detailed expense breakdown in available data makes it difficult to assess true spending efficiency.
Strengths
Consistent revenue generation over several years, indicating stable operations.
Reported 0% officer compensation, suggesting resources are directed towards the organization's mission.
Latest revenue of $114,933 shows positive growth compared to previous periods.
Spending Breakdown
How Millinocket 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 Millinocket Chamber Of Commerce
Is Millinocket Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Millinocket Chamber Of Commerce (EIN: 10405745) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Millinocket Chamber Of Commerce a good charity to donate to?
Millinocket Chamber Of Commerce has a Mission Score of 65/100. Revenue: $115K. Assets: $45K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Millinocket Chamber Of Commerce?
The Employer Identification Number (EIN) for Millinocket Chamber Of Commerce is 10405745. 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 Millinocket Chamber Of Commerce spend its money?
Millinocket 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 Millinocket Chamber Of Commerce's tax-exempt status?
You can verify Millinocket Chamber Of Commerce's tax-exempt status using EIN 10405745 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 Millinocket Chamber Of Commerce demonstrates consistent financial activity, with revenues fluctuating between $62,950 and $83,288 in the last three reported periods. Their latest reported revenue is $114,933, indicating growth. A notable aspect is the consistent reporting of $1 in assets and $0 in liabilities across multiple filings, which is highly unusual for an organization of this size and could indicate an oversimplified or incomplete financial picture. While officer compensation is reported as 0%, which is positive for donor confidence, the asset reporting raises questions about the completeness and accuracy of their financial disclosures, impacting overall transparency.
The organization appears to operate on a relatively lean budget, with expenses closely tracking revenues. For example, in 202306, expenses were $72,647 against revenues of $81,376, suggesting efficient use of funds to cover operational costs. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent $1 asset reporting is a significant red flag for financial transparency, as it does not reflect the typical financial holdings of an active chamber of commerce.