Is Moosehead Lake Region Chamber Of Commerce Legit?
Quick charity verification for Moosehead Lake Region Chamber Of Commerce (EIN: 10265275)
Verdict: Moosehead Lake Region Chamber Of Commerce appears trustworthy
75/100Mission Score
$98KRevenue
$28KAssets
2Red Flags
3Strengths
Red Flags
Frequent operational deficits (e.g., $10,282 deficit in 202312, $290 deficit in 202112, $16,446 deficit in 201809)
Fluctuating asset levels, indicating potential instability in reserves.
Strengths
Consistent 0% officer compensation across all filings, indicating low administrative overhead related to executive pay.
Low liabilities in most periods (e.g., $1,700 in 202312, $0 in 202212), suggesting good debt management.
Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency.
Spending Breakdown
How Moosehead Lake Region Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Moosehead Lake Region Chamber Of Commerce
Is Moosehead Lake Region Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Moosehead Lake Region Chamber Of Commerce (EIN: 10265275) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Moosehead Lake Region Chamber Of Commerce a good charity to donate to?
Moosehead Lake Region Chamber Of Commerce has a Mission Score of 75/100. Revenue: $98K. Assets: $28K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Moosehead Lake Region Chamber Of Commerce?
The Employer Identification Number (EIN) for Moosehead Lake Region Chamber Of Commerce is 10265275. 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 Moosehead Lake Region Chamber Of Commerce spend its money?
Moosehead Lake Region Chamber Of Commerce allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Moosehead Lake Region Chamber Of Commerce's tax-exempt status?
You can verify Moosehead Lake Region Chamber Of Commerce's tax-exempt status using EIN 10265275 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 Moosehead Lake Region Chamber Of Commerce demonstrates consistent operational activity, with revenues and expenses generally fluctuating around the $100,000 to $150,000 range over the past several years. In the latest period (202312), the organization reported revenues of $99,061 against expenses of $109,343, indicating a slight deficit for the year. This trend of expenses occasionally exceeding revenue is observed in several periods, such as 202312, 202112, 201809, 201709, and 201609, suggesting that the organization sometimes operates with a narrow margin or draws from reserves.
Asset levels have varied, reaching a high of $103,298 in 201509 but more recently standing at $42,608 in 202312. Liabilities have generally been low, with $1,700 in 202312, indicating a healthy balance sheet in terms of debt. A significant strength is the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, contributing to lower administrative overhead.
While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator for efficiency. The organization's consistent filing history demonstrates a commitment to transparency through regular IRS reporting. However, the recurring operational deficits in some years warrant attention to ensure long-term financial stability.