Substantial asset growth, nearly tripling from $547,925 in 2019 to $1,443,093 in 2023.
Significant revenue surplus in 2023 ($980,197 revenue vs. $365,866 expenses).
Spending Breakdown
How Ogunguit Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Ogunguit Chamber Of Commerce
Is Ogunguit Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Ogunguit Chamber Of Commerce (EIN: 10348709) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Ogunguit Chamber Of Commerce a good charity to donate to?
Ogunguit Chamber Of Commerce has a Mission Score of 85/100. Revenue: $383K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ogunguit Chamber Of Commerce?
The Employer Identification Number (EIN) for Ogunguit Chamber Of Commerce is 10348709. 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 Ogunguit Chamber Of Commerce spend its money?
Ogunguit Chamber Of Commerce allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ogunguit Chamber Of Commerce's tax-exempt status?
You can verify Ogunguit Chamber Of Commerce's tax-exempt status using EIN 10348709 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 Ogunquit Chamber of Commerce demonstrates a generally stable financial position, with assets showing significant growth over the past few years, nearly tripling from $547,925 in 2019 to $1,443,093 in 2023. Revenue has fluctuated, with a notable spike to $980,197 in 2023, which is significantly higher than previous years' average of around $300,000-$400,000. This spike, coupled with expenses of $365,866 in the same year, indicates a substantial surplus for 2023, contributing to asset growth.
The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. While specific program spending percentages are not detailed in the provided data, the consistent reporting of expenses relative to revenue suggests operational stability. The significant increase in liabilities in 2022 and 2023 (from $114,768 in 2019 to $365,560 in 2022 and $296,258 in 2023) warrants further investigation to understand their nature and impact on long-term financial health.
Overall, the Chamber appears to be financially healthy, especially with the strong 2023 performance. The consistent lack of officer compensation enhances its transparency profile. However, understanding the nature of the increased liabilities would provide a more complete picture of its financial commitments.