Is Southern Midcoast Maine Chamber Legit?

Quick charity verification for Southern Midcoast Maine Chamber (EIN: 10486584)

Verdict: Southern Midcoast Maine Chamber appears trustworthy

75/100Mission Score
$317KRevenue
$37KAssets
1Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Southern Midcoast Maine Chamber 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 Southern Midcoast Maine Chamber

Is Southern Midcoast Maine Chamber a legitimate charity?

Based on AI analysis of IRS 990 filings, Southern Midcoast Maine Chamber (EIN: 10486584) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.

Is Southern Midcoast Maine Chamber a good charity to donate to?

Southern Midcoast Maine Chamber has a Mission Score of 75/100. Revenue: $317K. Assets: $37K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Southern Midcoast Maine Chamber?

The Employer Identification Number (EIN) for Southern Midcoast Maine Chamber is 10486584. 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 Southern Midcoast Maine Chamber spend its money?

Southern Midcoast Maine Chamber allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Southern Midcoast Maine Chamber's tax-exempt status?

You can verify Southern Midcoast Maine Chamber's tax-exempt status using EIN 10486584 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 Southern Midcoast Maine Chamber demonstrates consistent financial activity, with revenues fluctuating between $133,967 and $202,405 over the past five years, and a latest reported revenue of $178,695. The organization generally operates with expenses closely aligned to its revenue, indicating a break-even or slight surplus/deficit operational model. For instance, in 2023, expenses ($213,781) exceeded revenue ($178,695), leading to a deficit. However, in 2022, revenue ($147,850) exceeded expenses ($121,617), showing a surplus. The organization's assets are relatively modest, ranging from $36,639 to $77,769, and liabilities are also managed within reasonable bounds, suggesting a stable but not significantly growing financial position. The consistent reporting of 0% officer compensation across all five filings is a notable aspect of its financial transparency and operational structure, indicating that top leadership is either volunteer or compensated through other means not classified as officer compensation, which can be a positive sign for donor confidence regarding overhead.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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