Bethel Area Chamber Of Commerce
Bethel Area Chamber Of Commerce faces recent operating deficits and declining assets.
EIN: 10440342 · Bethel, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $225K |
| Program Spending | 70% |
| Net Assets | $19K |
| Transparency Score | 65/100 |
Is Bethel Area Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bethel Area Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bethel Area Chamber Of Commerce
Bethel Area Chamber Of Commerce (EIN: 10440342) is a nonprofit organization based in Bethel, ME. The organization reported total revenue of $217K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethel Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethel Area Chamber Of Commerce is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $225K |
| Surplus / Deficit | $-66,431 |
| Total Assets | $58K |
| Total Liabilities | $39K |
| Net Assets | $19K |
| Operating Margin | -41.8% |
| Debt-to-Asset Ratio | 66.7% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Bethel Area Chamber Of Commerce reported a deficit of $66K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 66.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bethel Area Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.4% | -2.4% | -49.4% |
| 2022 | -37.4% | -9.1% | -22.6% |
| 2021 | +97.2% | +30.0% | +136.6% |
| 2020 | -51.5% | -42.4% | -41.9% |
| 2019 | -7.7% | -6.0% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bethel Area Chamber Of Commerce with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Bethel Area Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.7%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting a volunteer-led executive structure or that compensation is minimal and categorized differently, which is positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bethel Area Chamber Of Commerce's IRS 990 filings:
- Consistent operating deficits in recent years (2023 and 2022)
- Significant decline in assets from $148,776 in 2021 to $39,892 currently
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Unknown NTEE code limits comparative analysis
Strengths
The following positive indicators were identified for Bethel Area Chamber Of Commerce:
- No reported officer compensation, suggesting efficient use of funds at the executive level
- Long history of IRS 990 filings, indicating transparency in reporting
- Generally balanced revenue and expenses in prior years (e.g., 2014-2019)
Frequently Asked Questions about Bethel Area Chamber Of Commerce
Is Bethel Area Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Bethel Area Chamber Of Commerce (EIN: 10440342) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Bethel Area Chamber Of Commerce spend its money?
Bethel Area Chamber Of Commerce directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bethel Area Chamber Of Commerce tax-deductible?
Bethel Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10440342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bethel Area Chamber Of Commerce's spending goes to programs?
Bethel Area Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Bethel Area Chamber Of Commerce located?
Bethel Area Chamber Of Commerce is headquartered in Bethel, Maine and files with the IRS under EIN 10440342.
How many years of IRS 990 filings does Bethel Area Chamber Of Commerce have?
Bethel Area Chamber Of Commerce has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $217K in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories, making it difficult to fully assess spending efficiency.
Why have expenses exceeded revenue in the last two reporting periods (2023 and 2022)?
In 2023, expenses were $225,229 against revenues of $158,798, and in 2022, expenses were $230,719 against revenues of $201,987. This trend suggests the organization is spending more than it earns, potentially drawing down reserves.
What caused the significant decrease in assets from $148,776 in 2021 to $39,892 currently?
The data shows a substantial reduction in assets over this period, which could be due to the recent operating deficits or specific investments/disinvestments not detailed in the summary.
Is the organization primarily volunteer-run, given the zero reported officer compensation?
The consistent reporting of 0% officer compensation across all filings strongly suggests a volunteer-led executive team or that executive compensation is not reported under this specific line item.
What is the NTEE code for this organization?
The NTEE code for Bethel Area Chamber Of Commerce is currently unknown, which limits the ability to benchmark its financial performance against similar organizations.
Filing History
IRS 990 filing history for Bethel Area Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bethel Area Chamber Of Commerce's revenue has declined by 50.5%, moving from $321K to $159K. Total assets decreased by 22.7% over the same period, from $75K to $58K. Total functional expenses fell by 28%, from $313K to $225K. In its most recent filing year (2023), Bethel Area Chamber Of Commerce reported a deficit of $66K, with expenses exceeding revenue. The organization holds $39K in liabilities against $58K in assets (debt-to-asset ratio: 66.7%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $225K | $58K | $39K | — | — |
| 2022 | $202K | $231K | $115K | $19K | — | View 990 |
| 2021 | $323K | $254K | $149K | $24K | — | View 990 |
| 2020 | $164K | $195K | $63K | $7K | — | View 990 |
| 2019 | $337K | $339K | $108K | $21K | — | View 990 |
| 2018 | $365K | $360K | $106K | $17K | — | View 990 |
| 2017 | $350K | $350K | $90K | $6K | — | View 990 |
| 2016 | $344K | $339K | $103K | $19K | — | View 990 |
| 2015 | $393K | $384K | $98K | $17K | — | View 990 |
| 2014 | $333K | $334K | $77K | $7K | — | View 990 |
| 2013 | $318K | $315K | $95K | $26K | — | View 990 |
| 2012 | $300K | $292K | $78K | $13K | — | View 990 |
| 2011 | $321K | $313K | $75K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $225K, and assets of $58K (revenue -21.4% year-over-year).
- 2022: Revenue of $202K, expenses of $231K, and assets of $115K (revenue -37.4% year-over-year).
- 2021: Revenue of $323K, expenses of $254K, and assets of $149K (revenue +97.2% year-over-year).
- 2020: Revenue of $164K, expenses of $195K, and assets of $63K (revenue -51.5% year-over-year).
- 2019: Revenue of $337K, expenses of $339K, and assets of $108K (revenue -7.7% year-over-year).
- 2018: Revenue of $365K, expenses of $360K, and assets of $106K (revenue +4.4% year-over-year).
- 2017: Revenue of $350K, expenses of $350K, and assets of $90K (revenue +1.9% year-over-year).
- 2016: Revenue of $344K, expenses of $339K, and assets of $103K (revenue -12.6% year-over-year).
- 2015: Revenue of $393K, expenses of $384K, and assets of $98K (revenue +18.0% year-over-year).
- 2014: Revenue of $333K, expenses of $334K, and assets of $77K (revenue +4.9% year-over-year).
- 2013: Revenue of $318K, expenses of $315K, and assets of $95K (revenue +5.9% year-over-year).
- 2012: Revenue of $300K, expenses of $292K, and assets of $78K (revenue -6.5% year-over-year).
- 2011: Revenue of $321K, expenses of $313K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethel Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Bethel Area Chamber Of Commerce is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.