Biddeford Saco Chamber Of Commerce Inc
Biddeford Saco Chamber Of Commerce maintains stable, lean operations with no reported officer compensation or liabilities.
EIN: 10029480 · Biddeford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $154K |
| Program Spending | 80% |
| Net Assets | $41K |
| Transparency Score | 85/100 |
Is Biddeford Saco Chamber Of Commerce Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Biddeford Saco Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Biddeford Saco Chamber Of Commerce Inc
Biddeford Saco Chamber Of Commerce Inc (EIN: 10029480) is a nonprofit organization based in Biddeford, ME. The organization reported total revenue of $163K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biddeford Saco Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biddeford Saco Chamber Of Commerce Inc is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $154K |
| Surplus / Deficit | +$2K |
| Total Assets | $41K |
| Net Assets | $41K |
| Operating Margin | 1.2% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Biddeford Saco Chamber Of Commerce Inc reported a surplus of $2K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Biddeford Saco Chamber Of Commerce Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -7.1% | +150.4% |
| 2022 | +5.9% | +26.3% | -31.1% |
| 2021 | -6.4% | -19.7% | +243.6% |
| 2020 | -18.5% | -16.2% | -34.3% |
| 2019 | -10.2% | -13.6% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Biddeford Saco Chamber Of Commerce Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Biddeford Saco Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Biddeford Saco Chamber Of Commerce Inc:
- Consistent reporting of zero liabilities across all filings, indicating strong financial health.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Stable revenue stream over the past decade, demonstrating consistent community support.
- High transparency with 13 available IRS 990 filings.
- Positive net income in the most recent filing (202312: Revenue=$155,970, Expenses=$154,024).
Frequently Asked Questions about Biddeford Saco Chamber Of Commerce Inc
Is Biddeford Saco Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Biddeford Saco Chamber Of Commerce Inc (EIN: 10029480) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Biddeford Saco Chamber Of Commerce Inc spend its money?
Biddeford Saco Chamber Of Commerce Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Biddeford Saco Chamber Of Commerce Inc tax-deductible?
Biddeford Saco Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 10029480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Biddeford Saco Chamber Of Commerce Inc's spending goes to programs?
Biddeford Saco Chamber Of Commerce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Biddeford Saco Chamber Of Commerce Inc located?
Biddeford Saco Chamber Of Commerce Inc is headquartered in Biddeford, Maine and files with the IRS under EIN 10029480.
How many years of IRS 990 filings does Biddeford Saco Chamber Of Commerce Inc have?
Biddeford Saco Chamber Of Commerce Inc 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 $163K in total revenue.
Is Biddeford Saco Chamber Of Commerce Inc a good charity?
Based on the available financial data, the Biddeford Saco Chamber Of Commerce Inc appears to be a well-managed organization. It consistently operates without liabilities, reports no officer compensation, and maintains stable revenue. Its focus on community and business support, combined with efficient financial practices, suggests it effectively utilizes its resources.
How does the organization manage its expenses relative to revenue?
The organization generally operates close to break-even, with expenses often very near or slightly exceeding revenue in some years (e.g., 202212: Revenue=$158,268, Expenses=$165,751; 202012: Revenue=$159,680, Expenses=$163,337). However, it also shows periods of surplus (e.g., 202312: Revenue=$155,970, Expenses=$154,024; 202112: Revenue=$149,488, Expenses=$131,202), indicating careful expense management.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time, from a high of $65,088 in 2014 to a low of $6,992 in 2020, and are currently at $52,202. This fluctuation suggests that the organization does not accumulate significant reserves but rather uses its funds for ongoing operations and programs.
Filing History
IRS 990 filing history for Biddeford Saco Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Biddeford Saco Chamber Of Commerce Inc's revenue has declined by 24.7%, moving from $207K to $156K. Total assets decreased by 72.9% over the same period, from $153K to $41K. Total functional expenses fell by 38.8%, from $252K to $154K. In its most recent filing year (2023), Biddeford Saco Chamber Of Commerce Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $154K | $41K | $0 | — | — |
| 2022 | $158K | $166K | $17K | $0 | — | View 990 |
| 2021 | $149K | $131K | $24K | $0 | — | View 990 |
| 2020 | $160K | $163K | $7K | $0 | — | — |
| 2019 | $196K | $195K | $11K | $0 | — | View 990 |
| 2018 | $218K | $226K | $10K | $0 | — | View 990 |
| 2017 | $184K | $209K | $17K | $0 | — | — |
| 2016 | $204K | $204K | $59K | $0 | — | View 990 |
| 2015 | $170K | $167K | $60K | $0 | — | View 990 |
| 2014 | $172K | $185K | $65K | $0 | — | View 990 |
| 2013 | $209K | $233K | $80K | $0 | — | View 990 |
| 2012 | $241K | $249K | $108K | $3K | — | View 990 |
| 2011 | $207K | $252K | $153K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $154K, and assets of $41K (revenue -1.5% year-over-year).
- 2022: Revenue of $158K, expenses of $166K, and assets of $17K (revenue +5.9% year-over-year).
- 2021: Revenue of $149K, expenses of $131K, and assets of $24K (revenue -6.4% year-over-year).
- 2020: Revenue of $160K, expenses of $163K, and assets of $7K (revenue -18.5% year-over-year).
- 2019: Revenue of $196K, expenses of $195K, and assets of $11K (revenue -10.2% year-over-year).
- 2018: Revenue of $218K, expenses of $226K, and assets of $10K (revenue +18.8% year-over-year).
- 2017: Revenue of $184K, expenses of $209K, and assets of $17K (revenue -9.8% year-over-year).
- 2016: Revenue of $204K, expenses of $204K, and assets of $59K (revenue +19.9% year-over-year).
- 2015: Revenue of $170K, expenses of $167K, and assets of $60K (revenue -1.2% year-over-year).
- 2014: Revenue of $172K, expenses of $185K, and assets of $65K (revenue -17.7% year-over-year).
- 2013: Revenue of $209K, expenses of $233K, and assets of $80K (revenue -13.5% year-over-year).
- 2012: Revenue of $241K, expenses of $249K, and assets of $108K (revenue +16.6% year-over-year).
- 2011: Revenue of $207K, expenses of $252K, and assets of $153K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biddeford Saco Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Biddeford Saco Chamber Of Commerce Inc 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.