Convention Visitors Bureau Of Greater Portland
Convention Visitors Bureau Of Greater Portland operates with fluctuating revenues and expenses, often incurring small deficits, and reports no officer compensation.
EIN: 10384674 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $726K |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $216K |
| Transparency Score | 75/100 |
Is Convention Visitors Bureau Of Greater Portland Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Convention Visitors Bureau Of Greater Portland directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Convention Visitors Bureau Of Greater Portland
Convention Visitors Bureau Of Greater Portland (EIN: 10384674) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $726K and total assets of $390K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Convention Visitors Bureau Of Greater Portland's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Convention Visitors Bureau Of Greater Portland is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-118,235 |
| Total Assets | $399K |
| Total Liabilities | $183K |
| Net Assets | $216K |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 45.9% |
| Months of Reserves | 3.2 months |
Financial Health Grade: B
In 2023, Convention Visitors Bureau Of Greater Portland reported a deficit of $118K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 45.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Convention Visitors Bureau Of Greater Portland's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | -1.9% | -25.2% |
| 2022 | +102.7% | +123.9% | -5.3% |
| 2021 | +6.4% | +6.8% | +15.6% |
| 2020 | -43.2% | -48.2% | +79.4% |
| 2019 | +9.0% | +12.4% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1987 |
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 Convention Visitors Bureau Of Greater Portland with a Mission Score of 75 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, Convention Visitors Bureau Of Greater Portland 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 $118K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation being reported under other expense categories.
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 Convention Visitors Bureau Of Greater Portland's IRS 990 filings:
- Consistent small operating deficits in recent years (e.g., $118,235 in 202312, $35,518 in 202212) could indicate a need for tighter expense control or increased revenue generation.
- Lack of detailed functional expense breakdown makes it difficult to assess true program efficiency and administrative overhead.
- The consistent reporting of 0% officer compensation is unusual for an organization with over $1 million in revenue, potentially obscuring how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Convention Visitors Bureau Of Greater Portland:
- Consistent filing of IRS Form 990s over 13 periods demonstrates strong commitment to transparency and regulatory compliance.
- Stable asset base (e.g., $398,794 in 202312) provides a financial cushion.
- Relatively low liabilities compared to assets, indicating good financial health (e.g., $182,994 liabilities vs. $398,794 assets in 202312).
- No reported officer compensation, suggesting a focus on minimizing executive overhead or reliance on volunteer leadership.
Frequently Asked Questions about Convention Visitors Bureau Of Greater Portland
Is Convention Visitors Bureau Of Greater Portland a legitimate charity?
Convention Visitors Bureau Of Greater Portland (EIN: 10384674) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $726K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Convention Visitors Bureau Of Greater Portland spend its money?
Convention Visitors Bureau Of Greater Portland directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Convention Visitors Bureau Of Greater Portland tax-deductible?
Convention Visitors Bureau Of Greater Portland is registered as a tax-exempt nonprofit (EIN: 10384674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Convention Visitors Bureau Of Greater Portland's spending goes to programs?
Convention Visitors Bureau Of Greater Portland directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Convention Visitors Bureau Of Greater Portland located?
Convention Visitors Bureau Of Greater Portland is headquartered in Portland, Maine and files with the IRS under EIN 10384674.
How many years of IRS 990 filings does Convention Visitors Bureau Of Greater Portland have?
Convention Visitors Bureau Of Greater Portland 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 $726K in total revenue.
Is Convention Visitors Bureau Of Greater Portland a good charity?
Based on the available data, the organization demonstrates financial stability with consistent asset levels and a history of regular IRS 990 filings. The lack of reported officer compensation is a positive sign for minimizing overhead. However, without detailed functional expense breakdowns, it's challenging to fully assess program efficiency and impact.
How does the organization manage its finances given the revenue fluctuations?
The organization appears to manage its finances by adjusting expenses to align with fluctuating revenues. While some years show small deficits (e.g., 202312, 202212), others show surpluses (e.g., 202112, 202012), indicating a responsive financial management approach rather than significant long-term accumulation of debt or reserves.
What is the significance of 0% officer compensation?
0% officer compensation means that no salaries or benefits are reported for the organization's officers. This could indicate that leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the financial statements (e.g., as general salaries or contractor fees), which would require further investigation to clarify.
Filing History
IRS 990 filing history for Convention Visitors Bureau Of Greater Portland showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Convention Visitors Bureau Of Greater Portland's revenue has grown by 21.5%, moving from $1.1M to $1.4M. Total assets increased by 156.9% over the same period, from $155K to $399K. Total functional expenses rose by 29.9%, from $1.2M to $1.5M. In its most recent filing year (2023), Convention Visitors Bureau Of Greater Portland reported a deficit of $118K, with expenses exceeding revenue. The organization holds $183K in liabilities against $399K in assets (debt-to-asset ratio: 45.9%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $399K | $183K | — | — |
| 2022 | $1.5M | $1.5M | $533K | $199K | — | View 990 |
| 2021 | $741K | $687K | $563K | $194K | — | View 990 |
| 2020 | $697K | $643K | $487K | $172K | — | — |
| 2019 | $1.2M | $1.2M | $271K | $10K | — | View 990 |
| 2018 | $1.1M | $1.1M | $317K | $42K | — | View 990 |
| 2017 | $1.2M | $1.1M | $284K | $31K | — | View 990 |
| 2016 | $1.2M | $1.1M | $297K | $80K | — | View 990 |
| 2015 | $1.3M | $1.3M | $207K | $74K | — | View 990 |
| 2014 | $1.4M | $1.4M | $261K | $61K | — | View 990 |
| 2013 | $1.3M | $1.3M | $189K | $56K | — | View 990 |
| 2012 | $1.2M | $1.2M | $183K | $55K | — | View 990 |
| 2011 | $1.1M | $1.2M | $155K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $399K (revenue -7.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $533K (revenue +102.7% year-over-year).
- 2021: Revenue of $741K, expenses of $687K, and assets of $563K (revenue +6.4% year-over-year).
- 2020: Revenue of $697K, expenses of $643K, and assets of $487K (revenue -43.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $271K (revenue +9.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $317K (revenue -2.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $284K (revenue -5.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $297K (revenue -4.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $207K (revenue -11.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $261K (revenue +12.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $189K (revenue +6.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $183K (revenue +5.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $155K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Convention Visitors Bureau Of Greater Portland:
Data Sources and Methodology
This transparency report for Convention Visitors Bureau Of Greater Portland 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.