Ellsworth Area Chamber Of Commerce
Ellsworth Area Chamber of Commerce maintains stable finances with no reported officer compensation.
EIN: 10371234 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $443K |
| Total Expenses | $433K |
| Program Spending | 80% |
| Net Assets | $110K |
| Transparency Score | 85/100 |
Is Ellsworth 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 →
Ellsworth Area Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ellsworth Area Chamber Of Commerce
Ellsworth Area Chamber Of Commerce (EIN: 10371234) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $443K and total assets of $118K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ellsworth Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ellsworth Area Chamber Of Commerce is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $388K |
| Total Expenses | $433K |
| Surplus / Deficit | $-44,996 |
| Total Assets | $130K |
| Total Liabilities | $20K |
| Net Assets | $110K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Ellsworth Area Chamber Of Commerce reported a deficit of $45K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ellsworth Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +10.7% | -21.8% |
| 2022 | +21.3% | +13.3% | +8.3% |
| 2021 | +2.5% | +6.2% | -8.0% |
| 2020 | -21.8% | -24.4% | +4.2% |
| 2019 | +25.5% | +22.1% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1981 |
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 Ellsworth Area Chamber Of Commerce 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, Ellsworth Area Chamber Of Commerce 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size and suggests either a volunteer-led executive team or compensation being covered by other means not reported on the 990, which would be a significant 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 Ellsworth Area Chamber Of Commerce's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Ellsworth Area Chamber Of Commerce:
- Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency.
- 0% reported officer compensation across all filings, indicating efficient use of funds for leadership.
- Assets consistently exceed liabilities, showing good financial management and solvency.
- Stable revenue and expense levels over a decade, suggesting consistent operations.
Frequently Asked Questions about Ellsworth Area Chamber Of Commerce
Is Ellsworth Area Chamber Of Commerce a legitimate charity?
Ellsworth Area Chamber Of Commerce (EIN: 10371234) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $443K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Ellsworth Area Chamber Of Commerce spend its money?
Ellsworth Area Chamber Of Commerce directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ellsworth Area Chamber Of Commerce tax-deductible?
Ellsworth Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10371234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ellsworth Area Chamber Of Commerce's spending goes to programs?
Ellsworth Area Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ellsworth Area Chamber Of Commerce located?
Ellsworth Area Chamber Of Commerce is headquartered in Ellsworth, Maine and files with the IRS under EIN 10371234.
How many years of IRS 990 filings does Ellsworth Area Chamber Of Commerce have?
Ellsworth 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 $443K in total revenue.
Is the Ellsworth Area Chamber of Commerce financially stable?
Yes, the organization appears financially stable. While there are fluctuations, assets consistently exceed liabilities (e.g., $130,307 assets vs. $20,379 liabilities in 2023), and revenues generally cover expenses over time.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its executive leadership is either entirely volunteer-based or compensated through other means not disclosed as officer compensation on the 990.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated between approximately $330,000 and $430,000 over the past decade, with periods of slight surpluses and deficits, indicating a relatively consistent operational scale.
Filing History
IRS 990 filing history for Ellsworth Area Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ellsworth Area Chamber Of Commerce's revenue has grown by 10.6%, moving from $350K to $388K. Total assets decreased by 3.6% over the same period, from $135K to $130K. Total functional expenses rose by 31.1%, from $330K to $433K. In its most recent filing year (2023), Ellsworth Area Chamber Of Commerce reported a deficit of $45K, with expenses exceeding revenue. The organization holds $20K in liabilities against $130K in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $110K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $388K | $433K | $130K | $20K | — | — |
| 2022 | $419K | $391K | $167K | $12K | — | View 990 |
| 2021 | $346K | $345K | $154K | $27K | — | View 990 |
| 2020 | $337K | $325K | $167K | $41K | — | View 990 |
| 2019 | $431K | $430K | $160K | $47K | — | View 990 |
| 2018 | $344K | $352K | $153K | $42K | — | View 990 |
| 2017 | $379K | $356K | $174K | $55K | — | View 990 |
| 2016 | $337K | $340K | $152K | $55K | — | View 990 |
| 2015 | $337K | $338K | $153K | $53K | — | View 990 |
| 2014 | $376K | $364K | $161K | $60K | — | View 990 |
| 2013 | $322K | $305K | $150K | $62K | — | View 990 |
| 2012 | $350K | $340K | $144K | $73K | — | View 990 |
| 2011 | $350K | $330K | $135K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $388K, expenses of $433K, and assets of $130K (revenue -7.5% year-over-year).
- 2022: Revenue of $419K, expenses of $391K, and assets of $167K (revenue +21.3% year-over-year).
- 2021: Revenue of $346K, expenses of $345K, and assets of $154K (revenue +2.5% year-over-year).
- 2020: Revenue of $337K, expenses of $325K, and assets of $167K (revenue -21.8% year-over-year).
- 2019: Revenue of $431K, expenses of $430K, and assets of $160K (revenue +25.5% year-over-year).
- 2018: Revenue of $344K, expenses of $352K, and assets of $153K (revenue -9.2% year-over-year).
- 2017: Revenue of $379K, expenses of $356K, and assets of $174K (revenue +12.4% year-over-year).
- 2016: Revenue of $337K, expenses of $340K, and assets of $152K (revenue -0.1% year-over-year).
- 2015: Revenue of $337K, expenses of $338K, and assets of $153K (revenue -10.4% year-over-year).
- 2014: Revenue of $376K, expenses of $364K, and assets of $161K (revenue +16.8% year-over-year).
- 2013: Revenue of $322K, expenses of $305K, and assets of $150K (revenue -8.1% year-over-year).
- 2012: Revenue of $350K, expenses of $340K, and assets of $144K (revenue +0.0% year-over-year).
- 2011: Revenue of $350K, expenses of $330K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ellsworth Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Ellsworth 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.