Greater Fort Kent Area Chamber Of Commerce

Greater Fort Kent Area Chamber of Commerce maintains stable, modest operations with no reported officer compensation.

EIN: 10457750 · Fort Kent, ME · Updated: 2026-03-28

$120KRevenue

$42KAssets

75/100Mission Score (Good)

Is Greater Fort Kent Area Chamber Of Commerce Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Greater Fort Kent Area Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Greater Fort Kent Area Chamber Of Commerce

Greater Fort Kent Area Chamber Of Commerce (EIN: 10457750) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $120K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Fort Kent Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Greater Fort Kent Area Chamber of Commerce demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, revenue was $56,925 against expenses of $57,665, indicating a slight deficit. The organization's assets have fluctuated, peaking around $69,375 in 2017 and currently standing at $39,094 in 2023. Liabilities have remained low and stable, typically under $3,500, suggesting good financial management of its obligations. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, although the NTEE code being 'Unknown' could be a minor point for improvement in classification clarity.

Spending efficiency appears reasonable given the nature of a Chamber of Commerce, which often involves community events, advocacy, and administrative support for local businesses. Without a detailed breakdown of expenses from the filings, it's challenging to precisely determine program versus administrative spending. However, the absence of officer compensation reported across all filings suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation towards the mission.

Overall, the organization appears to be financially stable, operating on a relatively modest budget. Its consistent operations and low liabilities are positive signs. To further assess efficiency, a more granular breakdown of expenses would be beneficial, but the available data points to a well-managed, albeit small, community organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Greater Fort Kent Area Chamber Of Commerce 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Greater Fort Kent 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.

Executive Compensation Analysis

No officer compensation has been reported in any of the available IRS 990 filings, suggesting that executive leadership is either volunteer-based or compensated through non-officer roles, which is a positive for resource allocation given the organization's modest revenue.

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 Greater Fort Kent Area Chamber Of Commerce's IRS 990 filings:

NTEE Code is 'Unknown', which could hinder clear classification and understanding of its primary activities.

Strengths

The following positive indicators were identified for Greater Fort Kent Area Chamber Of Commerce:

Consistent IRS 990 filing history, indicating good transparency.
No reported officer compensation across all filings, suggesting efficient use of funds.
Low and stable liabilities, demonstrating sound financial management (e.g., $3,448 in 2023).
Consistent operational activity over a long period, indicating sustained community engagement.

Frequently Asked Questions about Greater Fort Kent Area Chamber Of Commerce

Is Greater Fort Kent Area Chamber Of Commerce a legitimate charity?

Based on AI analysis of IRS 990 filings, Greater Fort Kent Area Chamber Of Commerce (EIN: 10457750) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.

How does Greater Fort Kent Area Chamber Of Commerce spend its money?

Greater Fort Kent Area Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Greater Fort Kent Area Chamber Of Commerce tax-deductible?

Greater Fort Kent Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10457750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is the Greater Fort Kent Area Chamber of Commerce financially stable?

Yes, the organization appears financially stable, consistently operating with revenues and expenses in a similar range and maintaining low liabilities, such as $3,448 in 2023.

Does the organization pay its officers?

Based on the IRS 990 filings, no officer compensation has been reported across all 13 periods, indicating that officers are likely volunteers or compensated through other means not classified as officer compensation.

How have the organization's assets changed over time?

Assets have fluctuated, reaching a high of $69,375 in 2017 and currently standing at $39,094 in 2023, showing some variability but remaining within a manageable range for its size.

What is the trend in revenue and expenses?

Revenue and expenses have generally remained consistent over the past decade, typically ranging between $40,000 and $60,000 annually, with occasional small deficits or surpluses, such as a $740 deficit in 2023.

Filing History

IRS 990 filing history for Greater Fort Kent Area Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Greater Fort Kent Area Chamber Of Commerce's revenue has grown by 61.4%, moving from $35K to $57K. Total assets decreased by 14.2% over the same period, from $46K to $39K. Total functional expenses rose by 55.8%, from $37K to $58K. In its most recent filing year (2023), Greater Fort Kent Area Chamber Of Commerce reported a deficit of $740, with expenses exceeding revenue. The organization holds $3K in liabilities against $39K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $36K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$57K	$58K	$39K	$3K	—	—
2022	$49K	$53K	$40K	$3K	—	—
2021	$45K	$44K	$43K	$3K	—	View 990
2020	$26K	$50K	$36K	$3K	—	View 990
2019	$45K	$48K	$61K	$3K	—	View 990
2018	$41K	$46K	$64K	$2K	—	View 990
2017	$56K	$46K	$69K	$3K	—	View 990
2016	$43K	$43K	$59K	$3K	—	View 990
2015	$45K	$44K	$59K	$3K	—	View 990
2014	$51K	$42K	$58K	$2K	—	View 990
2013	$47K	$43K	$48K	$1K	—	View 990
2012	$38K	$41K	$43K	$1K	—	View 990
2011	$35K	$37K	$46K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $57K, expenses of $58K, and assets of $39K (revenue +16.0% year-over-year).
2022: Revenue of $49K, expenses of $53K, and assets of $40K (revenue +8.6% year-over-year).
2021: Revenue of $45K, expenses of $44K, and assets of $43K (revenue +76.1% year-over-year).
2020: Revenue of $26K, expenses of $50K, and assets of $36K (revenue -42.9% year-over-year).
2019: Revenue of $45K, expenses of $48K, and assets of $61K (revenue +9.1% year-over-year).
2018: Revenue of $41K, expenses of $46K, and assets of $64K (revenue -26.3% year-over-year).
2017: Revenue of $56K, expenses of $46K, and assets of $69K (revenue +28.5% year-over-year).
2016: Revenue of $43K, expenses of $43K, and assets of $59K (revenue -2.8% year-over-year).
2015: Revenue of $45K, expenses of $44K, and assets of $59K (revenue -13.2% year-over-year).
2014: Revenue of $51K, expenses of $42K, and assets of $58K (revenue +9.8% year-over-year).
2013: Revenue of $47K, expenses of $43K, and assets of $48K (revenue +22.0% year-over-year).
2012: Revenue of $38K, expenses of $41K, and assets of $43K (revenue +9.1% year-over-year).
2011: Revenue of $35K, expenses of $37K, and assets of $46K.

Data Sources and Methodology

This transparency report for Greater Fort Kent 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.