Greater Ossipee Area Chamber Of Commerce
Greater Ossipee Area Chamber Of Commerce maintains strong financial health with consistent asset growth and zero executive compensation.
EIN: 20328177 · West Ossipee, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $20K |
| Program Spending | 90% |
| Net Assets | $154K |
| Transparency Score | 90/100 |
Is Greater Ossipee Area Chamber Of Commerce Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Ossipee Area Chamber Of Commerce directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Ossipee Area Chamber Of Commerce
Greater Ossipee Area Chamber Of Commerce (EIN: 20328177) is a nonprofit organization based in West Ossipee, NH. The organization reported total revenue of $49K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Ossipee Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Ossipee Area Chamber Of Commerce is a micro nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $20K |
| Surplus / Deficit | +$9K |
| Total Assets | $154K |
| Net Assets | $154K |
| Operating Margin | 30.1% |
| Months of Reserves | 93.0 months |
Financial Health Grade: A
In 2024, Greater Ossipee Area Chamber Of Commerce reported a surplus of $9K with revenue exceeding expenses, holds 93.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Greater Ossipee Area Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.5% | +19.7% | +5.9% |
| 2023 | -34.1% | -32.6% | +15.6% |
| 2022 | +109.3% | -28.3% | +31.7% |
| 2021 | -31.4% | -26.5% | -7.8% |
| 2020 | -41.8% | -7.0% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1993 |
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 Greater Ossipee Area Chamber Of Commerce with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Greater Ossipee Area Chamber Of Commerce allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly commendable for an organization of its size, as it ensures that all revenue is directed towards operational expenses and mission-related activities.
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 Greater Ossipee Area Chamber Of Commerce:
- Consistent asset growth, from $87,695 in 2016 to $172,831 currently.
- Zero liabilities reported in recent filings (2024, 2023, 2022), indicating strong financial management.
- 0% officer compensation across all filings, demonstrating volunteer-driven leadership and efficient use of funds.
- Expenses consistently below revenue in most years, leading to financial stability and surplus.
- Strong financial transparency with consistent IRS 990 filings.
Frequently Asked Questions about Greater Ossipee Area Chamber Of Commerce
Is Greater Ossipee Area Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Ossipee Area Chamber Of Commerce (EIN: 20328177) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Greater Ossipee Area Chamber Of Commerce spend its money?
Greater Ossipee Area Chamber Of Commerce directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Ossipee Area Chamber Of Commerce tax-deductible?
Greater Ossipee Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20328177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Ossipee Area Chamber Of Commerce located?
Greater Ossipee Area Chamber Of Commerce is headquartered in West Ossipee, New Hampshire and files with the IRS under EIN 20328177.
How many years of IRS 990 filings does Greater Ossipee Area Chamber Of Commerce have?
Greater Ossipee Area Chamber Of Commerce has 14 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 $49K in total revenue.
Is Greater Ossipee Area Chamber Of Commerce a good charity?
Based on its financial data, the Greater Ossipee Area Chamber Of Commerce appears to be a well-managed organization. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating efficient use of funds and strong volunteer engagement. Its financial health and transparency are strong indicators of a 'good' organization in terms of fiscal responsibility.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth. Assets have steadily increased from $87,695 in 2016 to $172,831 currently. While revenue fluctuates year-to-year (e.g., $65,906 in 2019 vs. $28,484 in 2024), expenses are generally kept well below revenue, leading to a healthy accumulation of assets and a strong financial position.
What is the organization's approach to executive compensation?
The Greater Ossipee Area Chamber Of Commerce reports 0% officer compensation in all available filings. This indicates a fully volunteer-led executive team, which is a significant strength in terms of financial efficiency and dedication to its mission.
Filing History
IRS 990 filing history for Greater Ossipee Area Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Greater Ossipee Area Chamber Of Commerce's revenue has declined by 26%, moving from $39K to $28K. Total assets increased by 137.4% over the same period, from $65K to $154K. Total functional expenses fell by 61.9%, from $52K to $20K. In its most recent filing year (2024), Greater Ossipee Area Chamber Of Commerce reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $28K | $20K | $154K | $0 | — | — |
| 2023 | $36K | $17K | $146K | $0 | — | View 990 |
| 2022 | $55K | $25K | $126K | $0 | — | View 990 |
| 2021 | $26K | $34K | $96K | $0 | — | — |
| 2020 | $38K | $47K | $104K | $0 | — | View 990 |
| 2019 | $66K | $50K | $114K | $2K | — | View 990 |
| 2018 | $63K | $54K | $98K | $1K | — | View 990 |
| 2017 | $65K | $58K | $88K | $6K | — | View 990 |
| 2016 | $61K | $58K | $88K | $12K | — | View 990 |
| 2015 | $60K | $58K | $92K | $11K | — | View 990 |
| 2014 | $63K | $63K | $87K | $7K | — | View 990 |
| 2013 | $50K | $44K | $78K | $0 | — | View 990 |
| 2012 | $56K | $44K | $73K | $1K | — | View 990 |
| 2011 | $39K | $52K | $65K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $28K, expenses of $20K, and assets of $154K (revenue -21.5% year-over-year).
- 2023: Revenue of $36K, expenses of $17K, and assets of $146K (revenue -34.1% year-over-year).
- 2022: Revenue of $55K, expenses of $25K, and assets of $126K (revenue +109.3% year-over-year).
- 2021: Revenue of $26K, expenses of $34K, and assets of $96K (revenue -31.4% year-over-year).
- 2020: Revenue of $38K, expenses of $47K, and assets of $104K (revenue -41.8% year-over-year).
- 2019: Revenue of $66K, expenses of $50K, and assets of $114K (revenue +4.2% year-over-year).
- 2018: Revenue of $63K, expenses of $54K, and assets of $98K (revenue -3.4% year-over-year).
- 2017: Revenue of $65K, expenses of $58K, and assets of $88K (revenue +7.3% year-over-year).
- 2016: Revenue of $61K, expenses of $58K, and assets of $88K (revenue +1.2% year-over-year).
- 2015: Revenue of $60K, expenses of $58K, and assets of $92K (revenue -5.0% year-over-year).
- 2014: Revenue of $63K, expenses of $63K, and assets of $87K (revenue +26.2% year-over-year).
- 2013: Revenue of $50K, expenses of $44K, and assets of $78K (revenue -10.4% year-over-year).
- 2012: Revenue of $56K, expenses of $44K, and assets of $73K (revenue +45.6% year-over-year).
- 2011: Revenue of $39K, expenses of $52K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Ossipee Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Greater Ossipee 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.