Mid Maine Chamber Of Commerce
Mid Maine Chamber Of Commerce shows consistent revenue growth and healthy asset accumulation over the past decade.
EIN: 10178800 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $839K |
| Total Expenses | $1.2M |
| Program Spending | 70% |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Mid Maine 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 →
Mid Maine Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mid Maine Chamber Of Commerce
Mid Maine Chamber Of Commerce (EIN: 10178800) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $839K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Maine Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Maine Chamber Of Commerce is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$130K |
| Total Assets | $1.1M |
| Total Liabilities | $54K |
| Net Assets | $1.0M |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Mid Maine Chamber Of Commerce reported a surplus of $130K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Maine Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +3.9% | +13.7% |
| 2022 | +54.1% | +52.0% | +0.8% |
| 2021 | +23.5% | +22.5% | +5.0% |
| 2020 | -6.1% | -3.7% | +10.5% |
| 2019 | -0.3% | +3.7% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1982 |
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 Mid Maine 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mid Maine Chamber Of Commerce 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 surplus of $130K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which suggests either a volunteer leadership model or that executive compensation is categorized differently within their financial statements, warranting further review of the full 990 forms.
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 Mid Maine Chamber Of Commerce's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Unclear executive compensation structure given 0% reported officer compensation
Strengths
The following positive indicators were identified for Mid Maine Chamber Of Commerce:
- Consistent revenue growth, from $458,607 in 2014 to $1,325,040 in 2023
- Healthy asset accumulation, increasing from $575,846 in 2014 to $1,097,888 in 2023
- Consistent operating surpluses, with revenues exceeding expenses in all reported periods
- Low liabilities relative to assets, indicating strong financial stability
- Positive net assets, demonstrating long-term financial health
Frequently Asked Questions about Mid Maine Chamber Of Commerce
Is Mid Maine Chamber Of Commerce a legitimate charity?
Mid Maine Chamber Of Commerce (EIN: 10178800) 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: $839K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Mid Maine Chamber Of Commerce spend its money?
Mid Maine Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mid Maine Chamber Of Commerce tax-deductible?
Mid Maine Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10178800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mid Maine Chamber Of Commerce's spending goes to programs?
Mid Maine Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mid Maine Chamber Of Commerce located?
Mid Maine Chamber Of Commerce is headquartered in Waterville, Maine and files with the IRS under EIN 10178800.
How many years of IRS 990 filings does Mid Maine Chamber Of Commerce have?
Mid Maine 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 $839K in total revenue.
How does the Mid Maine Chamber Of Commerce allocate its expenses between programs, administration, and fundraising?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Further analysis of the full IRS 990 forms would be required to determine these ratios.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation suggests either that the organization's leadership is entirely volunteer-based, or that compensation for key executives is reported under different expense categories in their detailed financial statements. This would require reviewing the full 990 forms for clarification.
What are the primary sources of the Mid Maine Chamber Of Commerce's revenue?
While the data shows consistent revenue growth, the specific sources (e.g., membership dues, event fees, grants) are not detailed in this summary. A deeper dive into the full 990 filings would be needed to identify these sources.
Filing History
IRS 990 filing history for Mid Maine Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Maine Chamber Of Commerce's revenue has grown by 232.6%, moving from $398K to $1.3M. Total assets increased by 114.5% over the same period, from $512K to $1.1M. Total functional expenses rose by 217.1%, from $377K to $1.2M. In its most recent filing year (2023), Mid Maine Chamber Of Commerce reported a surplus of $130K, with revenue exceeding expenses. The organization holds $54K in liabilities against $1.1M in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $1.1M | $54K | — | View 990 |
| 2022 | $1.2M | $1.1M | $966K | $118K | — | View 990 |
| 2021 | $784K | $757K | $958K | $67K | — | View 990 |
| 2020 | $635K | $617K | $913K | $68K | — | — |
| 2019 | $676K | $641K | $826K | $40K | — | View 990 |
| 2018 | $678K | $618K | $756K | $43K | — | View 990 |
| 2017 | $597K | $557K | $728K | $50K | — | View 990 |
| 2016 | $531K | $517K | $643K | $24K | — | View 990 |
| 2015 | $522K | $474K | $629K | $34K | — | View 990 |
| 2014 | $459K | $412K | $576K | $20K | — | View 990 |
| 2013 | $431K | $407K | $537K | $18K | — | View 990 |
| 2012 | $463K | $439K | $525K | $34K | — | View 990 |
| 2011 | $398K | $377K | $512K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $1.1M (revenue +9.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $966K (revenue +54.1% year-over-year).
- 2021: Revenue of $784K, expenses of $757K, and assets of $958K (revenue +23.5% year-over-year).
- 2020: Revenue of $635K, expenses of $617K, and assets of $913K (revenue -6.1% year-over-year).
- 2019: Revenue of $676K, expenses of $641K, and assets of $826K (revenue -0.3% year-over-year).
- 2018: Revenue of $678K, expenses of $618K, and assets of $756K (revenue +13.4% year-over-year).
- 2017: Revenue of $597K, expenses of $557K, and assets of $728K (revenue +12.4% year-over-year).
- 2016: Revenue of $531K, expenses of $517K, and assets of $643K (revenue +1.8% year-over-year).
- 2015: Revenue of $522K, expenses of $474K, and assets of $629K (revenue +13.8% year-over-year).
- 2014: Revenue of $459K, expenses of $412K, and assets of $576K (revenue +6.4% year-over-year).
- 2013: Revenue of $431K, expenses of $407K, and assets of $537K (revenue -6.9% year-over-year).
- 2012: Revenue of $463K, expenses of $439K, and assets of $525K (revenue +16.1% year-over-year).
- 2011: Revenue of $398K, expenses of $377K, and assets of $512K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Maine Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Mid Maine 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.