Millinocket Chamber Of Commerce
Millinocket Chamber Of Commerce shows revenue growth but reports unusually low assets across filings.
EIN: 10405745 · Millinocket, ME · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $73K |
| Program Spending | 70% |
| Net Assets | $1 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Millinocket Chamber Of Commerce Form 990, Revenue, CEO Pay, and IRS Filing Signals
Millinocket Chamber Of Commerce is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Millinocket Chamber Of Commerce in one place.
Form 990 Filing Summary
3 filing years are available, with latest revenue of $81K and expenses of $73K.
Revenue and Expenses
Millinocket Chamber Of Commerce reported $81K in revenue and $73K in expenses, a surplus of $9K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Millinocket 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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $51K (70%) |
Across stored filings, Millinocket Chamber Of Commerce shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 3 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Community Improvement context |
Trust Check
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Donation Decision Flow
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2Understand money
70% of spending goes to programs.
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Millinocket Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Millinocket Chamber Of Commerce
Millinocket Chamber Of Commerce (EIN: 10405745) is a nonprofit organization based in Millinocket, ME, classified under NTEE code S40. The organization reported total revenue of $115K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millinocket Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millinocket Chamber Of Commerce is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $73K |
| Surplus / Deficit | +$9K |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 10.7% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Millinocket Chamber Of Commerce reported a surplus of $9K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Millinocket Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | +15.2% | +0.0% |
| 2022 | -24.4% | -9.9% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2021 |
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 Millinocket Chamber Of Commerce with a Mission Score of 65 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, Millinocket 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 $9K, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, which is commendable for an organization of its size and suggests resources are not being diverted to high executive salaries.
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 Millinocket Chamber Of Commerce's IRS 990 filings:
- Consistently reporting $1 in assets across multiple years, which is highly unusual for an active organization.
- No reported liabilities, which, combined with $1 in assets, suggests an incomplete financial picture.
- Lack of detailed expense breakdown in available data makes it difficult to assess true spending efficiency.
Strengths
The following positive indicators were identified for Millinocket Chamber Of Commerce:
- Consistent revenue generation over several years, indicating stable operations.
- Reported 0% officer compensation, suggesting resources are directed towards the organization's mission.
- Latest revenue of $114,933 shows positive growth compared to previous periods.
Frequently Asked Questions about Millinocket Chamber Of Commerce
Is Millinocket Chamber Of Commerce a legitimate charity?
Millinocket Chamber Of Commerce (EIN: 10405745) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 3 years of IRS 990 filings on record. Total revenue: $115K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Millinocket Chamber Of Commerce spend its money?
Millinocket Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Millinocket Chamber Of Commerce tax-deductible?
Millinocket Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10405745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Millinocket Chamber Of Commerce's spending goes to programs?
Millinocket Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Millinocket Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 65/100 (Good), Millinocket Chamber Of Commerce is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Millinocket Chamber Of Commerce located?
Millinocket Chamber Of Commerce is headquartered in Millinocket, Maine and files with the IRS under EIN 10405745. It is classified under NTEE code S40.
How many years of IRS 990 filings does Millinocket Chamber Of Commerce have?
Millinocket Chamber Of Commerce has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $115K in total revenue.
Why are assets consistently reported as $1 across multiple years?
The consistent reporting of $1 in assets and $0 in liabilities across multiple IRS 990 filings (2021-2023) for an organization with revenues exceeding $60,000 is highly unusual and suggests either a significant accounting anomaly, a misunderstanding of reporting requirements, or that the organization holds very few tangible assets directly. This warrants further investigation to understand the true financial position.
Does the organization have sufficient reserves given its revenue levels?
With reported assets consistently at $1 and revenues fluctuating, the organization appears to have virtually no financial reserves. This could make it vulnerable to unexpected expenses or downturns in revenue, potentially impacting its long-term sustainability and ability to fulfill its mission.
Filing History
IRS 990 filing history for Millinocket Chamber Of Commerce showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Millinocket Chamber Of Commerce's revenue has declined by 2.3%, moving from $83K to $81K. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses rose by 3.9%, from $70K to $73K. In its most recent filing year (2023), Millinocket Chamber Of Commerce reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $73K | $1 | $0 | — | View 990 |
| 2022 | $63K | $63K | $1 | $0 | — | View 990 |
| 2021 | $83K | $70K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $73K, and assets of $1 (revenue +29.3% year-over-year).
- 2022: Revenue of $63K, expenses of $63K, and assets of $1 (revenue -24.4% year-over-year).
- 2021: Revenue of $83K, expenses of $70K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millinocket Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Millinocket 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.