Ogunguit Chamber Of Commerce

Ogunquit Chamber of Commerce sees significant revenue surge and asset growth in 2023 with no officer compensation.

EIN: 10348709 · Ogunquit, ME · NTEE: S30 · Updated: 2026-03-28

$383KRevenue
$336KGross Revenue
$1.7MAssets
85/100Mission Score (Excellent)
S30

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Ogunguit Chamber Of Commerce Financial Summary
MetricValue
Total Revenue$383K
Total Expenses$366K
Program Spending80%
Net Assets$1.1M
Transparency Score85/100

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Ogunguit Chamber Of Commerce Form 990, Revenue, CEO Pay, and IRS Filing Signals

Ogunguit 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 Ogunguit Chamber Of Commerce in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $980K and expenses of $366K.

Revenue and Expenses

Ogunguit Chamber Of Commerce reported $980K in revenue and $366K in expenses, a surplus of $614K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 3 strengths are shown from structured and AI review.

Is Ogunguit 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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
13Stored Filing Years

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

Ogunguit Chamber Of Commerce Expense Deployment
Program services$293K (80%)

Across stored filings, Ogunguit Chamber Of Commerce shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Ogunguit Chamber Of Commerce Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend80% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Community Improvement context

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

About Ogunguit Chamber Of Commerce

Ogunguit Chamber Of Commerce (EIN: 10348709) is a nonprofit organization based in Ogunquit, ME, classified under NTEE code S30. The organization reported total revenue of $383K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ogunguit Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

27Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Ogunguit Chamber Of Commerce is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$980K
Total Expenses$366K
Surplus / Deficit+$614K
Total Assets$1.4M
Total Liabilities$296K
Net Assets$1.1M
Operating Margin62.7%
Debt-to-Asset Ratio20.5%
Months of Reserves47.3 months

Financial Health Grade: A

In 2023, Ogunguit Chamber Of Commerce reported a surplus of $614K with revenue exceeding expenses, holds 47.3 months of operating reserves (strong position), has a debt-to-asset ratio of 20.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Ogunguit Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.

YearRevenue ChangeExpense ChangeAsset Change
2023+165.9%-2.4%+70.2%
2022-4.2%+12.9%+1.5%
2021+22.5%+6.5%+26.2%
2020-21.6%-13.5%+20.8%
2019-0.5%-8.1%+2.1%

IRS Tax-Exempt Classification

IRS Classification Codes3000
IRS Ruling Date1999

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Ogunquit Chamber of Commerce demonstrates a generally stable financial position, with assets showing significant growth over the past few years, nearly tripling from $547,925 in 2019 to $1,443,093 in 2023. Revenue has fluctuated, with a notable spike to $980,197 in 2023, which is significantly higher than previous years' average of around $300,000-$400,000. This spike, coupled with expenses of $365,866 in the same year, indicates a substantial surplus for 2023, contributing to asset growth. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. While specific program spending percentages are not detailed in the provided data, the consistent reporting of expenses relative to revenue suggests operational stability. The significant increase in liabilities in 2022 and 2023 (from $114,768 in 2019 to $365,560 in 2022 and $296,258 in 2023) warrants further investigation to understand their nature and impact on long-term financial health. Overall, the Chamber appears to be financially healthy, especially with the strong 2023 performance. The consistent lack of officer compensation enhances its transparency profile. However, understanding the nature of the increased liabilities would provide a more complete picture of its financial commitments.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ogunguit 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: 10%
  • programs: 80%
  • fundraising: 10%

According to IRS 990 filings, Ogunguit Chamber Of Commerce allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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:

$980KTotal Revenue
$366KTotal Expenses
$1.4MTotal Assets
$296KTotal Liabilities
$1.1MNet Assets
  • The organization reported a surplus of $614K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 20.5%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly commendable for a nonprofit of its size.

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 Ogunguit Chamber Of Commerce's IRS 990 filings:

  • Significant increase in liabilities in recent years without clear explanation in summary data.

Strengths

The following positive indicators were identified for Ogunguit Chamber Of Commerce:

  • Consistent 0% officer compensation, indicating strong financial stewardship and mission focus.
  • Substantial asset growth, nearly tripling from $547,925 in 2019 to $1,443,093 in 2023.
  • Significant revenue surplus in 2023 ($980,197 revenue vs. $365,866 expenses).

Frequently Asked Questions about Ogunguit Chamber Of Commerce

Is Ogunguit Chamber Of Commerce a legitimate charity?

Ogunguit Chamber Of Commerce (EIN: 10348709) 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: $383K. 1 red flag identified. 3 strengths noted. Financial health grade: A.

How does Ogunguit Chamber Of Commerce spend its money?

Ogunguit Chamber Of Commerce directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.

Are donations to Ogunguit Chamber Of Commerce tax-deductible?

Ogunguit Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10348709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Ogunguit Chamber Of Commerce's spending goes to programs?

Ogunguit Chamber Of Commerce directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Ogunguit Chamber Of Commerce compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Ogunguit Chamber Of Commerce is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Ogunguit Chamber Of Commerce located?

Ogunguit Chamber Of Commerce is headquartered in Ogunquit, Maine and files with the IRS under EIN 10348709. It is classified under NTEE code S30.

How many years of IRS 990 filings does Ogunguit Chamber Of Commerce have?

Ogunguit 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 $383K in total revenue.

What caused the significant revenue increase to $980,197 in 2023?

The provided data does not specify the source of the substantial revenue increase in 2023. Further investigation into the 2023 IRS 990 filing would be needed to identify the specific revenue streams.

What is the nature of the increased liabilities, particularly the jump to $365,560 in 2022?

The IRS 990 data indicates a notable increase in liabilities. Without access to the full 990 forms, it's impossible to determine the specific nature of these liabilities (e.g., loans, deferred revenue, accounts payable).

How does the organization allocate its expenses between program services, administration, and fundraising?

The provided summary data does not break down expenses into specific categories. A detailed analysis of the full IRS 990 forms would be required to determine the exact percentages for program, administrative, and fundraising spending.

Filing History

IRS 990 filing history for Ogunguit Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ogunguit Chamber Of Commerce's revenue has grown by 125.7%, moving from $434K to $980K. Total assets increased by 133.8% over the same period, from $617K to $1.4M. Total functional expenses fell by 15.5%, from $433K to $366K. In its most recent filing year (2023), Ogunguit Chamber Of Commerce reported a surplus of $614K, with revenue exceeding expenses. The organization holds $296K in liabilities against $1.4M in assets (debt-to-asset ratio: 20.5%), resulting in net assets of $1.1M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $980K $366K $1.4M $296K
2022 $369K $375K $848K $366K
2021 $385K $332K $836K $344K View 990
2020 $314K $312K $662K $226K
2019 $401K $360K $548K $115K View 990
2018 $403K $392K $537K $151K View 990
2017 $397K $376K $568K $194K
2016 $401K $398K $491K $137K View 990
2015 $424K $426K $478K $126K View 990
2014 $411K $414K $539K $186K View 990
2013 $425K $414K $513K $157K View 990
2012 $424K $425K $533K $188K View 990
2011 $434K $433K $617K $271K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $980K, expenses of $366K, and assets of $1.4M (revenue +165.9% year-over-year).
  • 2022: Revenue of $369K, expenses of $375K, and assets of $848K (revenue -4.2% year-over-year).
  • 2021: Revenue of $385K, expenses of $332K, and assets of $836K (revenue +22.5% year-over-year).
  • 2020: Revenue of $314K, expenses of $312K, and assets of $662K (revenue -21.6% year-over-year).
  • 2019: Revenue of $401K, expenses of $360K, and assets of $548K (revenue -0.5% year-over-year).
  • 2018: Revenue of $403K, expenses of $392K, and assets of $537K (revenue +1.5% year-over-year).
  • 2017: Revenue of $397K, expenses of $376K, and assets of $568K (revenue -0.9% year-over-year).
  • 2016: Revenue of $401K, expenses of $398K, and assets of $491K (revenue -5.6% year-over-year).
  • 2015: Revenue of $424K, expenses of $426K, and assets of $478K (revenue +3.2% year-over-year).
  • 2014: Revenue of $411K, expenses of $414K, and assets of $539K (revenue -3.2% year-over-year).
  • 2013: Revenue of $425K, expenses of $414K, and assets of $513K (revenue +0.2% year-over-year).
  • 2012: Revenue of $424K, expenses of $425K, and assets of $533K (revenue -2.4% year-over-year).
  • 2011: Revenue of $434K, expenses of $433K, and assets of $617K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Ogunguit Chamber Of Commerce:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Ogunguit 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.

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