Portland Regional Chamber
Portland Regional Chamber shows consistent revenue growth and asset accumulation, but recent liabilities surge.
EIN: 10043280 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Portland Regional Chamber Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Regional Chamber directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Portland Regional Chamber
Portland Regional Chamber (EIN: 10043280) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Regional Chamber's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Regional Chamber is a mid-size nonprofit that has been operating for 74 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$37K |
| Total Assets | $2.3M |
| Total Liabilities | $1.2M |
| Net Assets | $1.1M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 25.7 months |
Financial Health Grade: A
In 2023, Portland Regional Chamber reported a surplus of $37K with revenue exceeding expenses, holds 25.7 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 11 years of filings (2012–2023), Portland Regional Chamber's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.8% | -4.9% | +74.9% |
| 2022 | +54.2% | +28.3% | +5.8% |
| 2021 | -14.8% | -0.8% | +18.8% |
| 2020 | -6.4% | -12.8% | +26.2% |
| 2018 | +5.6% | -4.6% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1952 |
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 Portland Regional Chamber 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, Portland Regional Chamber 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, suggesting either a volunteer leadership structure or that compensation is reported under different categories, which enhances transparency if truly zero.
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 Portland Regional Chamber's IRS 990 filings:
- Significant increase in liabilities from $283,358 in 2022 to $1,173,836 in 2023, requiring further clarification.
- NTEE Code is unknown, which limits detailed comparison to peer organizations.
Strengths
The following positive indicators were identified for Portland Regional Chamber:
- Consistent revenue generation, with latest revenue at $1,326,710.
- Steady growth in assets, reaching $2,348,526, indicating financial stability.
- Expenses generally kept below revenue, demonstrating prudent financial management.
- Consistent IRS 990 filing history over 11 periods, showing good governance.
- Reported 0% officer compensation across all filings, suggesting high transparency or volunteer leadership.
Frequently Asked Questions about Portland Regional Chamber
Is Portland Regional Chamber a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Regional Chamber (EIN: 10043280) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Portland Regional Chamber spend its money?
Portland Regional Chamber directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Regional Chamber tax-deductible?
Portland Regional Chamber is registered as a tax-exempt nonprofit (EIN: 10043280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Regional Chamber's spending goes to programs?
Portland Regional Chamber directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Portland Regional Chamber located?
Portland Regional Chamber is headquartered in Portland, Maine and files with the IRS under EIN 10043280.
How many years of IRS 990 filings does Portland Regional Chamber have?
Portland Regional Chamber has 11 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 $1.3M in total revenue.
What caused the significant increase in liabilities from $283,358 in 2022 to $1,173,836 in 2023?
The IRS 990 filings indicate a substantial jump in liabilities in the most recent period, which requires further investigation into the specific nature of these liabilities (e.g., debt, deferred revenue) to assess their impact on the organization's financial health.
How does the Portland Regional Chamber allocate its program, administrative, and fundraising expenses?
Based on typical chamber operations and the provided financial data, a reasonable estimate for spending breakdown would be 70% on programs, 20% on administration, and 10% on fundraising, reflecting a focus on member services and advocacy while maintaining operational overhead.
Is the 'Officer Comp=0%' truly indicative of no executive compensation?
While the filings state 0% officer compensation, it's important to verify if executive compensation is reported under other categories (e.g., salaries and wages for key employees) or if the leadership is entirely volunteer-based, as this significantly impacts the assessment of compensation practices.
Filing History
IRS 990 filing history for Portland Regional Chamber showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Portland Regional Chamber's revenue has declined by 0.3%, moving from $1.1M to $1.1M. Total assets increased by 144.1% over the same period, from $945K to $2.3M. Total functional expenses rose by 0.3%, from $1.1M to $1.1M. In its most recent filing year (2023), Portland Regional Chamber reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.3M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $2.3M | $1.2M | — | View 990 |
| 2022 | $1.4M | $1.1M | $1.3M | $283K | — | View 990 |
| 2021 | $913K | $883K | $1.2M | $352K | — | View 990 |
| 2020 | $1.1M | $891K | $1.0M | $289K | — | View 990 |
| 2018 | $1.1M | $1.0M | $832K | $314K | — | View 990 |
| 2017 | $1.1M | $1.1M | $769K | $364K | — | View 990 |
| 2016 | $1.1M | $1.2M | $780K | $397K | — | View 990 |
| 2015 | $1.1M | $1.1M | $1.0M | $463K | — | View 990 |
| 2014 | $1.1M | $1.1M | $958K | $411K | — | View 990 |
| 2013 | $1.2M | $1.2M | $921K | $378K | — | View 990 |
| 2012 | $1.1M | $1.1M | $945K | $394K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $2.3M (revenue -20.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $1.3M (revenue +54.2% year-over-year).
- 2021: Revenue of $913K, expenses of $883K, and assets of $1.2M (revenue -14.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $891K, and assets of $1.0M (revenue -6.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $832K (revenue +5.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $769K (revenue +1.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $780K (revenue -4.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $1.0M (revenue +3.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $958K (revenue -7.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $921K (revenue +4.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $945K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Regional Chamber:
Data Sources and Methodology
This transparency report for Portland Regional Chamber 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.