Portsmouth Chamber Of Commerce Inc
Portsmouth Chamber Of Commerce Inc operates with fluctuating annual deficits and no reported officer compensation.
EIN: 20179953 · Portsmouth, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $990K |
| Total Expenses | $1.0M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $108K |
| Transparency Score | 75/100 |
Is Portsmouth Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portsmouth Chamber Of Commerce Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Portsmouth Chamber Of Commerce Inc
Portsmouth Chamber Of Commerce Inc (EIN: 20179953) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $990K and total assets of $466K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portsmouth Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portsmouth Chamber Of Commerce Inc is a small nonprofit that has been operating for 61 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $990K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-34,976 |
| Total Assets | $466K |
| Total Liabilities | $358K |
| Net Assets | $108K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 76.8% |
| Months of Reserves | 5.5 months |
Financial Health Grade: C
In 2024, Portsmouth Chamber Of Commerce Inc reported a deficit of $35K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 76.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Portsmouth Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.4% | +31.0% | -30.9% |
| 2023 | -6.1% | +12.8% | +18.9% |
| 2022 | -6.5% | -10.1% | +4.3% |
| 2021 | +41.0% | +33.3% | +125.9% |
| 2020 | -25.2% | -26.2% | -14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1965 |
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 Portsmouth Chamber Of Commerce Inc with a Mission Score of 75 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, Portsmouth Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a notable aspect for an organization of its size with nearly $1 million in annual revenue.
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 Portsmouth Chamber Of Commerce Inc's IRS 990 filings:
- Recurring operating deficits in multiple years (e.g., 202406, 202306, 201806) where expenses exceeded revenue.
- Significant portion of assets are debt-financed, with liabilities at $357,960 against assets of $466,259 in 202406.
- NTEE code is unknown, making it difficult to benchmark financial performance against peer organizations.
Strengths
The following positive indicators were identified for Portsmouth Chamber Of Commerce Inc:
- Consistent and transparent IRS 990 filing history over 14 periods.
- Zero reported officer compensation across all filings, suggesting lean executive overhead.
- Demonstrated ability to generate substantial annual revenue, reaching $990,120 in 202406.
Frequently Asked Questions about Portsmouth Chamber Of Commerce Inc
Is Portsmouth Chamber Of Commerce Inc a legitimate charity?
Portsmouth Chamber Of Commerce Inc (EIN: 20179953) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $990K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Portsmouth Chamber Of Commerce Inc spend its money?
Portsmouth Chamber Of Commerce Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Portsmouth Chamber Of Commerce Inc tax-deductible?
Portsmouth Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 20179953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Portsmouth Chamber Of Commerce Inc CEO make?
Portsmouth Chamber Of Commerce Inc's highest-compensated officer earns $1 annually. The organization reported $990K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Portsmouth Chamber Of Commerce Inc's spending goes to programs?
Portsmouth Chamber Of Commerce Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Portsmouth Chamber Of Commerce Inc located?
Portsmouth Chamber Of Commerce Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20179953.
How many years of IRS 990 filings does Portsmouth Chamber Of Commerce Inc have?
Portsmouth Chamber Of Commerce Inc 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 $990K in total revenue.
Is Portsmouth Chamber Of Commerce Inc financially sustainable given its recurring operating deficits?
The organization has experienced several years where expenses exceeded revenue, such as in 202406 ($1,025,096 expenses vs. $990,120 revenue) and 202306 ($782,329 expenses vs. $725,749 revenue). While not every year shows a deficit, this pattern suggests a need for careful financial planning to ensure long-term sustainability.
How does the lack of officer compensation impact the organization's operations?
The consistent reporting of 0% officer compensation across all 14 filings suggests that executive leadership may be volunteer-based or compensated through non-officer roles. This could indicate a highly dedicated leadership team and potentially lower administrative overhead, but also raises questions about the sustainability of such a model for a growing organization.
What is the organization's net asset position?
In the latest filing (202406), the organization reported assets of $466,259 and liabilities of $357,960, resulting in net assets of $108,299. This indicates a positive but relatively modest financial cushion given its annual operating budget.
Filing History
IRS 990 filing history for Portsmouth Chamber Of Commerce Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Portsmouth Chamber Of Commerce Inc's revenue has grown by 62.3%, moving from $610K to $990K. Total assets increased by 171.8% over the same period, from $172K to $466K. Total functional expenses rose by 51.9%, from $675K to $1.0M. In its most recent filing year (2024), Portsmouth Chamber Of Commerce Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $358K in liabilities against $466K in assets (debt-to-asset ratio: 76.8%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $990K | $1.0M | $466K | $358K | — | View 990 |
| 2023 | $726K | $782K | $675K | $531K | — | View 990 |
| 2022 | $773K | $693K | $567K | $367K | — | View 990 |
| 2021 | $827K | $771K | $544K | $424K | — | — |
| 2020 | $587K | $579K | $241K | $177K | — | View 990 |
| 2019 | $785K | $784K | $282K | $226K | — | View 990 |
| 2018 | $614K | $624K | $319K | $263K | — | View 990 |
| 2017 | $805K | $761K | $275K | $210K | — | View 990 |
| 2016 | $747K | $0 | $0 | $0 | — | View 990 |
| 2015 | $728K | $756K | $267K | $247K | — | View 990 |
| 2014 | $697K | $698K | $205K | $158K | — | View 990 |
| 2013 | $713K | $662K | $278K | $230K | — | View 990 |
| 2012 | $753K | $653K | $185K | $187K | — | View 990 |
| 2011 | $610K | $675K | $172K | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $990K, expenses of $1.0M, and assets of $466K (revenue +36.4% year-over-year).
- 2023: Revenue of $726K, expenses of $782K, and assets of $675K (revenue -6.1% year-over-year).
- 2022: Revenue of $773K, expenses of $693K, and assets of $567K (revenue -6.5% year-over-year).
- 2021: Revenue of $827K, expenses of $771K, and assets of $544K (revenue +41.0% year-over-year).
- 2020: Revenue of $587K, expenses of $579K, and assets of $241K (revenue -25.2% year-over-year).
- 2019: Revenue of $785K, expenses of $784K, and assets of $282K (revenue +27.7% year-over-year).
- 2018: Revenue of $614K, expenses of $624K, and assets of $319K (revenue -23.7% year-over-year).
- 2017: Revenue of $805K, expenses of $761K, and assets of $275K (revenue +7.8% year-over-year).
- 2016: Revenue of $747K, expenses of $0, and assets of $0 (revenue +2.6% year-over-year).
- 2015: Revenue of $728K, expenses of $756K, and assets of $267K (revenue +4.5% year-over-year).
- 2014: Revenue of $697K, expenses of $698K, and assets of $205K (revenue -2.3% year-over-year).
- 2013: Revenue of $713K, expenses of $662K, and assets of $278K (revenue -5.3% year-over-year).
- 2012: Revenue of $753K, expenses of $653K, and assets of $185K (revenue +23.4% year-over-year).
- 2011: Revenue of $610K, expenses of $675K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portsmouth Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Portsmouth Chamber Of Commerce Inc 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.