Rangeley Lakes Region Chamber Of Commerce
Rangeley Lakes Region Chamber Of Commerce maintains stable operations with consistent revenue and no reported officer compensation.
EIN: 10237491 · Rangeley, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $192K |
| Program Spending | 80% |
| Net Assets | $104K |
| Transparency Score | 85/100 |
Is Rangeley Lakes Region 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 →
Rangeley Lakes Region Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rangeley Lakes Region Chamber Of Commerce
Rangeley Lakes Region Chamber Of Commerce (EIN: 10237491) is a nonprofit organization based in Rangeley, ME. The organization reported total revenue of $158K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rangeley Lakes Region Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rangeley Lakes Region Chamber Of Commerce is a small nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $192K |
| Surplus / Deficit | $-31,984 |
| Total Assets | $111K |
| Total Liabilities | $7K |
| Net Assets | $104K |
| Operating Margin | -20.0% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2023, Rangeley Lakes Region Chamber Of Commerce reported a deficit of $32K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rangeley Lakes Region Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +16.1% | -23.3% |
| 2022 | -9.7% | +21.9% | -3.0% |
| 2021 | +11.3% | -4.6% | +9.3% |
| 2020 | -2.5% | -8.2% | -3.9% |
| 2019 | -4.0% | -15.0% | -28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1957 |
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 Rangeley Lakes Region 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Rangeley Lakes Region Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated at levels not requiring disclosure as officer pay, which is a strong positive for financial transparency and efficiency.
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 Rangeley Lakes Region Chamber Of Commerce's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down reserves (e.g., 2023: Expenses $192,224 vs. Revenue $160,240)
- NTEE Code is unknown, which limits understanding of its specific programmatic focus.
Strengths
The following positive indicators were identified for Rangeley Lakes Region Chamber Of Commerce:
- Consistent IRS 990 filing history (13 filings) demonstrates strong transparency.
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Stable revenue generation over a decade, typically between $150,000 and $200,000.
- Maintains a healthy level of assets relative to its annual operating budget.
Frequently Asked Questions about Rangeley Lakes Region Chamber Of Commerce
Is Rangeley Lakes Region Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Rangeley Lakes Region Chamber Of Commerce (EIN: 10237491) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Rangeley Lakes Region Chamber Of Commerce spend its money?
Rangeley Lakes Region Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rangeley Lakes Region Chamber Of Commerce tax-deductible?
Rangeley Lakes Region Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10237491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rangeley Lakes Region Chamber Of Commerce's spending goes to programs?
Rangeley Lakes Region Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rangeley Lakes Region Chamber Of Commerce located?
Rangeley Lakes Region Chamber Of Commerce is headquartered in Rangeley, Maine and files with the IRS under EIN 10237491.
How many years of IRS 990 filings does Rangeley Lakes Region Chamber Of Commerce have?
Rangeley Lakes Region 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 $158K in total revenue.
Is Rangeley Lakes Region Chamber Of Commerce a good charity?
As a Chamber of Commerce, its primary mission is typically economic development and community promotion, not direct charitable aid. Based on its consistent financial filings and 0% officer compensation, it appears to be a well-managed organization fulfilling its specific mission effectively.
How does the organization's spending compare to its revenue?
The organization's expenses often closely match or slightly exceed its revenue, as seen in 2023 where expenses were $192,224 against revenue of $160,240. This suggests a lean operational model, though it has led to some asset fluctuation over time.
What is the trend in the organization's assets?
Assets have fluctuated over the past decade, peaking at $233,058 in 2017 and decreasing to $110,750 in 2023. While there has been a decline from its peak, the current asset level remains substantial relative to its annual revenue.
Filing History
IRS 990 filing history for Rangeley Lakes Region Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rangeley Lakes Region Chamber Of Commerce's revenue has declined by 6.7%, moving from $172K to $160K. Total assets decreased by 0.5% over the same period, from $111K to $111K. Total functional expenses rose by 15.5%, from $166K to $192K. In its most recent filing year (2023), Rangeley Lakes Region Chamber Of Commerce reported a deficit of $32K, with expenses exceeding revenue. The organization holds $7K in liabilities against $111K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $104K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $192K | $111K | $7K | — | — |
| 2022 | $156K | $166K | $144K | $10K | — | View 990 |
| 2021 | $173K | $136K | $149K | $3K | — | View 990 |
| 2020 | $155K | $142K | $136K | $27K | — | — |
| 2019 | $159K | $155K | $142K | $45K | — | View 990 |
| 2018 | $166K | $183K | $199K | $26K | — | View 990 |
| 2017 | $175K | $162K | $233K | $44K | — | View 990 |
| 2016 | $184K | $177K | $225K | $48K | — | View 990 |
| 2015 | $204K | $187K | $209K | $40K | — | View 990 |
| 2014 | $178K | $169K | $153K | $42K | — | View 990 |
| 2013 | $200K | $176K | $146K | $44K | — | View 990 |
| 2012 | $179K | $181K | $107K | $46K | — | View 990 |
| 2011 | $172K | $166K | $111K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $192K, and assets of $111K (revenue +2.7% year-over-year).
- 2022: Revenue of $156K, expenses of $166K, and assets of $144K (revenue -9.7% year-over-year).
- 2021: Revenue of $173K, expenses of $136K, and assets of $149K (revenue +11.3% year-over-year).
- 2020: Revenue of $155K, expenses of $142K, and assets of $136K (revenue -2.5% year-over-year).
- 2019: Revenue of $159K, expenses of $155K, and assets of $142K (revenue -4.0% year-over-year).
- 2018: Revenue of $166K, expenses of $183K, and assets of $199K (revenue -5.2% year-over-year).
- 2017: Revenue of $175K, expenses of $162K, and assets of $233K (revenue -5.1% year-over-year).
- 2016: Revenue of $184K, expenses of $177K, and assets of $225K (revenue -9.6% year-over-year).
- 2015: Revenue of $204K, expenses of $187K, and assets of $209K (revenue +14.6% year-over-year).
- 2014: Revenue of $178K, expenses of $169K, and assets of $153K (revenue -10.8% year-over-year).
- 2013: Revenue of $200K, expenses of $176K, and assets of $146K (revenue +11.8% year-over-year).
- 2012: Revenue of $179K, expenses of $181K, and assets of $107K (revenue +4.0% year-over-year).
- 2011: Revenue of $172K, expenses of $166K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rangeley Lakes Region Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Rangeley Lakes Region 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.