Skowhegan Area Chamber Of Commerce
Skowhegan Area Chamber Of Commerce shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10159992 · Skowhegan, ME · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $117K |
| Program Spending | 80% |
| Net Assets | $78K |
| Transparency Score | 85/100 |
Is Skowhegan Area 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 →
Skowhegan Area Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skowhegan Area Chamber Of Commerce
Skowhegan Area Chamber Of Commerce (EIN: 10159992) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code S41. The organization reported total revenue of $182K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skowhegan Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skowhegan Area Chamber Of Commerce is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $117K |
| Surplus / Deficit | +$21K |
| Total Assets | $139K |
| Total Liabilities | $61K |
| Net Assets | $78K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, Skowhegan Area Chamber Of Commerce reported a surplus of $21K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2010–2023), Skowhegan Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | +99.5% | +17.7% |
| 2022 | -0.1% | -65.2% | +253.0% |
| 2021 | +26.3% | +11.9% | -36.3% |
| 2020 | +55.5% | +106.6% | +5242600.0% |
| 2019 | -11.7% | -15.8% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1999 |
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 Skowhegan Area 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, Skowhegan Area 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 surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 Skowhegan Area Chamber Of Commerce's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes precise efficiency analysis difficult.
- Fluctuating liabilities, particularly the $60,600 in 2023, warrant further scrutiny.
Strengths
The following positive indicators were identified for Skowhegan Area Chamber Of Commerce:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Positive net income in recent years (e.g., $20,792 in 2023, $84,519 in 2022) demonstrating financial stability.
- Growing asset base from $33,403 in 2021 to $138,814 in 2023, enhancing long-term capacity.
- Stable revenue streams over the past few years, indicating consistent support.
Frequently Asked Questions about Skowhegan Area Chamber Of Commerce
Is Skowhegan Area Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Skowhegan Area Chamber Of Commerce (EIN: 10159992) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Skowhegan Area Chamber Of Commerce spend its money?
Skowhegan Area Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skowhegan Area Chamber Of Commerce tax-deductible?
Skowhegan Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10159992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Skowhegan Area Chamber Of Commerce's spending goes to programs?
Skowhegan Area Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skowhegan Area Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Skowhegan Area Chamber Of Commerce is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skowhegan Area Chamber Of Commerce located?
Skowhegan Area Chamber Of Commerce is headquartered in Skowhegan, Maine and files with the IRS under EIN 10159992. It is classified under NTEE code S41.
How many years of IRS 990 filings does Skowhegan Area Chamber Of Commerce have?
Skowhegan Area 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 $182K in total revenue.
What is the nature of the liabilities reported in 2023 ($60,600) and 2022 ($60,500)?
The provided data does not specify the nature of these liabilities. Further investigation into the full IRS 990 forms would be required to understand if they are program-related, operational debts, or other obligations.
How does the organization allocate its expenses between program services, administration, and fundraising?
The summary data does not provide a detailed breakdown of expenses. While the overall expense figures are available, a granular view of spending categories would require reviewing the full IRS 990 forms.
What is the primary source of the organization's revenue?
The provided data only shows total revenue. To understand the primary sources (e.g., membership dues, grants, events), the full IRS 990 filings would need to be consulted.
Filing History
IRS 990 filing history for Skowhegan Area Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Skowhegan Area Chamber Of Commerce's revenue has grown by 154.1%, moving from $54K to $138K. Total assets increased by 391.9% over the same period, from $28K to $139K. Total functional expenses rose by 110%, from $56K to $117K. In its most recent filing year (2023), Skowhegan Area Chamber Of Commerce reported a surplus of $21K, with revenue exceeding expenses. The organization holds $61K in liabilities against $139K in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $138K | $117K | $139K | $61K | — | — |
| 2022 | $143K | $59K | $118K | $61K | — | — |
| 2021 | $143K | $169K | $33K | $0 | — | View 990 |
| 2020 | $113K | $151K | $52K | $62K | — | View 990 |
| 2019 | $73K | $73K | $1 | $0 | — | View 990 |
| 2018 | $83K | $87K | $10K | $823 | — | View 990 |
| 2017 | $74K | $88K | $17K | $3K | — | View 990 |
| 2016 | $65K | $54K | $29K | $2K | — | View 990 |
| 2015 | $56K | $56K | $19K | $3K | — | — |
| 2014 | $84K | $116K | $18K | $3K | — | View 990 |
| 2013 | $85K | $72K | $51K | $4K | — | View 990 |
| 2011 | $51K | $49K | $29K | $6K | — | View 990 |
| 2010 | $54K | $56K | $28K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138K, expenses of $117K, and assets of $139K (revenue -3.7% year-over-year).
- 2022: Revenue of $143K, expenses of $59K, and assets of $118K (revenue -0.1% year-over-year).
- 2021: Revenue of $143K, expenses of $169K, and assets of $33K (revenue +26.3% year-over-year).
- 2020: Revenue of $113K, expenses of $151K, and assets of $52K (revenue +55.5% year-over-year).
- 2019: Revenue of $73K, expenses of $73K, and assets of $1 (revenue -11.7% year-over-year).
- 2018: Revenue of $83K, expenses of $87K, and assets of $10K (revenue +11.6% year-over-year).
- 2017: Revenue of $74K, expenses of $88K, and assets of $17K (revenue +14.8% year-over-year).
- 2016: Revenue of $65K, expenses of $54K, and assets of $29K (revenue +15.1% year-over-year).
- 2015: Revenue of $56K, expenses of $56K, and assets of $19K (revenue -33.5% year-over-year).
- 2014: Revenue of $84K, expenses of $116K, and assets of $18K (revenue -1.0% year-over-year).
- 2013: Revenue of $85K, expenses of $72K, and assets of $51K (revenue +66.6% year-over-year).
- 2011: Revenue of $51K, expenses of $49K, and assets of $29K (revenue -5.8% year-over-year).
- 2010: Revenue of $54K, expenses of $56K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skowhegan Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Skowhegan Area 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.