Southern Midcoast Maine Chamber
Southern Midcoast Maine Chamber maintains stable operations with fluctuating annual surpluses and deficits, and no reported officer compensation.
EIN: 10486584 · Brunswick, ME · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $214K |
| Program Spending | 70% |
| Net Assets | $8K |
| Transparency Score | 75/100 |
Is Southern Midcoast Maine Chamber Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Midcoast Maine Chamber directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Southern Midcoast Maine Chamber
Southern Midcoast Maine Chamber (EIN: 10486584) is a nonprofit organization based in Brunswick, ME, classified under NTEE code S41. The organization reported total revenue of $317K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Midcoast Maine Chamber's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Midcoast Maine Chamber is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $214K |
| Surplus / Deficit | $-35,086 |
| Total Assets | $39K |
| Total Liabilities | $31K |
| Net Assets | $8K |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 79.3% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Southern Midcoast Maine Chamber reported a deficit of $35K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 79.3% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Southern Midcoast Maine Chamber's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +75.8% | -49.5% |
| 2022 | +10.4% | -5.3% | +50.3% |
| 2021 | -11.0% | -9.5% | -18.7% |
| 2020 | -25.6% | -25.8% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2020 |
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 Southern Midcoast Maine Chamber 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, Southern Midcoast Maine 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 deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five years of filings, indicating that executive leadership is not compensated through traditional officer salary structures, which can be viewed positively for resource allocation directly to mission-related activities.
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 Southern Midcoast Maine Chamber's IRS 990 filings:
- In 2023, expenses ($213,781) significantly exceeded revenue ($178,695), indicating an operational deficit for that period.
Strengths
The following positive indicators were identified for Southern Midcoast Maine Chamber:
- Consistent reporting of 0% officer compensation across all five filings, indicating efficient use of funds for leadership compensation.
- Generally stable financial position with assets typically exceeding liabilities.
- Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
Frequently Asked Questions about Southern Midcoast Maine Chamber
Is Southern Midcoast Maine Chamber a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Midcoast Maine Chamber (EIN: 10486584) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Southern Midcoast Maine Chamber spend its money?
Southern Midcoast Maine Chamber directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Midcoast Maine Chamber tax-deductible?
Southern Midcoast Maine Chamber is registered as a tax-exempt nonprofit (EIN: 10486584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southern Midcoast Maine Chamber's spending goes to programs?
Southern Midcoast Maine Chamber directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Southern Midcoast Maine Chamber compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southern Midcoast Maine Chamber 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 Southern Midcoast Maine Chamber located?
Southern Midcoast Maine Chamber is headquartered in Brunswick, Maine and files with the IRS under EIN 10486584. It is classified under NTEE code S41.
How many years of IRS 990 filings does Southern Midcoast Maine Chamber have?
Southern Midcoast Maine Chamber has 5 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 $317K in total revenue.
Is Southern Midcoast Maine Chamber a good charity?
Based on the available IRS 990 data, the Southern Midcoast Maine Chamber appears to be a financially stable organization that operates close to a break-even point. Its consistent reporting of 0% officer compensation suggests a strong commitment to minimizing administrative overhead in that specific area. The organization's mission, as a chamber of commerce (NTEE S41), typically involves supporting local businesses and economic development, which is a valuable community service. While specific program efficiency data isn't detailed, the overall financial health and compensation structure are positive indicators.
How has the organization's revenue trended over the last five years?
The organization's revenue has fluctuated over the last five years: $202,405 (2019), $150,494 (2020), $133,967 (2021), $147,850 (2022), and $178,695 (2023). There isn't a clear upward or downward trend, but rather year-to-year variations.
What is the organization's asset-to-liability ratio?
The asset-to-liability ratio varies by year. For example, in 2023, assets were $39,312 and liabilities were $31,155, resulting in a ratio of approximately 1.26:1. In 2022, assets were $77,769 and liabilities were $22,682, a ratio of approximately 3.43:1. This indicates that the organization generally has more assets than liabilities, though the margin can fluctuate.
Filing History
IRS 990 filing history for Southern Midcoast Maine Chamber showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Southern Midcoast Maine Chamber's revenue has declined by 11.7%, moving from $202K to $179K. Total assets decreased by 16.8% over the same period, from $47K to $39K. Total functional expenses rose by 11.7%, from $191K to $214K. In its most recent filing year (2023), Southern Midcoast Maine Chamber reported a deficit of $35K, with expenses exceeding revenue. The organization holds $31K in liabilities against $39K in assets (debt-to-asset ratio: 79.3%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $214K | $39K | $31K | — | — |
| 2022 | $148K | $122K | $78K | $23K | — | View 990 |
| 2021 | $134K | $128K | $52K | $23K | — | View 990 |
| 2020 | $150K | $142K | $64K | $40K | — | — |
| 2019 | $202K | $191K | $47K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $214K, and assets of $39K (revenue +20.9% year-over-year).
- 2022: Revenue of $148K, expenses of $122K, and assets of $78K (revenue +10.4% year-over-year).
- 2021: Revenue of $134K, expenses of $128K, and assets of $52K (revenue -11.0% year-over-year).
- 2020: Revenue of $150K, expenses of $142K, and assets of $64K (revenue -25.6% year-over-year).
- 2019: Revenue of $202K, expenses of $191K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Midcoast Maine Chamber:
Data Sources and Methodology
This transparency report for Southern Midcoast Maine 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.