The Exeter Area Chamber Of Commerce
Exeter Area Chamber Of Commerce shows consistent revenue and expense levels with growing assets and liabilities over the past five years.
EIN: 20243506 · Exeter, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $303K |
| Program Spending | 70% |
| Net Assets | $225K |
| Transparency Score | 75/100 |
Is The Exeter 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 →
The Exeter Area Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Exeter Area Chamber Of Commerce
The Exeter Area Chamber Of Commerce (EIN: 20243506) is a nonprofit organization based in Exeter, NH. The organization reported total revenue of $335K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Exeter Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Exeter Area Chamber Of Commerce is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $303K |
| Surplus / Deficit | $-11,013 |
| Total Assets | $442K |
| Total Liabilities | $217K |
| Net Assets | $225K |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 17.5 months |
Financial Health Grade: B
In 2024, The Exeter Area Chamber Of Commerce reported a deficit of $11K with expenses exceeding revenue, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Exeter Area Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.0% | +15.4% | +0.3% |
| 2023 | -4.7% | +5.0% | +8.8% |
| 2022 | -15.3% | +5.8% | +21.2% |
| 2021 | +57.1% | +16.2% | +59.4% |
| 2020 | -17.5% | -15.2% | +259.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1985 |
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 The Exeter Area Chamber Of Commerce 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, The Exeter Area Chamber Of Commerce 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 $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is a positive sign 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 The Exeter Area Chamber Of Commerce's IRS 990 filings:
- Significant increase in liabilities from $40,525 in 2019 to $216,853 in 2024, which warrants further investigation into their nature and repayment plan.
- NTEE code is unknown, which limits the ability to benchmark against similar organizations.
Strengths
The following positive indicators were identified for The Exeter Area Chamber Of Commerce:
- Consistent filing history over 14 periods, indicating good transparency and compliance.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for leadership or volunteer-led executive roles.
- Growing asset base, from $58,338 in 2019 to $441,981 in 2024, indicating financial growth and stability.
- Generally stable revenue and expense levels over the past decade, demonstrating consistent operational capacity.
Frequently Asked Questions about The Exeter Area Chamber Of Commerce
Is The Exeter Area Chamber Of Commerce a legitimate charity?
The Exeter Area Chamber Of Commerce (EIN: 20243506) 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: $335K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Exeter Area Chamber Of Commerce spend its money?
The Exeter Area Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Exeter Area Chamber Of Commerce tax-deductible?
The Exeter Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20243506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Exeter Area Chamber Of Commerce's spending goes to programs?
The Exeter Area Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Exeter Area Chamber Of Commerce located?
The Exeter Area Chamber Of Commerce is headquartered in Exeter, New Hampshire and files with the IRS under EIN 20243506.
How many years of IRS 990 filings does The Exeter Area Chamber Of Commerce have?
The Exeter Area Chamber Of Commerce 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 $335K in total revenue.
Is The Exeter Area Chamber Of Commerce a good charity?
As a Chamber of Commerce, its primary mission is to serve its business members and the local community, rather than operate as a traditional charity. Its financial health appears stable, with consistent operations and growing assets.
Why are assets increasing significantly while liabilities also rise?
Assets have grown from $58,338 in 2019 to $441,981 in 2024, while liabilities increased from $40,525 to $216,853 in the same period. This could indicate investments in property, equipment, or other long-term assets, potentially financed by debt or deferred revenue.
What is the organization's primary program spending focus?
Without detailed program service expense breakdowns from the 990, it's assumed that the majority of spending goes towards member services, community events, and local business advocacy, typical for a Chamber of Commerce.
Filing History
IRS 990 filing history for The Exeter Area Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Exeter Area Chamber Of Commerce's revenue has declined by 3.3%, moving from $302K to $292K. Total assets increased by 987.2% over the same period, from $41K to $442K. Total functional expenses fell by 2%, from $309K to $303K. In its most recent filing year (2024), The Exeter Area Chamber Of Commerce reported a deficit of $11K, with expenses exceeding revenue. The organization holds $217K in liabilities against $442K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $225K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $292K | $303K | $442K | $217K | — | — |
| 2023 | $283K | $262K | $441K | $205K | — | View 990 |
| 2022 | $297K | $250K | $405K | $190K | — | View 990 |
| 2021 | $351K | $236K | $334K | $182K | — | View 990 |
| 2020 | $223K | $203K | $210K | $172K | — | View 990 |
| 2019 | $271K | $240K | $58K | $41K | — | View 990 |
| 2018 | $232K | $240K | $27K | $40K | — | View 990 |
| 2017 | $266K | $294K | $36K | $40K | — | — |
| 2016 | $307K | $309K | $70K | $46K | — | View 990 |
| 2015 | $294K | $280K | $71K | $44K | — | View 990 |
| 2014 | $306K | $286K | $56K | $43K | — | View 990 |
| 2013 | $241K | $271K | $15K | $22K | — | View 990 |
| 2012 | $288K | $302K | $28K | $5K | — | View 990 |
| 2011 | $302K | $309K | $41K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $292K, expenses of $303K, and assets of $442K (revenue +3.0% year-over-year).
- 2023: Revenue of $283K, expenses of $262K, and assets of $441K (revenue -4.7% year-over-year).
- 2022: Revenue of $297K, expenses of $250K, and assets of $405K (revenue -15.3% year-over-year).
- 2021: Revenue of $351K, expenses of $236K, and assets of $334K (revenue +57.1% year-over-year).
- 2020: Revenue of $223K, expenses of $203K, and assets of $210K (revenue -17.5% year-over-year).
- 2019: Revenue of $271K, expenses of $240K, and assets of $58K (revenue +16.7% year-over-year).
- 2018: Revenue of $232K, expenses of $240K, and assets of $27K (revenue -12.7% year-over-year).
- 2017: Revenue of $266K, expenses of $294K, and assets of $36K (revenue -13.5% year-over-year).
- 2016: Revenue of $307K, expenses of $309K, and assets of $70K (revenue +4.6% year-over-year).
- 2015: Revenue of $294K, expenses of $280K, and assets of $71K (revenue -3.9% year-over-year).
- 2014: Revenue of $306K, expenses of $286K, and assets of $56K (revenue +27.1% year-over-year).
- 2013: Revenue of $241K, expenses of $271K, and assets of $15K (revenue -16.2% year-over-year).
- 2012: Revenue of $288K, expenses of $302K, and assets of $28K (revenue -4.7% year-over-year).
- 2011: Revenue of $302K, expenses of $309K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Exeter Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for The Exeter 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.