The Wolfeboro Chamber Of Commerce
Wolfeboro Chamber of Commerce maintains stable finances with growing assets and no reported officer compensation.
EIN: 20227035 · Wolfeboro, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $107K |
| Program Spending | 70% |
| Net Assets | $56K |
| Transparency Score | 80/100 |
Is The Wolfeboro 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 Wolfeboro Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Wolfeboro Chamber Of Commerce
The Wolfeboro Chamber Of Commerce (EIN: 20227035) is a nonprofit organization based in Wolfeboro, NH. The organization reported total revenue of $120K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wolfeboro Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wolfeboro Chamber Of Commerce is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $107K |
| Surplus / Deficit | +$14K |
| Total Assets | $58K |
| Total Liabilities | $2K |
| Net Assets | $56K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, The Wolfeboro Chamber Of Commerce reported a surplus of $14K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Wolfeboro Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | -0.2% | +33.6% |
| 2022 | -21.6% | +7.3% | -9.7% |
| 2021 | +29.1% | -2.7% | +186.5% |
| 2020 | -7.1% | -3.0% | -4.7% |
| 2019 | -0.9% | -3.9% | +27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1988 |
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 Wolfeboro Chamber Of Commerce with a Mission Score of 80 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Wolfeboro 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through non-officer roles, which is a positive indicator 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 Wolfeboro Chamber Of Commerce's IRS 990 filings:
- NTEE Code Unknown: Lack of a specific NTEE code makes it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for The Wolfeboro Chamber Of Commerce:
- Consistent Financial Filings: A long history of 13 IRS 990 filings demonstrates good transparency and compliance.
- No Officer Compensation: Consistently reporting 0% officer compensation across all filings is a strong positive for resource allocation.
- Growing Assets: Assets have increased from $16,866 in 2020 to $58,304 in 2023, indicating improved financial health.
- Stable Revenue Stream: Annual revenues have been consistently around $100,000-$130,000 over the past decade, showing a reliable funding base.
Frequently Asked Questions about The Wolfeboro Chamber Of Commerce
Is The Wolfeboro Chamber Of Commerce a legitimate charity?
The Wolfeboro Chamber Of Commerce (EIN: 20227035) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $120K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Wolfeboro Chamber Of Commerce spend its money?
The Wolfeboro 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 Wolfeboro Chamber Of Commerce tax-deductible?
The Wolfeboro Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20227035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Wolfeboro Chamber Of Commerce's spending goes to programs?
The Wolfeboro Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Wolfeboro Chamber Of Commerce located?
The Wolfeboro Chamber Of Commerce is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20227035.
How many years of IRS 990 filings does The Wolfeboro Chamber Of Commerce have?
The Wolfeboro 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 $120K in total revenue.
Is The Wolfeboro Chamber Of Commerce financially stable?
Yes, the organization appears financially stable. Its assets have grown significantly from $16,866 in 2020 to $58,304 in 2023, and revenues generally exceed or closely match expenses, as seen in the 202312 period with $120,800 in revenue against $106,598 in expenses.
How does The Wolfeboro Chamber Of Commerce spend its money?
While a detailed functional expense breakdown isn't provided in the summary, as a chamber of commerce, its spending would primarily focus on promoting local businesses, tourism, and community events. The consistent operational expenses suggest ongoing activities in these areas.
Does The Wolfeboro Chamber Of Commerce pay its executives?
According to all available IRS 990 filings, The Wolfeboro Chamber Of Commerce reports 0% officer compensation, indicating that its officers are not compensated or are compensated in a manner not classified as officer compensation.
Filing History
IRS 990 filing history for The Wolfeboro Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Wolfeboro Chamber Of Commerce's revenue has grown by 40.2%, moving from $86K to $121K. Total assets increased by 347.2% over the same period, from $13K to $58K. Total functional expenses fell by 7.4%, from $115K to $107K. In its most recent filing year (2023), The Wolfeboro Chamber Of Commerce reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $58K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $107K | $58K | $2K | — | — |
| 2022 | $102K | $107K | $44K | $2K | — | View 990 |
| 2021 | $131K | $100K | $48K | $2K | — | View 990 |
| 2020 | $101K | $102K | $17K | $2K | — | — |
| 2019 | $109K | $105K | $18K | $1K | — | View 990 |
| 2018 | $110K | $110K | $14K | $951 | — | View 990 |
| 2017 | $114K | $115K | $14K | $997 | — | — |
| 2016 | $124K | $118K | $16K | $2K | — | View 990 |
| 2015 | $123K | $123K | $27K | $525 | — | View 990 |
| 2014 | $144K | $127K | $27K | $733 | — | View 990 |
| 2013 | $135K | $133K | $16K | $6K | — | View 990 |
| 2012 | $111K | $112K | $10K | $1K | — | View 990 |
| 2011 | $86K | $115K | $13K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $107K, and assets of $58K (revenue +18.0% year-over-year).
- 2022: Revenue of $102K, expenses of $107K, and assets of $44K (revenue -21.6% year-over-year).
- 2021: Revenue of $131K, expenses of $100K, and assets of $48K (revenue +29.1% year-over-year).
- 2020: Revenue of $101K, expenses of $102K, and assets of $17K (revenue -7.1% year-over-year).
- 2019: Revenue of $109K, expenses of $105K, and assets of $18K (revenue -0.9% year-over-year).
- 2018: Revenue of $110K, expenses of $110K, and assets of $14K (revenue -3.4% year-over-year).
- 2017: Revenue of $114K, expenses of $115K, and assets of $14K (revenue -8.1% year-over-year).
- 2016: Revenue of $124K, expenses of $118K, and assets of $16K (revenue +0.6% year-over-year).
- 2015: Revenue of $123K, expenses of $123K, and assets of $27K (revenue -14.5% year-over-year).
- 2014: Revenue of $144K, expenses of $127K, and assets of $27K (revenue +7.0% year-over-year).
- 2013: Revenue of $135K, expenses of $133K, and assets of $16K (revenue +21.6% year-over-year).
- 2012: Revenue of $111K, expenses of $112K, and assets of $10K (revenue +28.4% year-over-year).
- 2011: Revenue of $86K, expenses of $115K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wolfeboro Chamber Of Commerce:
Data Sources and Methodology
This transparency report for The Wolfeboro 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.