Yorks Chamber Of Commerce
Yorks Chamber Of Commerce faces significant financial challenges with declining revenue and liabilities more than double its assets.
EIN: 10195310 · York, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $312K |
| Total Expenses | $287K |
| Program Spending | 70% |
| Net Assets | $-370,862 |
| Transparency Score | 45/100 |
Is Yorks Chamber Of Commerce Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yorks Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Yorks Chamber Of Commerce
Yorks Chamber Of Commerce (EIN: 10195310) is a nonprofit organization based in York, ME. The organization reported total revenue of $312K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yorks Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yorks Chamber Of Commerce is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $169K |
| Total Expenses | $287K |
| Surplus / Deficit | $-117,827 |
| Total Assets | $323K |
| Total Liabilities | $694K |
| Net Assets | $-370,862 |
| Operating Margin | -69.8% |
| Debt-to-Asset Ratio | 214.7% |
| Months of Reserves | 13.5 months |
Financial Health Grade: C
In 2023, Yorks Chamber Of Commerce reported a deficit of $118K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 214.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yorks Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | -1.9% | -9.4% |
| 2022 | -20.9% | +28.4% | -12.6% |
| 2021 | +15.8% | +5.8% | +14.0% |
| 2020 | -35.4% | -28.6% | -2.6% |
| 2019 | -1.7% | -6.7% | -43.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Yorks Chamber Of Commerce with a Mission Score of 45 out of 100 (Fair). 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, Yorks 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 deficit of $118K, with expenses exceeding revenue.
- Debt-to-asset ratio: 214.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or their compensation is not reported in this summary data, which is 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 Yorks Chamber Of Commerce's IRS 990 filings:
- Liabilities significantly exceed assets ($694,196 liabilities vs. $323,334 assets in 2023)
- Consistent operational deficits (expenses frequently exceed revenue)
- Declining revenue trend over the past several years
- Significant increase in liabilities over time
Strengths
The following positive indicators were identified for Yorks Chamber Of Commerce:
- Consistent IRS 990 filing history
- No reported officer compensation, suggesting volunteer leadership or efficient use of funds for executive roles
Frequently Asked Questions about Yorks Chamber Of Commerce
Is Yorks Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Yorks Chamber Of Commerce (EIN: 10195310) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Yorks Chamber Of Commerce spend its money?
Yorks Chamber Of Commerce directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yorks Chamber Of Commerce tax-deductible?
Yorks Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10195310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Yorks Chamber Of Commerce's spending goes to programs?
Yorks Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Yorks Chamber Of Commerce located?
Yorks Chamber Of Commerce is headquartered in York, Maine and files with the IRS under EIN 10195310.
How many years of IRS 990 filings does Yorks Chamber Of Commerce have?
Yorks 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 $312K in total revenue.
Is Yorks Chamber Of Commerce financially stable?
No, the organization shows signs of financial instability with liabilities ($694,196 in 2023) significantly exceeding assets ($323,334 in 2023) and consistent operational deficits.
What is the trend in the organization's revenue?
Revenue has been on a declining trend, dropping from $356,313 in 2016 to $168,887 in 2023.
How has the organization's debt changed over time?
Liabilities have increased substantially, from $370,427 in 2016 to $694,196 in 2023, indicating a growing debt burden.
Does the organization spend more than it earns?
Yes, in most recent years, expenses have exceeded revenue, leading to operational deficits (e.g., $286,714 expenses vs. $168,887 revenue in 2023).
Filing History
IRS 990 filing history for Yorks Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yorks Chamber Of Commerce's revenue has declined by 54.6%, moving from $372K to $169K. Total assets decreased by 35.2% over the same period, from $499K to $323K. Total functional expenses fell by 19.9%, from $358K to $287K. In its most recent filing year (2023), Yorks Chamber Of Commerce reported a deficit of $118K, with expenses exceeding revenue. The organization holds $694K in liabilities against $323K in assets (debt-to-asset ratio: 214.7%), resulting in net assets of $-370,862.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $169K | $287K | $323K | $694K | — | — |
| 2022 | $180K | $292K | $357K | $572K | — | View 990 |
| 2021 | $228K | $228K | $408K | $615K | — | View 990 |
| 2020 | $197K | $215K | $358K | $582K | — | View 990 |
| 2019 | $305K | $301K | $368K | $571K | — | View 990 |
| 2018 | $310K | $323K | $645K | $585K | — | View 990 |
| 2017 | $284K | $304K | $640K | $593K | — | View 990 |
| 2016 | $356K | $355K | $418K | $370K | — | View 990 |
| 2015 | $313K | $336K | $466K | $418K | — | View 990 |
| 2014 | $291K | $316K | $484K | $440K | — | View 990 |
| 2013 | $332K | $327K | $505K | $462K | — | View 990 |
| 2012 | $366K | $336K | $518K | $468K | — | View 990 |
| 2011 | $372K | $358K | $499K | $479K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $169K, expenses of $287K, and assets of $323K (revenue -6.3% year-over-year).
- 2022: Revenue of $180K, expenses of $292K, and assets of $357K (revenue -20.9% year-over-year).
- 2021: Revenue of $228K, expenses of $228K, and assets of $408K (revenue +15.8% year-over-year).
- 2020: Revenue of $197K, expenses of $215K, and assets of $358K (revenue -35.4% year-over-year).
- 2019: Revenue of $305K, expenses of $301K, and assets of $368K (revenue -1.7% year-over-year).
- 2018: Revenue of $310K, expenses of $323K, and assets of $645K (revenue +8.9% year-over-year).
- 2017: Revenue of $284K, expenses of $304K, and assets of $640K (revenue -20.2% year-over-year).
- 2016: Revenue of $356K, expenses of $355K, and assets of $418K (revenue +14.0% year-over-year).
- 2015: Revenue of $313K, expenses of $336K, and assets of $466K (revenue +7.5% year-over-year).
- 2014: Revenue of $291K, expenses of $316K, and assets of $484K (revenue -12.5% year-over-year).
- 2013: Revenue of $332K, expenses of $327K, and assets of $505K (revenue -9.2% year-over-year).
- 2012: Revenue of $366K, expenses of $336K, and assets of $518K (revenue -1.6% year-over-year).
- 2011: Revenue of $372K, expenses of $358K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yorks Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Yorks 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.