Mid-maine Chamber of Commerce
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Mid-maine Chamber of Commerce is a 501(c)(6) organization based in Waterville, Maine, registered in 1982, with $1,325,040 in FY2023 revenue. CharityIndex grades it B.
50 Elm St, Waterville, ME, 04901 EIN 01-0178800 Since 1982
Revenue (FY2023)
$1.3M
▲ 9.7% vs prior year
Expenses (FY2023)
$1.2M
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-maine Chamber of Commerce— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-maine Chamber of Commerce: 10 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-maine Chamber of Commerce— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-maine Chamber of Commerce: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 50 Elm St, Waterville, ME, 04901
- City
- Waterville
- State
- Maine
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $459K (FY2014) to $1.3M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $54KNet assets $1.0M
Operating margin
9.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$54K
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,325,040▲9.7% | $1,194,993▲3.9% | $1,043,844▲23.1% | $1,097,888▲13.7% | 990 |
| 2022 | $1,207,905▲54.1% | $1,149,775▲52.0% | $847,745▼4.9% | $965,635▲0.8% | 990 |
| 2021 | $783,807▲23.5% | $756,504▲22.5% | $891,049▲5.5% | $958,139▲5.0% | 990 |
| 2020 | $634,812▼6.1% | $617,346▼3.7% | $844,396▲7.3% | $912,876▲10.5% | 990 |
| 2019 | $675,808▼0.3% | $640,843▲3.7% | $786,647▲10.2% | $826,166▲9.2% | 990 |
| 2018 | $677,560▲13.4% | $617,827▲11.0% | $713,792▲5.3% | $756,439▲3.9% | 990 |
| 2017 | $597,326▲12.4% | $556,670▲7.7% | $677,980▲9.6% | $728,363▲13.2% | 990 |
| 2016 | $531,238▲1.8% | $516,721▲9.0% | $618,866▲4.1% | $643,335▲2.3% | 990 |
| 2015 | $522,089▲13.8% | $474,117▲15.1% | $594,650▲6.9% | $628,847▲9.2% | 990 |
| 2014 | $458,607 | $412,092 | $556,199 | $575,846 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $7,180 total
1 grant to Mid-maine Chamber of Commerce totaling $7,180, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| President & Trustees of Colby College | General support | 2018 | $7,180 |
Frequently asked questions
- Is Mid-maine Chamber of Commerce a legitimate nonprofit?
- Yes. Mid-maine Chamber of Commerce is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 01-0178800, based in Waterville, Maine.
- What is Mid-maine Chamber of Commerce's EIN?
- Mid-maine Chamber of Commerce's Employer Identification Number (EIN) is 01-0178800.
- How much revenue does Mid-maine Chamber of Commerce report?
- Mid-maine Chamber of Commerce reported $1,325,040 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mid-maine Chamber of Commerce have?
- CharityIndex grades Mid-maine Chamber of Commerce B, based on financial health (reserves and operating margin).
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Data for Mid-maine Chamber of Commerce (EIN 01-0178800) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.