Quick charity verification for American Boat And Yacht Council Inc (EIN: 131939929)
Verdict: American Boat And Yacht Council Inc appears trustworthy
92/100Mission Score
$3.7MRevenue
$1.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, nearly doubling from 2013 to 2022.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Generally operates with a financial surplus, demonstrating sound financial management.
Healthy asset base of $1,921,910 in 2022, providing financial stability.
Strong program spending ratio, estimated at 90% based on the absence of officer compensation and overall expense management.
Spending Breakdown
How American Boat And Yacht Council Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about American Boat And Yacht Council Inc
Is American Boat And Yacht Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Boat And Yacht Council Inc (EIN: 131939929) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is American Boat And Yacht Council Inc a good charity to donate to?
American Boat And Yacht Council Inc has a Mission Score of 92/100. Revenue: $3.7M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Boat And Yacht Council Inc?
The Employer Identification Number (EIN) for American Boat And Yacht Council Inc is 131939929. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does American Boat And Yacht Council Inc spend its money?
American Boat And Yacht Council Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Boat And Yacht Council Inc's tax-exempt status?
You can verify American Boat And Yacht Council Inc's tax-exempt status using EIN 131939929 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
American Boat And Yacht Council Inc (ABYC) demonstrates consistent financial growth, with revenue increasing from $1.85 million in 2013 to $3.58 million in 2022. The organization generally operates with a surplus, as seen in 2022 where revenue of $3,583,025 exceeded expenses of $3,469,893, indicating sound financial management. While assets have fluctuated, they remain substantial at $1,921,910 in 2022, providing a solid financial base. The organization's liabilities have also varied but are manageable relative to its assets.
ABYC's spending efficiency appears to be strong, with a significant portion of its expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice suggests a volunteer-led or very lean executive structure, which is highly commendable for a nonprofit of its size.
Overall, ABYC exhibits good financial health and a high degree of transparency, particularly concerning executive compensation. The consistent growth in revenue and generally positive operating margins suggest a well-managed organization capable of sustaining its operations and mission. The absence of reported officer compensation is a significant positive factor in its transparency and efficiency profile.