Is American Boat Builders & Repairers Association Inc Legit?
Quick charity verification for American Boat Builders & Repairers Association Inc (EIN: 136162913)
Verdict: American Boat Builders & Repairers Association Inc appears trustworthy
85/100Mission Score
$131KRevenue
$84KAssets
1Red Flags
4Strengths
Red Flags
Occasional operating deficits in prior years (e.g., 2019, 2017, 2015, 2014) indicate periods of spending exceeding revenue.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds and volunteer leadership.
Recent positive financial growth with increasing revenue and assets from 2021 to 2023.
Consistent filing of IRS Form 990s, demonstrating transparency and accountability.
Healthy asset growth, with assets reaching $100,380 in 2023 from $36,692 in 2021.
Spending Breakdown
How American Boat Builders & Repairers Association Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Builders & Repairers Association Inc
Is American Boat Builders & Repairers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Boat Builders & Repairers Association Inc (EIN: 136162913) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is American Boat Builders & Repairers Association Inc a good charity to donate to?
American Boat Builders & Repairers Association Inc has a Mission Score of 85/100. Revenue: $131K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Boat Builders & Repairers Association Inc?
The Employer Identification Number (EIN) for American Boat Builders & Repairers Association Inc is 136162913. 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 Builders & Repairers Association Inc spend its money?
American Boat Builders & Repairers Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Boat Builders & Repairers Association Inc's tax-exempt status?
You can verify American Boat Builders & Repairers Association Inc's tax-exempt status using EIN 136162913 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
The American Boat Builders & Repairers Association Inc (ABBRA) demonstrates a generally stable financial position, with recent growth in revenue and assets. In 2023, the organization reported revenues of $167,968 against expenses of $147,860, resulting in a surplus. This positive trend follows a period of fluctuating revenues and occasional deficits, such as in 2019 and 2017. The organization's assets have grown from $36,692 in 2021 to $100,380 in 2023, indicating improved financial health and capacity.
ABBRA's spending efficiency appears reasonable for a professional association, focusing on its mission without significant overhead. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which is a strong indicator of financial prudence and dedication to mission. While specific program spending breakdowns are not provided in the summary data, the overall expense levels relative to revenue suggest that most funds are directed towards operational activities supporting its members.
Transparency is high regarding executive compensation, with no reported officer compensation. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to public accountability. The organization's financial growth in recent years, coupled with its lean operational structure, positions it as a financially sound entity within its sector.