Is Association Of Marina Industries Legit?

Quick charity verification for Association Of Marina Industries (EIN: 161710160)

Verdict: Association Of Marina Industries appears trustworthy

75/100Mission Score

$1.8MRevenue

$3.0MAssets

2Red Flags

4Strengths

Red Flags

Lack of detailed functional expense breakdown in provided data
Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensated under other categories

Strengths

Consistent revenue growth, from $1,242,308 in 2019 to $1,593,138 in 2023
Strong asset growth, reaching $2,964,562, indicating financial stability
Consistent operating surpluses, with revenues exceeding expenses in most recent periods (e.g., $1,593,138 revenue vs. $1,309,429 expenses in 2023)
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance

Spending Breakdown

How Association Of Marina Industries allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Association Of Marina Industries

Is Association Of Marina Industries a legitimate charity?

Based on AI analysis of IRS 990 filings, Association Of Marina Industries (EIN: 161710160) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Association Of Marina Industries a good charity to donate to?

Association Of Marina Industries has a Mission Score of 75/100. Revenue: $1.8M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Association Of Marina Industries?

The Employer Identification Number (EIN) for Association Of Marina Industries is 161710160. 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 Association Of Marina Industries spend its money?

Association Of Marina Industries allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Association Of Marina Industries's tax-exempt status?

You can verify Association Of Marina Industries's tax-exempt status using EIN 161710160 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 Association Of Marina Industries demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past five years, revenue has shown a significant upward trend, increasing from $1,242,308 in 2019 to $1,593,138 in 2023, with a notable jump to $1,756,230 in the latest reported period. Assets have also steadily grown, reaching $2,964,562, indicating good financial management and accumulation of resources. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most recent periods, such as $1,593,138 in revenue against $1,309,429 in expenses in 2023.

Regarding spending efficiency, the provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses, which limits a precise assessment. However, the consistent surpluses suggest that the organization is managing its overall expenses effectively relative to its income. The absence of reported officer compensation across all filings indicates a potential for high efficiency in this area or that compensation is reported differently, which warrants further investigation for complete transparency. The organization's NTEE code S46 (Business & Commerce Organizations) suggests its primary activities are likely related to industry support and advocacy, which often have different spending profiles than direct service charities.

Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The clear growth in assets and revenue, along with the consistent reporting of liabilities, provides a solid foundation for understanding the organization's financial standing. However, without a detailed functional expense breakdown, it's challenging to fully assess the proportion of funds directly allocated to program services versus overhead. The lack of reported officer compensation, while potentially positive, could also be a point for further inquiry to ensure full disclosure of all significant financial flows.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.