AI Transparency Report
Boothbay Charities Classic demonstrates a consistent operational history with modest revenue fluctuations over the past eight years. The organization's financial health appears stable, maintaining positive assets and no reported liabilities across all filings, indicating responsible financial management. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a significant portion of funds, after administrative and fundraising costs, is likely directed towards its charitable mission. The organization's consistent filing of IRS Form 990s over an extended period reflects a commitment to transparency.
The organization's revenue has varied, peaking at $79,079 in 2014 and most recently reported at $97,878. Expenses have generally tracked revenue, with a notable instance in 2018 where expenses ($79,441) exceeded revenue ($69,160), resulting in a deficit for that period. However, the organization's asset base has remained positive, indicating it can absorb such fluctuations. The lack of executive compensation is a positive indicator for spending efficiency, as it means more funds are available for direct charitable activities or operational costs.