Is Boothbay Railway Village Legit?

Quick charity verification for Boothbay Railway Village (EIN: 10372829)

Verdict: Boothbay Railway Village appears trustworthy

85/100Mission Score

$1.1MRevenue

$2.1MAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Consistent revenue generation, exceeding $1 million in recent years (e.g., $1,020,284 in 2023).
Healthy asset growth, increasing from $1,183,787 in 2020 to $1,827,419 in 2023.
Very low liabilities relative to assets (e.g., $23,856 liabilities vs. $1,827,419 assets in 2023).
0% reported officer compensation across all available filings, indicating strong financial stewardship.
Expenses generally kept below revenue, leading to surpluses and asset accumulation (e.g., 2023 revenue $1,020,284 vs. expenses $916,883).

Spending Breakdown

How Boothbay Railway Village allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Boothbay Railway Village

Is Boothbay Railway Village a legitimate charity?

Based on AI analysis of IRS 990 filings, Boothbay Railway Village (EIN: 10372829) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

Is Boothbay Railway Village a good charity to donate to?

Boothbay Railway Village has a Mission Score of 85/100. Revenue: $1.1M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boothbay Railway Village?

The Employer Identification Number (EIN) for Boothbay Railway Village is 10372829. 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 Boothbay Railway Village spend its money?

Boothbay Railway Village allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boothbay Railway Village's tax-exempt status?

You can verify Boothbay Railway Village's tax-exempt status using EIN 10372829 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

Boothbay Railway Village demonstrates a generally stable financial position with consistent revenue streams, averaging over $800,000 annually in recent years. The organization has shown a healthy trend of expenses being less than revenue in most recent periods, such as in 2023 where revenue was $1,020,284 against expenses of $916,883, contributing to asset growth. Their assets have steadily increased from $1,183,787 in 2020 to $1,827,419 in 2023, indicating sound financial management and accumulation of resources.

The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This suggests that the leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health appears robust, with a strong asset base relative to liabilities, which were only $23,856 in 2023.

Spending efficiency appears reasonable, with expenses generally staying below revenue, allowing for asset growth. For instance, in 2021, revenue was $1,343,965 while expenses were $879,629, demonstrating a significant surplus. The organization's ability to manage its finances effectively, maintain a low liability profile, and report no officer compensation contributes to a positive assessment of its financial health and transparency.

View Full Transparency Report →

Disclaimer

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