Quick charity verification for Georges Mills Boat Club (EIN: 20440331)
Verdict: Georges Mills Boat Club appears trustworthy
88/100Mission Score
$95KRevenue
$237KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $44,976 in 2014 to $84,126 in 2023.
Strong asset accumulation, growing from $113,082 in 2014 to $193,030 in 2023.
Zero reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
Very low liabilities, with $4,021 in 2023, suggesting strong financial management and minimal debt.
Consistent surpluses in most years, contributing to asset growth and financial stability.
Spending Breakdown
How Georges Mills Boat Club 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 Georges Mills Boat Club
Is Georges Mills Boat Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Georges Mills Boat Club (EIN: 20440331) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
Is Georges Mills Boat Club a good charity to donate to?
Georges Mills Boat Club has a Mission Score of 88/100. Revenue: $95K. Assets: $237K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Georges Mills Boat Club?
The Employer Identification Number (EIN) for Georges Mills Boat Club is 20440331. 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 Georges Mills Boat Club spend its money?
Georges Mills Boat Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Georges Mills Boat Club's tax-exempt status?
You can verify Georges Mills Boat Club's tax-exempt status using EIN 20440331 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 Georges Mills Boat Club demonstrates consistent financial health with a steady increase in revenue and assets over the past several years. In 2023, the organization reported revenues of $84,126 against expenses of $66,995, resulting in a surplus that contributed to its growing asset base of $193,030. The club's liabilities remain very low, at $4,021 in 2023, indicating strong financial management and minimal debt risk. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds.
The organization's spending efficiency appears strong, particularly given the lack of reported officer compensation. While a detailed functional expense breakdown (programs, admin, fundraising) is not explicitly provided in the summary data, the consistent surpluses and low liabilities suggest that the majority of expenses are likely directed towards the club's operational activities and mission. The club's financial stability is further underscored by its ability to maintain positive net assets, which have grown from $113,082 in 2014 to $193,030 in 2023.
Transparency is generally good, with a consistent history of IRS 990 filings. The absence of officer compensation is a key transparency point, indicating that leadership is not drawing salaries from the organization's funds. To further enhance transparency, a more detailed breakdown of program versus administrative expenses would be beneficial, though for an organization of this size and nature, the current level of detail is acceptable.