Quick charity verification for Island Marina Association (EIN: 20417490)
Verdict: Island Marina Association appears trustworthy
95/100Mission Score
$223KRevenue
$372KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $152,303 in 2013 to $218,251 in 2023.
Strong asset growth, nearly doubling from $148,874 in 2013 to $293,334 in 2023.
Zero reported liabilities across all filings, indicating a debt-free and financially stable organization.
0% officer compensation reported, suggesting high operational efficiency and volunteer leadership.
Consistent operating surplus in recent years, demonstrating sound financial management (e.g., $218,251 revenue vs. $155,202 expenses in 2023).
Spending Breakdown
How Island Marina Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Island Marina Association
Is Island Marina Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Marina Association (EIN: 20417490) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Island Marina Association a good charity to donate to?
Island Marina Association has a Mission Score of 95/100. Revenue: $223K. Assets: $372K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Island Marina Association?
The Employer Identification Number (EIN) for Island Marina Association is 20417490. 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 Island Marina Association spend its money?
Island Marina Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Island Marina Association's tax-exempt status?
You can verify Island Marina Association's tax-exempt status using EIN 20417490 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
Island Marina Association demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $152,303 in 2013 to $218,251 in 2023, with a notable jump in assets from $148,874 to $293,334 over the same period. The organization consistently operates with a surplus, as seen in 2023 where revenue of $218,251 exceeded expenses of $155,202, indicating sound financial management. The absence of reported liabilities across all available filings is a significant strength, suggesting a debt-free operation.
The organization's spending efficiency appears strong, with a healthy margin between revenue and expenses in recent years. For instance, in 2023, expenses were approximately 71% of revenue, leaving a substantial portion for reinvestment or reserves. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which contributes to high spending efficiency. This commitment to minimizing overhead and maximizing resources for its mission is a positive indicator of financial health and donor trust.
Transparency is high given the consistent filing of IRS Form 990s over 12 periods and the clear financial picture presented. The lack of liabilities and officer compensation further enhances the perception of a well-managed and accountable organization. While specific program details are not provided in the raw data, the overall financial health and operational efficiency suggest a responsible use of funds.