Quick charity verification for Out Of The Boat Ministries Inc (EIN: 205253257)
Verdict: Out Of The Boat Ministries Inc appears trustworthy
85/100Mission Score
$145KRevenue
$1KAssets
2Red Flags
3Strengths
Red Flags
Very low asset base relative to annual revenue, potentially indicating limited financial resilience or capacity for growth.
Lack of detailed expense breakdown in provided data, making it difficult to fully assess operational efficiency beyond officer compensation.
Strengths
Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
Consistent filing history over 13 periods, demonstrating transparency and compliance.
Revenues consistently cover expenses, indicating sound financial management on an operational level.
Spending Breakdown
How Out Of The Boat Ministries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Out Of The Boat Ministries Inc
Is Out Of The Boat Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Out Of The Boat Ministries Inc (EIN: 205253257) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Out Of The Boat Ministries Inc a good charity to donate to?
Out Of The Boat Ministries Inc has a Mission Score of 85/100. Revenue: $145K. Assets: $1K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Out Of The Boat Ministries Inc?
The Employer Identification Number (EIN) for Out Of The Boat Ministries Inc is 205253257. 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 Out Of The Boat Ministries Inc spend its money?
Out Of The Boat Ministries Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Out Of The Boat Ministries Inc's tax-exempt status?
You can verify Out Of The Boat Ministries Inc's tax-exempt status using EIN 205253257 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
Out Of The Boat Ministries Inc demonstrates consistent financial activity, with revenues and expenses closely matched year-over-year, indicating a break-even operational model. For example, in 2023, revenues were $162,693 against expenses of $163,680. The organization's assets remain very low, typically under $5,000, which suggests minimal reserves or capital investment. This could be a concern for long-term stability or ability to scale operations.
The organization's spending efficiency appears high in terms of program delivery, as indicated by the absence of reported officer compensation across all filings, suggesting that a significant portion of funds directly supports its mission. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of program vs. administrative vs. fundraising costs challenging. The organization's consistent filing history and zero officer compensation contribute positively to its transparency profile.
Overall, Out Of The Boat Ministries Inc operates on a lean budget with a strong focus on direct mission execution, as evidenced by its financial statements. While its asset base is minimal, the consistent revenue generation and expense management suggest a stable, albeit small, operation. Further transparency regarding detailed expense categories would enhance a full financial health assessment.