Is Portsmouth Submarine & Maritime Association Legit?
Quick charity verification for Portsmouth Submarine & Maritime Association (EIN: 20364509)
Verdict: Portsmouth Submarine & Maritime Association appears trustworthy
90/100Mission Score
$1.4MRevenue
$2.7MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
No reported officer compensation, indicating volunteer leadership and high efficiency.
Strong and growing asset base, currently at $2,723,124, demonstrating financial stability.
Low liabilities across all filing periods, suggesting prudent financial management.
Consistent IRS 990 filing history (14 filings), indicating good transparency and compliance.
Spending Breakdown
How Portsmouth Submarine & Maritime Association 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 Portsmouth Submarine & Maritime Association
Is Portsmouth Submarine & Maritime Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Portsmouth Submarine & Maritime Association (EIN: 20364509) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Portsmouth Submarine & Maritime Association a good charity to donate to?
Portsmouth Submarine & Maritime Association has a Mission Score of 90/100. Revenue: $1.4M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Portsmouth Submarine & Maritime Association?
The Employer Identification Number (EIN) for Portsmouth Submarine & Maritime Association is 20364509. 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 Portsmouth Submarine & Maritime Association spend its money?
Portsmouth Submarine & Maritime Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Portsmouth Submarine & Maritime Association's tax-exempt status?
You can verify Portsmouth Submarine & Maritime Association's tax-exempt status using EIN 20364509 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 Portsmouth Submarine & Maritime Association demonstrates consistent financial activity, with revenues and expenses generally in the range of $300,000-$500,000 in recent years, though 2019 saw a notable dip in reported revenue to $88,909 before rebounding. The organization maintains a healthy asset base, consistently above $1.9 million, indicating good financial stability. Liabilities are relatively low, suggesting prudent financial management and minimal debt burden. The absence of reported officer compensation across all available filings indicates a volunteer-led executive structure, which is a strong positive for donor confidence and efficiency.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational expenses relative to revenue suggest a stable cost structure. The organization's assets have grown from $2,228,349 in 2015 to $2,723,124 currently, indicating effective asset management and growth over time. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to transparency and regulatory compliance.
Overall, the association appears to be financially sound and well-managed, with a strong asset base and a clear commitment to volunteer leadership. The lack of reported executive compensation is a significant strength, allowing more resources to be directed towards its mission.