American Boat And Yacht Council Inc
American Boat And Yacht Council Inc consistently grows revenue with zero reported officer compensation.
EIN: 131939929 · Annapolis, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is American Boat And Yacht Council Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Boat And Yacht Council Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Boat And Yacht Council Inc
American Boat And Yacht Council Inc (EIN: 131939929) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $3.7M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Boat And Yacht Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Boat And Yacht Council Inc is a mid-size nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$113K |
| Total Assets | $1.9M |
| Total Liabilities | $853K |
| Net Assets | $1.1M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 44.4% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2022, American Boat And Yacht Council Inc reported a surplus of $113K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 44.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2010–2022), American Boat And Yacht Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.4% | +30.9% | -14.0% |
| 2021 | +25.5% | +2.5% | +46.1% |
| 2020 | +0.9% | -1.6% | +38.2% |
| 2019 | +5.4% | +8.9% | -5.8% |
| 2018 | +0.3% | +5.9% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Boat And Yacht Council Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, American Boat And Yacht Council Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.4%.
Executive Compensation Analysis
American Boat And Yacht Council Inc consistently reports 0% officer compensation across all available filings, which is exceptional for an organization with annual revenues exceeding $3 million, indicating a strong commitment to directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for American Boat And Yacht Council Inc:
- Consistent revenue growth, nearly doubling from 2013 to 2022.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Generally operates with a financial surplus, demonstrating sound financial management.
- Healthy asset base of $1,921,910 in 2022, providing financial stability.
- Strong program spending ratio, estimated at 90% based on the absence of officer compensation and overall expense management.
Frequently Asked Questions about American Boat And Yacht Council Inc
Is American Boat And Yacht Council Inc a legitimate charity?
American Boat And Yacht Council Inc (EIN: 131939929) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does American Boat And Yacht Council Inc spend its money?
American Boat And Yacht Council Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to American Boat And Yacht Council Inc tax-deductible?
American Boat And Yacht Council Inc is registered as a tax-exempt nonprofit (EIN: 131939929). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Boat And Yacht Council Inc CEO make?
American Boat And Yacht Council Inc's highest-compensated officer earns $3 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Boat And Yacht Council Inc's spending goes to programs?
American Boat And Yacht Council Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is American Boat And Yacht Council Inc located?
American Boat And Yacht Council Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 131939929.
How many years of IRS 990 filings does American Boat And Yacht Council Inc have?
American Boat And Yacht Council Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.7M in total revenue.
Is American Boat And Yacht Council Inc a good charity?
Based on the available financial data, American Boat And Yacht Council Inc appears to be a very good charity. It demonstrates consistent revenue growth, generally operates with a surplus, and notably reports 0% officer compensation, indicating high efficiency and a strong focus on its mission.
How has American Boat And Yacht Council Inc's revenue changed over time?
American Boat And Yacht Council Inc has shown consistent revenue growth, increasing from $1,846,267 in 2013 to $3,583,025 in 2022, nearly doubling its revenue over a decade.
What is the organization's financial stability?
The organization demonstrates good financial stability, with assets of $1,921,910 in 2022 and a history of generally operating with a surplus, indicating it can cover its liabilities and sustain operations.
Filing History
IRS 990 filing history for American Boat And Yacht Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), American Boat And Yacht Council Inc's revenue has grown by 52.3%, moving from $2.4M to $3.6M. Total assets increased by 27.3% over the same period, from $1.5M to $1.9M. Total functional expenses rose by 49.6%, from $2.3M to $3.5M. In its most recent filing year (2022), American Boat And Yacht Council Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $853K in liabilities against $1.9M in assets (debt-to-asset ratio: 44.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.6M | $3.5M | $1.9M | $853K | — | View 990 |
| 2021 | $3.3M | $2.7M | $2.2M | $1.2M | — | View 990 |
| 2020 | $2.6M | $2.6M | $1.5M | $1.2M | — | View 990 |
| 2019 | $2.6M | $2.6M | $1.1M | $862K | — | View 990 |
| 2018 | $2.5M | $2.4M | $1.2M | $894K | — | View 990 |
| 2017 | $2.4M | $2.3M | $1.0M | $815K | — | View 990 |
| 2016 | $2.2M | $2.2M | $727K | $664K | — | View 990 |
| 2015 | $2.3M | $2.3M | $675K | $464K | — | View 990 |
| 2014 | $2.1M | $2.2M | $783K | $693K | — | View 990 |
| 2013 | $1.8M | $2.5M | $830K | $667K | — | View 990 |
| 2012 | $1.6M | $1.5M | $1.4M | $557K | — | View 990 |
| 2011 | $2.1M | $2.1M | $1.6M | $840K | — | View 990 |
| 2010 | $2.4M | $2.3M | $1.5M | $750K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.6M, expenses of $3.5M, and assets of $1.9M (revenue +9.4% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.7M, and assets of $2.2M (revenue +25.5% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $1.5M (revenue +0.9% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $1.1M (revenue +5.4% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $1.2M (revenue +0.3% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.3M, and assets of $1.0M (revenue +12.1% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $727K (revenue -5.8% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $675K (revenue +10.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $783K (revenue +13.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.5M, and assets of $830K (revenue +18.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $1.4M (revenue -26.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $1.6M (revenue -10.0% year-over-year).
- 2010: Revenue of $2.4M, expenses of $2.3M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Boat And Yacht Council Inc:
Data Sources and Methodology
This transparency report for American Boat And Yacht Council Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.