Antique Boat Museum
Antique Boat Museum: Navigating Growth and Financial Stewardship
EIN: 222319606 · Clayton, NY · NTEE: A570 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $20.3M |
| Transparency Score | 85/100 |
Is Antique Boat Museum Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Antique Boat Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Antique Boat Museum
Antique Boat Museum (EIN: 222319606) is a nonprofit organization based in Clayton, NY, classified under NTEE code A570. The organization reported total revenue of $8.0M and total assets of $24.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Antique Boat Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Antique Boat Museum is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-164,578 |
| Total Assets | $21.7M |
| Total Liabilities | $1.4M |
| Net Assets | $20.3M |
| Operating Margin | -7.6% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 111.0 months |
Financial Health Grade: B
In 2023, Antique Boat Museum reported a deficit of $165K with expenses exceeding revenue, holds 111.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Antique Boat Museum's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | -4.0% | +3.6% |
| 2022 | -60.8% | +12.8% | -4.7% |
| 2021 | +235.2% | +5.7% | +27.2% |
| 2020 | -21.2% | -2.8% | -1.4% |
| 2019 | +21.0% | +8.4% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Antique Boat Museum with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Antique Boat Museum allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $165K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from the Form 990s regarding individual salaries.
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 Antique Boat Museum:
- Consistent revenue generation, with a notable spike in 2021 ($5,416,390).
- Strong asset growth from $16,723,853 in 2018 to $21,671,324 in 2023.
- Maintained low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Antique Boat Museum
Is Antique Boat Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Antique Boat Museum (EIN: 222319606) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Antique Boat Museum spend its money?
Antique Boat Museum directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Antique Boat Museum tax-deductible?
Antique Boat Museum is registered as a tax-exempt nonprofit (EIN: 222319606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Antique Boat Museum's spending goes to programs?
Antique Boat Museum directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Antique Boat Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Antique Boat Museum is above average for NTEE category A570 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Antique Boat Museum located?
Antique Boat Museum is headquartered in Clayton, New York and files with the IRS under EIN 222319606. It is classified under NTEE code A570.
How many years of IRS 990 filings does Antique Boat Museum have?
Antique Boat Museum 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 $8.0M in total revenue.
What does Antique Boat Museum do?
Antique Boat Museum is a nonprofit organization in the Arts, Culture & Humanities sector, located in Clayton, New York. It is classified under NTEE code A570.
How much revenue does Antique Boat Museum have?
Antique Boat Museum reported total revenue of $7,960,925. Based on 13 IRS 990 filings on record.
What are Antique Boat Museum's total assets?
Antique Boat Museum holds total assets of $24,908,728 as reported in IRS 990 filings.
Where is Antique Boat Museum located?
Antique Boat Museum is based in Clayton, New York.
What is Antique Boat Museum's EIN?
Antique Boat Museum's Employer Identification Number (EIN) is 222319606. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Antique Boat Museum?
Antique Boat Museum is classified under NTEE code A570 (Arts, Culture & Humanities).
Is Antique Boat Museum a registered 501(c)(3)?
Yes, Antique Boat Museum is recognized as a tax-exempt organization by the IRS. EIN: 222319606.
Does Antique Boat Museum file IRS Form 990?
Yes, Antique Boat Museum has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Antique Boat Museum's revenue in 2023?
In the 202312 filing period, Antique Boat Museum reported total revenue of $2,178,617, total expenses of $2,343,195, and net assets of $21,671,324.
Is Antique Boat Museum's revenue growing or declining?
Antique Boat Museum's revenue is relatively stable. Revenue went from $2,125,467 (202212) to $2,178,617 (202312), a +2.5% change. Based on 13 filings on record.
What is Antique Boat Museum's most recent 990 filing?
The most recent IRS Form 990 filing for Antique Boat Museum covers tax period 202312. It shows revenue of $2,178,617, expenses of $2,343,195, total assets of $21,671,324, and liabilities of $1,405,515.
How much does Antique Boat Museum spend on programs vs administration?
Based on IRS 990 analysis, Antique Boat Museum allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Antique Boat Museum a trustworthy charity?
Based on AI analysis of IRS 990 data, Antique Boat Museum appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Antique Boat Museum's strengths?
Positive indicators for Antique Boat Museum include: Consistent revenue generation, with a notable spike in 2021 ($5,416,390).. Strong asset growth from $16,723,853 in 2018 to $21,671,324 in 2023.. Maintained low liabilities relative to assets, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Antique Boat Museum compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from the Form 990s regarding individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue increase in 2021, and how sustainable is this level of income?
The data shows a substantial jump in revenue to $5,416,390 in 2021 from $1,615,927 in 2020. This could be due to a major fundraising campaign, a large one-time donation, or a significant event post-pandemic. Understanding the source is crucial for assessing its sustainability.
How does the museum manage its capital expenditures given its growing asset base?
With assets growing from $16,723,853 in 2018 to $21,671,324 in 2023, the museum is clearly investing in its infrastructure or collection. Analyzing the specific capital expenditures in the Form 990s would reveal their strategy for maintaining and expanding their physical and intellectual property.
Filing History
IRS 990 filing history for Antique Boat Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Antique Boat Museum's revenue has grown by 35.3%, moving from $1.6M to $2.2M. Total assets increased by 29.4% over the same period, from $16.8M to $21.7M. Total functional expenses rose by 3.3%, from $2.3M to $2.3M. In its most recent filing year (2023), Antique Boat Museum reported a deficit of $165K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $21.7M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $21.7M | $1.4M | — | — |
| 2022 | $2.1M | $2.4M | $20.9M | $1.5M | — | View 990 |
| 2021 | $5.4M | $2.2M | $22.0M | $1.5M | — | View 990 |
| 2020 | $1.6M | $2.0M | $17.3M | $912K | — | View 990 |
| 2019 | $2.0M | $2.1M | $17.5M | $970K | — | View 990 |
| 2018 | $1.7M | $1.9M | $16.7M | $978K | — | View 990 |
| 2017 | $2.0M | $2.1M | $17.5M | $1.0M | — | View 990 |
| 2016 | $1.9M | $2.1M | $17.1M | $1.1M | — | View 990 |
| 2015 | $2.5M | $2.8M | $18.1M | $1.1M | — | View 990 |
| 2014 | $2.1M | $2.6M | $18.5M | $1.0M | — | View 990 |
| 2013 | $2.4M | $3.0M | $19.4M | $1.2M | — | View 990 |
| 2012 | $4.9M | $2.6M | $19.3M | $971K | — | View 990 |
| 2011 | $1.6M | $2.3M | $16.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $21.7M (revenue +2.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.4M, and assets of $20.9M (revenue -60.8% year-over-year).
- 2021: Revenue of $5.4M, expenses of $2.2M, and assets of $22.0M (revenue +235.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.0M, and assets of $17.3M (revenue -21.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $17.5M (revenue +21.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.9M, and assets of $16.7M (revenue -16.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.1M, and assets of $17.5M (revenue +7.1% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.1M, and assets of $17.1M (revenue -26.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.8M, and assets of $18.1M (revenue +21.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.6M, and assets of $18.5M (revenue -13.2% year-over-year).
- 2013: Revenue of $2.4M, expenses of $3.0M, and assets of $19.4M (revenue -51.1% year-over-year).
- 2012: Revenue of $4.9M, expenses of $2.6M, and assets of $19.3M (revenue +207.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.3M, and assets of $16.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Antique Boat Museum:
Data Sources and Methodology
This transparency report for Antique Boat Museum 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.