Bellingham Bay Community Boatingcenter
Bellingham Bay Community Boatingcenter experiences significant revenue growth and asset accumulation with no reported officer compensation.
EIN: 204946594 · Bellingham, WA · NTEE: N31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $770K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Bellingham Bay Community Boatingcenter Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bellingham Bay Community Boatingcenter directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bellingham Bay Community Boatingcenter
Bellingham Bay Community Boatingcenter (EIN: 204946594) is a nonprofit organization based in Bellingham, WA, classified under NTEE code N31. The organization reported total revenue of $1.0M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bellingham Bay Community Boatingcenter's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bellingham Bay Community Boatingcenter is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $770K |
| Surplus / Deficit | +$572K |
| Total Assets | $1.2M |
| Total Liabilities | $12K |
| Net Assets | $1.1M |
| Operating Margin | 42.6% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Bellingham Bay Community Boatingcenter reported a surplus of $572K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bellingham Bay Community Boatingcenter's revenue has grown at a compound annual growth rate (CAGR) of 22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.8% | +56.3% | +100.4% |
| 2022 | -1.4% | +36.4% | +24.1% |
| 2021 | +85.6% | +72.0% | +125.4% |
| 2020 | +27.8% | -16.9% | +36.9% |
| 2019 | -10.5% | -6.8% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Bellingham Bay Community Boatingcenter 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Bellingham Bay Community Boatingcenter allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $572K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation.
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 Bellingham Bay Community Boatingcenter:
- Significant revenue growth, especially in 202312 ($1,342,431).
- Consistent 0% officer compensation, indicating efficient use of funds.
- Strong asset growth, reaching $1,150,823 in 202312.
- Low liabilities relative to assets, suggesting good financial management.
- Positive net income trend, with revenue consistently exceeding expenses in recent years.
Frequently Asked Questions about Bellingham Bay Community Boatingcenter
Is Bellingham Bay Community Boatingcenter a legitimate charity?
Bellingham Bay Community Boatingcenter (EIN: 204946594) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bellingham Bay Community Boatingcenter spend its money?
Bellingham Bay Community Boatingcenter directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bellingham Bay Community Boatingcenter tax-deductible?
Bellingham Bay Community Boatingcenter is registered as a tax-exempt nonprofit (EIN: 204946594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bellingham Bay Community Boatingcenter's spending goes to programs?
Bellingham Bay Community Boatingcenter directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bellingham Bay Community Boatingcenter compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Bellingham Bay Community Boatingcenter is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bellingham Bay Community Boatingcenter located?
Bellingham Bay Community Boatingcenter is headquartered in Bellingham, Washington and files with the IRS under EIN 204946594. It is classified under NTEE code N31.
How many years of IRS 990 filings does Bellingham Bay Community Boatingcenter have?
Bellingham Bay Community Boatingcenter 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 $1.0M in total revenue.
Is Bellingham Bay Community Boatingcenter financially stable?
Yes, the organization shows strong financial stability. In 202312, revenue was $1,342,431 against expenses of $770,355, leading to a substantial surplus. Assets have also grown significantly to $1,150,823, while liabilities remain very low at $12,361.
How has the organization's revenue grown over time?
Bellingham Bay Community Boatingcenter has experienced remarkable revenue growth, particularly in recent years. Revenue increased from $330,616 in 202012 to $1,342,431 in 202312, demonstrating a strong upward trend.
Does the organization pay its officers?
No, the provided data consistently shows 0% officer compensation across all filing periods, indicating that officers are not compensated directly through this category.
Filing History
IRS 990 filing history for Bellingham Bay Community Boatingcenter showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bellingham Bay Community Boatingcenter's revenue has grown by 1024.5%, moving from $119K to $1.3M. Total assets increased by 1870.2% over the same period, from $58K to $1.2M. Total functional expenses rose by 612.8%, from $108K to $770K. In its most recent filing year (2023), Bellingham Bay Community Boatingcenter reported a surplus of $572K, with revenue exceeding expenses. The organization holds $12K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $770K | $1.2M | $12K | — | View 990 |
| 2022 | $605K | $493K | $574K | $8K | — | View 990 |
| 2021 | $614K | $361K | $463K | $9K | — | View 990 |
| 2020 | $331K | $210K | $205K | $4K | — | — |
| 2019 | $259K | $253K | $150K | $34K | — | View 990 |
| 2018 | $289K | $272K | $156K | $46K | — | View 990 |
| 2017 | $271K | $252K | $101K | $9K | — | — |
| 2016 | $232K | $209K | $79K | $6K | — | View 990 |
| 2015 | $183K | $193K | $51K | $5K | — | View 990 |
| 2014 | $172K | $160K | $68K | $12K | — | View 990 |
| 2013 | $143K | $137K | $51K | $7K | — | View 990 |
| 2012 | $128K | $142K | $43K | $5K | — | View 990 |
| 2011 | $119K | $108K | $58K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $770K, and assets of $1.2M (revenue +121.8% year-over-year).
- 2022: Revenue of $605K, expenses of $493K, and assets of $574K (revenue -1.4% year-over-year).
- 2021: Revenue of $614K, expenses of $361K, and assets of $463K (revenue +85.6% year-over-year).
- 2020: Revenue of $331K, expenses of $210K, and assets of $205K (revenue +27.8% year-over-year).
- 2019: Revenue of $259K, expenses of $253K, and assets of $150K (revenue -10.5% year-over-year).
- 2018: Revenue of $289K, expenses of $272K, and assets of $156K (revenue +6.6% year-over-year).
- 2017: Revenue of $271K, expenses of $252K, and assets of $101K (revenue +17.0% year-over-year).
- 2016: Revenue of $232K, expenses of $209K, and assets of $79K (revenue +26.6% year-over-year).
- 2015: Revenue of $183K, expenses of $193K, and assets of $51K (revenue +6.2% year-over-year).
- 2014: Revenue of $172K, expenses of $160K, and assets of $68K (revenue +20.6% year-over-year).
- 2013: Revenue of $143K, expenses of $137K, and assets of $51K (revenue +11.6% year-over-year).
- 2012: Revenue of $128K, expenses of $142K, and assets of $43K (revenue +7.3% year-over-year).
- 2011: Revenue of $119K, expenses of $108K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bellingham Bay Community Boatingcenter:
Data Sources and Methodology
This transparency report for Bellingham Bay Community Boatingcenter 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.