Block Island Maritime Institute
EIN: 50496605 · Block Island, RI · NTEE: B90
Is Block Island Maritime Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Block Island Maritime Institute
Block Island Maritime Institute (EIN: 50496605) is a nonprofit organization based in Block Island, RI, classified under NTEE code B90. The organization reported total revenue of $454K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Block Island Maritime Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Block Island Maritime Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Block Island Maritime Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Block Island Maritime Institute
Is Block Island Maritime Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Block Island Maritime Institute (EIN: 50496605) insufficient data. 0 red flags identified, 0 strengths noted.
How does Block Island Maritime Institute spend its money?
Detailed spending breakdown data is not yet available for Block Island Maritime Institute. Check back for updated IRS 990 analysis.
Are donations to Block Island Maritime Institute tax-deductible?
Block Island Maritime Institute is registered as a tax-exempt nonprofit (EIN: 50496605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Block Island Maritime Institute showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Block Island Maritime Institute's revenue has grown by 273.1%, moving from $85K to $319K. Total functional expenses rose by 405.7%, from $65K to $327K. In its most recent filing year (2023), Block Island Maritime Institute reported a deficit of $8K, with expenses exceeding revenue. The organization holds $159K in liabilities against $1.1M in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $937K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $319K | $327K | $1.1M | $159K | — | — |
| 2022 | $285K | $241K | $1.1M | $199K | — | View 990 |
| 2021 | $285K | $201K | $1.1M | $242K | — | View 990 |
| 2020 | $298K | $195K | $999K | $183K | — | — |
| 2019 | $309K | $340K | $956K | $242K | — | View 990 |
| 2018 | $236K | $168K | $907K | $161K | — | View 990 |
| 2017 | $104K | $158K | $871K | $194K | — | View 990 |
| 2016 | $95K | $146K | $908K | $176K | — | View 990 |
| 2015 | $119K | $152K | $918K | $135K | — | View 990 |
| 2014 | $852K | $143K | $989K | $173K | — | View 990 |
| 2013 | $123K | $132K | $1.1M | $987K | — | View 990 |
| 2012 | $138K | $110K | $974K | $852K | — | View 990 |
| 2011 | $106K | $103K | $1.1M | $804K | — | View 990 |
| 2010 | $85K | $65K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $319K, expenses of $327K, and assets of $1.1M (revenue +11.9% year-over-year).
- 2022: Revenue of $285K, expenses of $241K, and assets of $1.1M (revenue -0.1% year-over-year).
- 2021: Revenue of $285K, expenses of $201K, and assets of $1.1M (revenue -4.2% year-over-year).
- 2020: Revenue of $298K, expenses of $195K, and assets of $999K (revenue -3.7% year-over-year).
- 2019: Revenue of $309K, expenses of $340K, and assets of $956K (revenue +31.2% year-over-year).
- 2018: Revenue of $236K, expenses of $168K, and assets of $907K (revenue +126.2% year-over-year).
- 2017: Revenue of $104K, expenses of $158K, and assets of $871K (revenue +10.0% year-over-year).
- 2016: Revenue of $95K, expenses of $146K, and assets of $908K (revenue -20.2% year-over-year).
- 2015: Revenue of $119K, expenses of $152K, and assets of $918K (revenue -86.1% year-over-year).
- 2014: Revenue of $852K, expenses of $143K, and assets of $989K (revenue +594.1% year-over-year).
- 2013: Revenue of $123K, expenses of $132K, and assets of $1.1M (revenue -11.0% year-over-year).
- 2012: Revenue of $138K, expenses of $110K, and assets of $974K (revenue +30.1% year-over-year).
- 2011: Revenue of $106K, expenses of $103K, and assets of $1.1M (revenue +24.0% year-over-year).
- 2010: Revenue of $85K, expenses of $65K, and assets of $0.
Data Sources and Methodology
This transparency report for Block Island Maritime Institute 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.