Boothbay Charities Classic

Boothbay Charities Classic maintains stable assets with no executive compensation, despite fluctuating revenues and occasional operating deficits.

EIN: 10544641 · Boothbay, ME · NTEE: N117 · Updated: 2026-03-28

$98KRevenue

$21KAssets

85/100Mission Score (Excellent)

N117

About Boothbay Charities Classic

Boothbay Charities Classic (EIN: 10544641) is a nonprofit organization based in Boothbay, ME, classified under NTEE code N117. The organization reported total revenue of $98K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Charities Classic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Boothbay Charities Classic demonstrates a consistent operational history with modest revenue fluctuations over the past eight years. The organization's financial health appears stable, maintaining positive assets and no reported liabilities across all filings, indicating responsible financial management. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a significant portion of funds, after administrative and fundraising costs, is likely directed towards its charitable mission. The organization's consistent filing of IRS Form 990s over an extended period reflects a commitment to transparency.

The organization's revenue has varied, peaking at $79,079 in 2014 and most recently reported at $97,878. Expenses have generally tracked revenue, with a notable instance in 2018 where expenses ($79,441) exceeded revenue ($69,160), resulting in a deficit for that period. However, the organization's asset base has remained positive, indicating it can absorb such fluctuations. The lack of executive compensation is a positive indicator for spending efficiency, as it means more funds are available for direct charitable activities or operational costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boothbay Charities Classic 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, Boothbay Charities Classic 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a volunteer-led structure, which can maximize the proportion of funds available for charitable activities.

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.

Red Flags

The following concerns were identified during AI analysis of Boothbay Charities Classic's IRS 990 filings:

Occasional operating deficits, such as in 2018 where expenses ($79,441) exceeded revenue ($69,160).

Strengths

The following positive indicators were identified for Boothbay Charities Classic:

Consistent IRS 990 filing history, indicating transparency.
0% officer compensation across all filings, maximizing funds for mission.
No reported liabilities, demonstrating sound financial management.
Maintains positive assets consistently over time.

Frequently Asked Questions about Boothbay Charities Classic

Is Boothbay Charities Classic a good charity?

Based on the provided data, Boothbay Charities Classic appears to be a good charity. It consistently files its IRS 990s, maintains a positive asset base with no liabilities, and most notably, reports 0% officer compensation, meaning more funds are available for its mission.

How has Boothbay Charities Classic's revenue trended?

Boothbay Charities Classic's revenue has fluctuated over the years, ranging from a low of $32,256 in 2013 to a high of $97,878 in its latest reported period. This indicates variability in its fundraising or income generation.

Does Boothbay Charities Classic have strong financial reserves?

With assets of $21,100 and no liabilities in the latest period, Boothbay Charities Classic maintains a modest but positive financial reserve. This provides some buffer for operational needs, though it's not a large reserve relative to its revenue.

What is the organization's approach to executive compensation?

Boothbay Charities Classic has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests a volunteer-driven leadership model.

Filing History

IRS 990 filing history for Boothbay Charities Classic showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2011–2018), Boothbay Charities Classic's revenue has grown by 94.2%, moving from $36K to $69K. Total assets increased by 520.8% over the same period, from $3K to $21K. Total functional expenses rose by 128%, from $35K to $79K. In its most recent filing year (2018), Boothbay Charities Classic reported a deficit of $10K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$69K	$79K	$21K	$0	—	View 990
2017	$41K	$30K	$31K	$0	—	—
2016	$33K	$33K	$20K	$0	—	View 990
2015	$42K	$41K	$20K	$0	—	View 990
2014	$79K	$62K	$19K	$0	—	View 990
2013	$32K	$33K	$2K	$0	—	View 990
2012	$37K	$38K	$2K	$0	—	View 990
2011	$36K	$35K	$3K	$0	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $69K, expenses of $79K, and assets of $21K (revenue +67.5% year-over-year).
2017: Revenue of $41K, expenses of $30K, and assets of $31K (revenue +23.6% year-over-year).
2016: Revenue of $33K, expenses of $33K, and assets of $20K (revenue -21.4% year-over-year).
2015: Revenue of $42K, expenses of $41K, and assets of $20K (revenue -46.3% year-over-year).
2014: Revenue of $79K, expenses of $62K, and assets of $19K (revenue +145.2% year-over-year).
2013: Revenue of $32K, expenses of $33K, and assets of $2K (revenue -13.0% year-over-year).
2012: Revenue of $37K, expenses of $38K, and assets of $2K (revenue +4.1% year-over-year).
2011: Revenue of $36K, expenses of $35K, and assets of $3K.

Data Sources and Methodology

This transparency report for Boothbay Charities Classic 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.