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
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $79K |
| Program Spending | 80% |
| Net Assets | $21K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Boothbay Charities Classic Form 990, Revenue, CEO Pay, and IRS Filing Signals
Boothbay Charities Classic is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Boothbay Charities Classic in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $69K and expenses of $79K.
Revenue and Expenses
Boothbay Charities Classic reported $69K in revenue and $79K in expenses, a deficit of $10K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Boothbay Charities Classic Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $64K (80%) |
Across stored filings, Boothbay Charities Classic shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 8 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category N context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
All Category N
Local and Sector Spokes
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Boothbay, ME nonprofitsCategory N in Maine
Human Services in Maine
Follow the Money
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State spending analysisState compensation analysis
Category N spending
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Donation Decision Flow
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Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
80% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
Boothbay Charities Classic directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Boothbay Charities Classic is a micro nonprofit that has been operating for 24 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $79K |
| Surplus / Deficit | $-10,281 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -14.9% |
| Months of Reserves | 3.2 months |
Financial Health Grade: B
In 2018, Boothbay Charities Classic reported a deficit of $10K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2011–2018), Boothbay Charities Classic's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +67.5% | +164.8% | -32.8% |
| 2017 | +23.6% | -9.4% | +56.2% |
| 2016 | -21.4% | -19.8% | +1.4% |
| 2015 | -46.3% | -33.6% | +6.4% |
| 2014 | +145.2% | +88.9% | +1007.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 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.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
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 legitimate charity?
Boothbay Charities Classic (EIN: 10544641) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $98K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Boothbay Charities Classic spend its money?
Boothbay Charities Classic directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Boothbay Charities Classic tax-deductible?
Boothbay Charities Classic is registered as a tax-exempt nonprofit (EIN: 10544641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boothbay Charities Classic's spending goes to programs?
Boothbay Charities Classic directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boothbay Charities Classic compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Boothbay Charities Classic is above average for NTEE category N117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boothbay Charities Classic located?
Boothbay Charities Classic is headquartered in Boothbay, Maine and files with the IRS under EIN 10544641. It is classified under NTEE code N117.
How many years of IRS 990 filings does Boothbay Charities Classic have?
Boothbay Charities Classic has 8 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 $98K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boothbay Charities Classic:
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.