Boothbay Railway Village

Boothbay Railway Village maintains stable finances with consistent revenue and no reported officer compensation.

EIN: 10372829 · Boothbay, ME · NTEE: A540 · Updated: 2026-03-28

$1.1MRevenue

$2.1MAssets

85/100Mission Score (Excellent)

A540

About Boothbay Railway Village

Boothbay Railway Village (EIN: 10372829) is a nonprofit organization based in Boothbay, ME, classified under NTEE code A540. The organization reported total revenue of $1.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Railway Village's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Boothbay Railway Village demonstrates a generally stable financial position with consistent revenue streams, averaging over $800,000 annually in recent years. The organization has shown a healthy trend of expenses being less than revenue in most recent periods, such as in 2023 where revenue was $1,020,284 against expenses of $916,883, contributing to asset growth. Their assets have steadily increased from $1,183,787 in 2020 to $1,827,419 in 2023, indicating sound financial management and accumulation of resources.

The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This suggests that the leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health appears robust, with a strong asset base relative to liabilities, which were only $23,856 in 2023.

Spending efficiency appears reasonable, with expenses generally staying below revenue, allowing for asset growth. For instance, in 2021, revenue was $1,343,965 while expenses were $879,629, demonstrating a significant surplus. The organization's ability to manage its finances effectively, maintain a low liability profile, and report no officer compensation contributes to a positive assessment of its financial health and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boothbay Railway Village 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Boothbay Railway Village allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer categories, which is highly favorable for a nonprofit of its size with over $1 million in annual revenue.

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 Boothbay Railway Village:

Consistent revenue generation, exceeding $1 million in recent years (e.g., $1,020,284 in 2023).
Healthy asset growth, increasing from $1,183,787 in 2020 to $1,827,419 in 2023.
Very low liabilities relative to assets (e.g., $23,856 liabilities vs. $1,827,419 assets in 2023).
0% reported officer compensation across all available filings, indicating strong financial stewardship.
Expenses generally kept below revenue, leading to surpluses and asset accumulation (e.g., 2023 revenue $1,020,284 vs. expenses $916,883).

Frequently Asked Questions about Boothbay Railway Village

Is Boothbay Railway Village a good charity?

Based on the available financial data, Boothbay Railway Village appears to be a well-managed organization. It consistently generates substantial revenue, maintains a healthy asset base, and reports 0% officer compensation, indicating strong financial stewardship and a focus on its mission.

How has Boothbay Railway Village's financial health changed over time?

The organization has shown significant growth in revenue and assets since 2020. Revenue increased from $677,073 in 2020 to $1,020,284 in 2023, and assets grew from $1,183,787 to $1,827,419 in the same period, indicating improving financial health after some fluctuations in earlier years.

What is the organization's approach to executive compensation?

Boothbay Railway Village consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its leadership is either entirely volunteer-based or compensated through non-officer categories, which is a strong positive for donor trust and resource allocation.

Filing History

IRS 990 filing history for Boothbay Railway Village showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Boothbay Railway Village's revenue has grown by 55.7%, moving from $655K to $1.0M. Total assets decreased by 19% over the same period, from $2.3M to $1.8M. Total functional expenses rose by 27.1%, from $721K to $917K. In its most recent filing year (2023), Boothbay Railway Village reported a surplus of $103K, with revenue exceeding expenses. The organization holds $24K in liabilities against $1.8M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.0M	$917K	$1.8M	$24K	—	—
2022	$920K	$874K	$1.7M	$23K	—	View 990
2021	$1.3M	$880K	$1.6M	$24K	—	View 990
2020	$677K	$515K	$1.2M	$96K	—	View 990
2019	$437K	$796K	$1.0M	$91K	—	View 990
2018	$1.1M	$793K	$1.4M	$74K	—	View 990
2017	$598K	$824K	$1.0M	$88K	—	View 990
2016	$683K	$862K	$1.2M	$87K	—	View 990
2015	$797K	$711K	$2.4M	$10K	—	View 990
2014	$871K	$845K	$2.5M	$168K	—	View 990
2013	$934K	$768K	$2.4M	$87K	—	View 990
2012	$704K	$732K	$2.2M	$64K	—	View 990
2011	$655K	$721K	$2.3M	$74K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.0M, expenses of $917K, and assets of $1.8M (revenue +10.9% year-over-year).
2022: Revenue of $920K, expenses of $874K, and assets of $1.7M (revenue -31.5% year-over-year).
2021: Revenue of $1.3M, expenses of $880K, and assets of $1.6M (revenue +98.5% year-over-year).
2020: Revenue of $677K, expenses of $515K, and assets of $1.2M (revenue +55.0% year-over-year).
2019: Revenue of $437K, expenses of $796K, and assets of $1.0M (revenue -61.8% year-over-year).
2018: Revenue of $1.1M, expenses of $793K, and assets of $1.4M (revenue +90.9% year-over-year).
2017: Revenue of $598K, expenses of $824K, and assets of $1.0M (revenue -12.3% year-over-year).
2016: Revenue of $683K, expenses of $862K, and assets of $1.2M (revenue -14.4% year-over-year).
2015: Revenue of $797K, expenses of $711K, and assets of $2.4M (revenue -8.4% year-over-year).
2014: Revenue of $871K, expenses of $845K, and assets of $2.5M (revenue -6.8% year-over-year).
2013: Revenue of $934K, expenses of $768K, and assets of $2.4M (revenue +32.6% year-over-year).
2012: Revenue of $704K, expenses of $732K, and assets of $2.2M (revenue +7.5% year-over-year).
2011: Revenue of $655K, expenses of $721K, and assets of $2.3M.

Data Sources and Methodology

This transparency report for Boothbay Railway Village 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.