Boothbay Region Maritime Foundation
EIN: 831916460 · Boothbay Hbr, ME · NTEE: C32
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $296K |
| Net Assets | $2.7M |
Is Boothbay Region Maritime Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boothbay Region Maritime Foundation
Boothbay Region Maritime Foundation (EIN: 831916460) is a nonprofit organization based in Boothbay Hbr, ME, classified under NTEE code C32. The organization reported total revenue of $578K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Maritime Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boothbay Region Maritime Foundation is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 35.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $526K |
| Total Expenses | $296K |
| Surplus / Deficit | +$230K |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | 43.7% |
| Months of Reserves | 108.6 months |
Financial Health Grade: A
In 2023, Boothbay Region Maritime Foundation reported a surplus of $230K with revenue exceeding expenses, holds 108.6 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Boothbay Region Maritime Foundation's revenue has grown at a compound annual growth rate (CAGR) of 35.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.2% | +160.2% | +9.4% |
| 2022 | -35.5% | +60.3% | +29.1% |
| 2021 | +9.7% | -48.7% | +103.2% |
| 2020 | +508.1% | +308.8% | +621.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boothbay Region Maritime Foundation 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 Boothbay Region Maritime Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $230K, with revenue exceeding expenses.
Frequently Asked Questions about Boothbay Region Maritime Foundation
Is Boothbay Region Maritime Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothbay Region Maritime Foundation (EIN: 831916460) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boothbay Region Maritime Foundation spend its money?
Detailed spending breakdown data is not yet available for Boothbay Region Maritime Foundation. Check back for updated IRS 990 analysis.
Are donations to Boothbay Region Maritime Foundation tax-deductible?
Boothbay Region Maritime Foundation is registered as a tax-exempt nonprofit (EIN: 831916460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boothbay Region Maritime Foundation located?
Boothbay Region Maritime Foundation is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 831916460. It is classified under NTEE code C32.
How many years of IRS 990 filings does Boothbay Region Maritime Foundation have?
Boothbay Region Maritime Foundation has 5 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 $578K in total revenue.
Filing History
IRS 990 filing history for Boothbay Region Maritime Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Boothbay Region Maritime Foundation's revenue has grown by 239.1%, moving from $155K to $526K. Total assets increased by 1971.1% over the same period, from $129K to $2.7M. Total functional expenses rose by 774.6%, from $34K to $296K. In its most recent filing year (2023), Boothbay Region Maritime Foundation reported a surplus of $230K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $526K | $296K | $2.7M | $0 | — | View 990 |
| 2022 | $667K | $114K | $2.5M | $0 | — | — |
| 2021 | $1.0M | $71K | $1.9M | $0 | — | View 990 |
| 2020 | $943K | $139K | $934K | $0 | — | View 990 |
| 2019 | $155K | $34K | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $526K, expenses of $296K, and assets of $2.7M (revenue -21.2% year-over-year).
- 2022: Revenue of $667K, expenses of $114K, and assets of $2.5M (revenue -35.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $71K, and assets of $1.9M (revenue +9.7% year-over-year).
- 2020: Revenue of $943K, expenses of $139K, and assets of $934K (revenue +508.1% year-over-year).
- 2019: Revenue of $155K, expenses of $34K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boothbay Region Maritime Foundation:
Data Sources and Methodology
This transparency report for Boothbay Region Maritime Foundation 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.