Boston Dragon Boat Festival Inc
EIN: 300518020 · West Newton, MA · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $164K |
| Net Assets | $246K |
Is Boston Dragon Boat Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boston Dragon Boat Festival Inc
Boston Dragon Boat Festival Inc (EIN: 300518020) is a nonprofit organization based in West Newton, MA, classified under NTEE code A20. The organization reported total revenue of $261K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Dragon Boat Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Dragon Boat Festival Inc is a small nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 34.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $164K |
| Surplus / Deficit | +$54K |
| Total Assets | $246K |
| Net Assets | $246K |
| Operating Margin | 24.8% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, Boston Dragon Boat Festival Inc reported a surplus of $54K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position).
Financial Trends
Over 16 years of filings (2008–2023), Boston Dragon Boat Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.4% | +25.9% | +28.2% |
| 2022 | +1084.6% | +461.7% | +10.1% |
| 2021 | -41.3% | +40.4% | -8.3% |
| 2020 | -90.2% | -87.4% | +2.6% |
| 2019 | +58.6% | -17.0% | +87.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boston Dragon Boat Festival Inc 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 Boston Dragon Boat Festival Inc 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 $54K, with revenue exceeding expenses.
Frequently Asked Questions about Boston Dragon Boat Festival Inc
Is Boston Dragon Boat Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Dragon Boat Festival Inc (EIN: 300518020) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boston Dragon Boat Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Boston Dragon Boat Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Boston Dragon Boat Festival Inc tax-deductible?
Boston Dragon Boat Festival Inc is registered as a tax-exempt nonprofit (EIN: 300518020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boston Dragon Boat Festival Inc located?
Boston Dragon Boat Festival Inc is headquartered in West Newton, Massachusetts and files with the IRS under EIN 300518020. It is classified under NTEE code A20.
How many years of IRS 990 filings does Boston Dragon Boat Festival Inc have?
Boston Dragon Boat Festival Inc has 16 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 $261K in total revenue.
Filing History
IRS 990 filing history for Boston Dragon Boat Festival Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Boston Dragon Boat Festival Inc's revenue has grown by 8624.7%, moving from $3K to $218K. Total assets increased by 9730.2% over the same period, from $3K to $246K. In its most recent filing year (2023), Boston Dragon Boat Festival Inc reported a surplus of $54K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $164K | $246K | $0 | — | View 990 |
| 2022 | $148K | $130K | $192K | $0 | — | View 990 |
| 2021 | $12K | $23K | $174K | $0 | — | View 990 |
| 2020 | $21K | $17K | $190K | $0 | — | View 990 |
| 2019 | $217K | $131K | $185K | $0 | — | View 990 |
| 2018 | $137K | $158K | $99K | $0 | — | View 990 |
| 2017 | $168K | $147K | $118K | $0 | — | View 990 |
| 2016 | $121K | $129K | $95K | $0 | — | View 990 |
| 2015 | $129K | $95K | $104K | $0 | — | View 990 |
| 2014 | $135K | $125K | $70K | $0 | — | View 990 |
| 2013 | $91K | $91K | $61K | $0 | — | View 990 |
| 2012 | $73K | $73K | $61K | $0 | — | — |
| 2011 | $71K | $65K | $60K | $0 | — | — |
| 2010 | $64K | $62K | $54K | $0 | — | — |
| 2009 | $87K | $38K | $52K | $0 | — | — |
| 2008 | $3K | $0 | $3K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $164K, and assets of $246K (revenue +47.4% year-over-year).
- 2022: Revenue of $148K, expenses of $130K, and assets of $192K (revenue +1084.6% year-over-year).
- 2021: Revenue of $12K, expenses of $23K, and assets of $174K (revenue -41.3% year-over-year).
- 2020: Revenue of $21K, expenses of $17K, and assets of $190K (revenue -90.2% year-over-year).
- 2019: Revenue of $217K, expenses of $131K, and assets of $185K (revenue +58.6% year-over-year).
- 2018: Revenue of $137K, expenses of $158K, and assets of $99K (revenue -18.6% year-over-year).
- 2017: Revenue of $168K, expenses of $147K, and assets of $118K (revenue +39.4% year-over-year).
- 2016: Revenue of $121K, expenses of $129K, and assets of $95K (revenue -6.0% year-over-year).
- 2015: Revenue of $129K, expenses of $95K, and assets of $104K (revenue -4.4% year-over-year).
- 2014: Revenue of $135K, expenses of $125K, and assets of $70K (revenue +47.3% year-over-year).
- 2013: Revenue of $91K, expenses of $91K, and assets of $61K (revenue +24.6% year-over-year).
- 2012: Revenue of $73K, expenses of $73K, and assets of $61K (revenue +3.2% year-over-year).
- 2011: Revenue of $71K, expenses of $65K, and assets of $60K (revenue +10.4% year-over-year).
- 2010: Revenue of $64K, expenses of $62K, and assets of $54K (revenue -26.4% year-over-year).
- 2009: Revenue of $87K, expenses of $38K, and assets of $52K (revenue +3395.5% year-over-year).
- 2008: Revenue of $3K, expenses of $0, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Dragon Boat Festival Inc:
Data Sources and Methodology
This transparency report for Boston Dragon Boat Festival Inc 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.