Buzzards Sailing School Inc
EIN: 223446921 · Bourne, MA · NTEE: N40
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $196K |
| Net Assets | $67K |
Is Buzzards Sailing School Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Buzzards Sailing School Inc
Buzzards Sailing School Inc (EIN: 223446921) is a nonprofit organization based in Bourne, MA, classified under NTEE code N40. The organization reported total revenue of $243K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buzzards Sailing School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buzzards Sailing School Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $196K |
| Surplus / Deficit | $-44,777 |
| Total Assets | $68K |
| Total Liabilities | $1K |
| Net Assets | $67K |
| Operating Margin | -29.5% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Buzzards Sailing School Inc reported a deficit of $45K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buzzards Sailing School Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +12.7% | -43.8% |
| 2022 | -17.6% | +73.1% | -6.6% |
| 2021 | +60.2% | -15.8% | +293.4% |
| 2020 | -4.0% | -18.7% | +13.1% |
| 2019 | -1.3% | +8.7% | -48.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Buzzards Sailing School 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 Buzzards Sailing School 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Buzzards Sailing School Inc
Is Buzzards Sailing School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buzzards Sailing School Inc (EIN: 223446921) insufficient data. 0 red flags identified, 0 strengths noted.
How does Buzzards Sailing School Inc spend its money?
Detailed spending breakdown data is not yet available for Buzzards Sailing School Inc. Check back for updated IRS 990 analysis.
Are donations to Buzzards Sailing School Inc tax-deductible?
Buzzards Sailing School Inc is registered as a tax-exempt nonprofit (EIN: 223446921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Buzzards Sailing School Inc located?
Buzzards Sailing School Inc is headquartered in Bourne, Massachusetts and files with the IRS under EIN 223446921. It is classified under NTEE code N40.
How many years of IRS 990 filings does Buzzards Sailing School Inc have?
Buzzards Sailing School Inc has 13 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 $243K in total revenue.
Filing History
IRS 990 filing history for Buzzards Sailing School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buzzards Sailing School Inc's revenue has declined by 0.8%, moving from $153K to $152K. Total assets decreased by 9.2% over the same period, from $75K to $68K. Total functional expenses rose by 33.5%, from $147K to $196K. In its most recent filing year (2023), Buzzards Sailing School Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1K in liabilities against $68K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $152K | $196K | $68K | $1K | — | — |
| 2022 | $162K | $174K | $121K | $4K | — | View 990 |
| 2021 | $197K | $101K | $130K | $496 | — | View 990 |
| 2020 | $123K | $119K | $33K | $5K | — | View 990 |
| 2019 | $128K | $147K | $29K | $4K | — | View 990 |
| 2018 | $129K | $135K | $56K | $12K | — | View 990 |
| 2017 | $127K | $125K | $59K | $9K | — | View 990 |
| 2016 | $129K | $129K | $54K | $6K | — | View 990 |
| 2015 | $129K | $133K | $56K | $8K | — | View 990 |
| 2014 | $124K | $144K | $59K | $8K | — | View 990 |
| 2013 | $151K | $135K | $71K | $0 | — | View 990 |
| 2012 | $140K | $161K | $54K | $69 | — | View 990 |
| 2011 | $153K | $147K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $152K, expenses of $196K, and assets of $68K (revenue -6.4% year-over-year).
- 2022: Revenue of $162K, expenses of $174K, and assets of $121K (revenue -17.6% year-over-year).
- 2021: Revenue of $197K, expenses of $101K, and assets of $130K (revenue +60.2% year-over-year).
- 2020: Revenue of $123K, expenses of $119K, and assets of $33K (revenue -4.0% year-over-year).
- 2019: Revenue of $128K, expenses of $147K, and assets of $29K (revenue -1.3% year-over-year).
- 2018: Revenue of $129K, expenses of $135K, and assets of $56K (revenue +1.8% year-over-year).
- 2017: Revenue of $127K, expenses of $125K, and assets of $59K (revenue -1.8% year-over-year).
- 2016: Revenue of $129K, expenses of $129K, and assets of $54K (revenue +0.1% year-over-year).
- 2015: Revenue of $129K, expenses of $133K, and assets of $56K (revenue +4.4% year-over-year).
- 2014: Revenue of $124K, expenses of $144K, and assets of $59K (revenue -18.1% year-over-year).
- 2013: Revenue of $151K, expenses of $135K, and assets of $71K (revenue +7.8% year-over-year).
- 2012: Revenue of $140K, expenses of $161K, and assets of $54K (revenue -8.2% year-over-year).
- 2011: Revenue of $153K, expenses of $147K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buzzards Sailing School Inc:
Data Sources and Methodology
This transparency report for Buzzards Sailing School 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.