Canal Dock Boathouse Inc
EIN: 464634200 · New Haven, CT · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $379K |
| Total Expenses | $497K |
| Net Assets | $216K |
Is Canal Dock Boathouse Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Canal Dock Boathouse Inc
Canal Dock Boathouse Inc (EIN: 464634200) is a nonprofit organization based in New Haven, CT, classified under NTEE code N67. The organization reported total revenue of $379K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canal Dock Boathouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canal Dock Boathouse Inc is a small nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $516K |
| Total Expenses | $497K |
| Surplus / Deficit | +$19K |
| Total Assets | $219K |
| Total Liabilities | $2K |
| Net Assets | $216K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Canal Dock Boathouse Inc reported a surplus of $19K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Canal Dock Boathouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +57.5% | +6.8% |
| 2022 | +36.2% | +52.5% | +44.2% |
| 2021 | +59.4% | +24.7% | +91.2% |
| 2020 | -35.4% | -55.4% | -43.3% |
| 2019 | +51.3% | +192.0% | -43.1% |
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 Canal Dock Boathouse 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 Canal Dock Boathouse 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 $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Canal Dock Boathouse Inc
Is Canal Dock Boathouse Inc a legitimate charity?
Canal Dock Boathouse Inc (EIN: 464634200) is a registered tax-exempt nonprofit based in Connecticut. It has 6 years of IRS 990 filings on record. Total revenue: $379K. No red flags identified. Financial health grade: A.
How does Canal Dock Boathouse Inc spend its money?
Canal Dock Boathouse Inc reported $379K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Canal Dock Boathouse Inc tax-deductible?
Canal Dock Boathouse Inc is registered as a tax-exempt nonprofit (EIN: 464634200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Canal Dock Boathouse Inc located?
Canal Dock Boathouse Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 464634200. It is classified under NTEE code N67.
How many years of IRS 990 filings does Canal Dock Boathouse Inc have?
Canal Dock Boathouse Inc has 6 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 $379K in total revenue.
Filing History
IRS 990 filing history for Canal Dock Boathouse Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Canal Dock Boathouse Inc's revenue has grown by 192%, moving from $177K to $516K. Total assets decreased by 4.9% over the same period, from $230K to $219K. Total functional expenses rose by 289.6%, from $127K to $497K. In its most recent filing year (2023), Canal Dock Boathouse Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $2K in liabilities against $219K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $516K | $497K | $219K | $2K | — | — |
| 2022 | $375K | $315K | $205K | $7K | — | View 990 |
| 2021 | $275K | $207K | $142K | $4K | — | View 990 |
| 2020 | $173K | $166K | $74K | $5K | — | View 990 |
| 2019 | $267K | $372K | $131K | $76K | — | View 990 |
| 2018 | $177K | $127K | $230K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $516K, expenses of $497K, and assets of $219K (revenue +37.7% year-over-year).
- 2022: Revenue of $375K, expenses of $315K, and assets of $205K (revenue +36.2% year-over-year).
- 2021: Revenue of $275K, expenses of $207K, and assets of $142K (revenue +59.4% year-over-year).
- 2020: Revenue of $173K, expenses of $166K, and assets of $74K (revenue -35.4% year-over-year).
- 2019: Revenue of $267K, expenses of $372K, and assets of $131K (revenue +51.3% year-over-year).
- 2018: Revenue of $177K, expenses of $127K, and assets of $230K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Canal Dock Boathouse Inc:
Data Sources and Methodology
This transparency report for Canal Dock Boathouse 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.