Chesapeake And Ohio Canal Association Inc
EIN: 541384406 · Glen Echo, MD
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $25K |
| Net Assets | $399K |
Is Chesapeake And Ohio Canal Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chesapeake And Ohio Canal Association Inc
Chesapeake And Ohio Canal Association Inc (EIN: 541384406) is a nonprofit organization based in Glen Echo, MD. The organization reported total revenue of $133K and total assets of $633K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesapeake And Ohio Canal Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesapeake And Ohio Canal Association Inc is a small nonprofit that has been operating for 40 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $25K |
| Surplus / Deficit | +$30K |
| Total Assets | $405K |
| Total Liabilities | $6K |
| Net Assets | $399K |
| Operating Margin | 54.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 193.7 months |
Financial Health Grade: A
In 2023, Chesapeake And Ohio Canal Association Inc reported a surplus of $30K with revenue exceeding expenses, holds 193.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Chesapeake And Ohio Canal Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | -39.7% | +8.0% |
| 2022 | -55.4% | -74.0% | +3.2% |
| 2021 | +160.8% | +345.9% | -2.9% |
| 2020 | -44.4% | -21.2% | +6.3% |
| 2019 | +61.8% | -12.3% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chesapeake And Ohio Canal Association 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 Chesapeake And Ohio Canal Association 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Chesapeake And Ohio Canal Association Inc
Is Chesapeake And Ohio Canal Association Inc a legitimate charity?
Chesapeake And Ohio Canal Association Inc (EIN: 541384406) is a registered tax-exempt nonprofit based in Maryland. It has 11 years of IRS 990 filings on record. Total revenue: $133K. No red flags identified. Financial health grade: A.
How does Chesapeake And Ohio Canal Association Inc spend its money?
Chesapeake And Ohio Canal Association Inc reported $133K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chesapeake And Ohio Canal Association Inc tax-deductible?
Chesapeake And Ohio Canal Association Inc is registered as a tax-exempt nonprofit (EIN: 541384406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chesapeake And Ohio Canal Association Inc located?
Chesapeake And Ohio Canal Association Inc is headquartered in Glen Echo, Maryland and files with the IRS under EIN 541384406.
How many years of IRS 990 filings does Chesapeake And Ohio Canal Association Inc have?
Chesapeake And Ohio Canal Association Inc has 11 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 $133K in total revenue.
Filing History
IRS 990 filing history for Chesapeake And Ohio Canal Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Chesapeake And Ohio Canal Association Inc's revenue has grown by 8.9%, moving from $50K to $55K. Total assets increased by 121.2% over the same period, from $183K to $405K. Total functional expenses fell by 22.2%, from $32K to $25K. In its most recent filing year (2023), Chesapeake And Ohio Canal Association Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $6K in liabilities against $405K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $55K | $25K | $405K | $6K | — | View 990 |
| 2022 | $64K | $42K | $375K | $7K | — | View 990 |
| 2021 | $144K | $160K | $363K | $18K | — | — |
| 2020 | $55K | $36K | $374K | $13K | — | — |
| 2019 | $99K | $45K | $352K | $10K | — | View 990 |
| 2017 | $61K | $52K | $312K | $12K | — | View 990 |
| 2016 | $100K | $43K | $297K | $6K | — | View 990 |
| 2015 | $51K | $38K | $242K | $9K | — | View 990 |
| 2013 | $41K | $27K | $210K | $1K | — | View 990 |
| 2012 | $54K | $53K | $185K | $2K | — | View 990 |
| 2011 | $50K | $32K | $183K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $55K, expenses of $25K, and assets of $405K (revenue -14.4% year-over-year).
- 2022: Revenue of $64K, expenses of $42K, and assets of $375K (revenue -55.4% year-over-year).
- 2021: Revenue of $144K, expenses of $160K, and assets of $363K (revenue +160.8% year-over-year).
- 2020: Revenue of $55K, expenses of $36K, and assets of $374K (revenue -44.4% year-over-year).
- 2019: Revenue of $99K, expenses of $45K, and assets of $352K (revenue +61.8% year-over-year).
- 2017: Revenue of $61K, expenses of $52K, and assets of $312K (revenue -38.6% year-over-year).
- 2016: Revenue of $100K, expenses of $43K, and assets of $297K (revenue +97.4% year-over-year).
- 2015: Revenue of $51K, expenses of $38K, and assets of $242K (revenue +22.6% year-over-year).
- 2013: Revenue of $41K, expenses of $27K, and assets of $210K (revenue -23.0% year-over-year).
- 2012: Revenue of $54K, expenses of $53K, and assets of $185K (revenue +6.2% year-over-year).
- 2011: Revenue of $50K, expenses of $32K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesapeake And Ohio Canal Association Inc:
Data Sources and Methodology
This transparency report for Chesapeake And Ohio Canal Association 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.