Community Boating Center Inc
Community Boating Center: Strong Program Spending, Limited Transparency
EIN: 222946979 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $404K |
| Program Spending | 85% |
| Net Assets | $666K |
| Transparency Score | 75/100 |
Is Community Boating Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Boating Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Boating Center Inc
Community Boating Center Inc (EIN: 222946979) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $429K and total assets of $701K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Boating Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Boating Center Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $475K |
| Total Expenses | $404K |
| Surplus / Deficit | +$71K |
| Total Assets | $679K |
| Total Liabilities | $13K |
| Net Assets | $666K |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Community Boating Center Inc reported a surplus of $71K with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Boating Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +12.1% | +17.1% |
| 2022 | -11.6% | +2.9% | -1.3% |
| 2021 | +32.1% | +15.2% | +23.5% |
| 2020 | +18.2% | -11.7% | +18.1% |
| 2019 | -9.5% | -2.9% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Boating Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Community Boating Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, suggesting it falls below the IRS reporting threshold for highly compensated employees, indicating a lean operational structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Boating Center Inc's IRS 990 filings:
- Lack of detailed program impact reporting on their public platforms.
- Absence of specific executive compensation figures in available data.
Strengths
The following positive indicators were identified for Community Boating Center Inc:
- Consistent revenue generation and asset growth over several years.
- Strong financial health with positive net assets.
- Low liability relative to assets, indicating good financial management.
Frequently Asked Questions about Community Boating Center Inc
Is Community Boating Center Inc a legitimate charity?
Community Boating Center Inc (EIN: 222946979) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $429K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Community Boating Center Inc spend its money?
Community Boating Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Community Boating Center Inc tax-deductible?
Community Boating Center Inc is registered as a tax-exempt nonprofit (EIN: 222946979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Boating Center Inc's spending goes to programs?
Community Boating Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Community Boating Center Inc located?
Community Boating Center Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222946979.
How many years of IRS 990 filings does Community Boating Center Inc have?
Community Boating Center 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 $429K in total revenue.
What does Community Boating Center Inc do?
Community Boating Center Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Community Boating Center Inc have?
Community Boating Center Inc reported total revenue of $428,502. Based on 13 IRS 990 filings on record.
What are Community Boating Center Inc's total assets?
Community Boating Center Inc holds total assets of $700,556 as reported in IRS 990 filings.
Where is Community Boating Center Inc located?
Community Boating Center Inc is based in Providence, Rhode Island.
What is Community Boating Center Inc's EIN?
Community Boating Center Inc's Employer Identification Number (EIN) is 222946979. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Boating Center Inc?
Community Boating Center Inc is classified under NTEE code Unknown (Unknown).
Is Community Boating Center Inc a registered 501(c)(3)?
Community Boating Center Inc appears in IRS records (EIN: 222946979). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Community Boating Center Inc file IRS Form 990?
Yes, Community Boating Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Community Boating Center Inc's revenue in 2023?
In the 202312 filing period, Community Boating Center Inc reported total revenue of $475,149, total expenses of $404,486, and net assets of $678,611.
Is Community Boating Center Inc's revenue growing or declining?
Community Boating Center Inc's revenue is growing. Revenue went from $390,682 (202212) to $475,149 (202312), a +21.6% change. Based on 13 filings on record.
What is Community Boating Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Community Boating Center Inc covers tax period 202312. It shows revenue of $475,149, expenses of $404,486, total assets of $678,611, and liabilities of $12,839.
How much does Community Boating Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Community Boating Center Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Boating Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Boating Center Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Community Boating Center Inc?
The following concerns were identified: Lack of detailed program impact reporting on their public platforms.. Absence of specific executive compensation figures in available data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Community Boating Center Inc's strengths?
Positive indicators for Community Boating Center Inc include: Consistent revenue generation and asset growth over several years.. Strong financial health with positive net assets.. Low liability relative to assets, indicating good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Boating Center Inc compensate executives?
Executive compensation is not disclosed in the provided data, suggesting it falls below the IRS reporting threshold for highly compensated employees, indicating a lean operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in assets and revenue, what specific strategies does Community Boating Center employ to ensure program accessibility and community engagement, especially for underserved populations in Providence, RI?
While the financial data indicates growth, the specific strategies for program accessibility and community engagement, particularly for underserved populations, are not detailed in the provided financial filings. Further investigation into their program literature or annual reports would be necessary to answer this.
How does Community Boating Center manage its operational expenses to maintain a high percentage of program spending, especially considering the fluctuating revenue over the years?
The organization consistently allocates a significant portion of its expenses to programs, as evidenced by the high program spending percentage. This suggests effective cost control measures and a focus on mission delivery, even with variations in annual revenue. For example, in 2023, total expenses were $404,486 against revenue of $475,149, maintaining a healthy margin.
Filing History
IRS 990 filing history for Community Boating Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Boating Center Inc's revenue has grown by 63.4%, moving from $291K to $475K. Total assets increased by 60.3% over the same period, from $423K to $679K. Total functional expenses rose by 30.5%, from $310K to $404K. In its most recent filing year (2023), Community Boating Center Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $13K in liabilities against $679K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $666K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $475K | $404K | $679K | $13K | — | — |
| 2022 | $391K | $361K | $579K | $6K | — | View 990 |
| 2021 | $442K | $351K | $587K | $45K | — | View 990 |
| 2020 | $335K | $304K | $475K | $38K | — | View 990 |
| 2019 | $283K | $345K | $402K | $11K | — | View 990 |
| 2018 | $313K | $355K | $454K | $13K | — | View 990 |
| 2017 | $352K | $363K | $493K | $11K | — | — |
| 2016 | $317K | $396K | $493K | $7K | — | View 990 |
| 2015 | $408K | $419K | $572K | $10K | — | View 990 |
| 2014 | $368K | $387K | $578K | $7K | — | View 990 |
| 2013 | $380K | $361K | $604K | $16K | — | View 990 |
| 2012 | $539K | $388K | $599K | $34K | — | View 990 |
| 2011 | $291K | $310K | $423K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $475K, expenses of $404K, and assets of $679K (revenue +21.6% year-over-year).
- 2022: Revenue of $391K, expenses of $361K, and assets of $579K (revenue -11.6% year-over-year).
- 2021: Revenue of $442K, expenses of $351K, and assets of $587K (revenue +32.1% year-over-year).
- 2020: Revenue of $335K, expenses of $304K, and assets of $475K (revenue +18.2% year-over-year).
- 2019: Revenue of $283K, expenses of $345K, and assets of $402K (revenue -9.5% year-over-year).
- 2018: Revenue of $313K, expenses of $355K, and assets of $454K (revenue -11.0% year-over-year).
- 2017: Revenue of $352K, expenses of $363K, and assets of $493K (revenue +10.9% year-over-year).
- 2016: Revenue of $317K, expenses of $396K, and assets of $493K (revenue -22.1% year-over-year).
- 2015: Revenue of $408K, expenses of $419K, and assets of $572K (revenue +10.7% year-over-year).
- 2014: Revenue of $368K, expenses of $387K, and assets of $578K (revenue -3.1% year-over-year).
- 2013: Revenue of $380K, expenses of $361K, and assets of $604K (revenue -29.5% year-over-year).
- 2012: Revenue of $539K, expenses of $388K, and assets of $599K (revenue +85.3% year-over-year).
- 2011: Revenue of $291K, expenses of $310K, and assets of $423K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Boating Center Inc:
Data Sources and Methodology
This transparency report for Community Boating Center 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.