Dredging Contractors Of America
Dredging Contractors Of America faces declining revenue and consistent operating deficits.
EIN: 135265950 · Washington, DC · Updated: 2026-03-28
Is Dredging Contractors Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dredging Contractors Of America directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Dredging Contractors Of America
Dredging Contractors Of America (EIN: 135265950) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $580K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dredging Contractors Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dredging Contractors Of America is a small nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $535K |
| Surplus / Deficit | $-140,187 |
| Total Assets | $76K |
| Total Liabilities | $2K |
| Net Assets | $74K |
| Operating Margin | -35.6% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Dredging Contractors Of America reported a deficit of $140K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dredging Contractors Of America's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.7% | -20.2% | -64.8% |
| 2022 | -21.5% | +2.9% | -27.8% |
| 2021 | -23.7% | -27.2% | +46.8% |
| 2020 | -7.5% | -11.4% | +72.7% |
| 2019 | +21.7% | +12.6% | +69.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Dredging Contractors Of America with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Dredging Contractors Of America allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $140K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990 form. This is unusual for an organization with annual expenses often exceeding $500,000.
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 Dredging Contractors Of America's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $140,187 in 2023, $83,688 in 2022).
- Significant decline in revenue from $1,057,374 in 2019 to $394,323 in 2023.
- Decreasing asset base from $300,014 in 2021 to $76,300 in 2023, suggesting asset depletion.
- Unusually low liabilities, which could indicate a lack of significant debt but also potential cash flow issues if expenses consistently outpace revenue.
Strengths
The following positive indicators were identified for Dredging Contractors Of America:
- Consistent reporting of 0% officer compensation, indicating potential volunteer leadership or highly efficient compensation practices.
- Maintained positive assets despite operating deficits, though the trend is downward.
- Long filing history (13 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Dredging Contractors Of America
Is Dredging Contractors Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, Dredging Contractors Of America (EIN: 135265950) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Dredging Contractors Of America spend its money?
Dredging Contractors Of America directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dredging Contractors Of America tax-deductible?
Dredging Contractors Of America is registered as a tax-exempt nonprofit (EIN: 135265950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dredging Contractors Of America a good charity?
DCA's financial health shows signs of stress due to consistent operating deficits in recent years (e.g., $140,187 deficit in 2023). While the lack of officer compensation could be seen positively for efficiency, the overall financial trend raises concerns about long-term sustainability and impact.
Why is revenue consistently declining?
Revenue has steadily decreased from a peak of $1,057,374 in 2019 to $394,323 in 2023. The filings do not provide specific reasons for this decline, but it is a significant trend impacting the organization's financial stability.
How does the organization cover its operating deficits?
With expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2018, 2016), the organization appears to be drawing down its assets or relying on prior year surpluses. Assets have decreased from $300,014 in 2021 to $76,300 in 2023, indicating asset utilization to cover shortfalls.
Filing History
IRS 990 filing history for Dredging Contractors Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dredging Contractors Of America's revenue has declined by 59.5%, moving from $975K to $394K. Total assets increased by 63.7% over the same period, from $47K to $76K. Total functional expenses fell by 54.7%, from $1.2M to $535K. In its most recent filing year (2023), Dredging Contractors Of America reported a deficit of $140K, with expenses exceeding revenue. The organization holds $2K in liabilities against $76K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $535K | $76K | $2K | — | — |
| 2022 | $586K | $669K | $217K | $2K | — | View 990 |
| 2021 | $746K | $651K | $300K | $2K | — | View 990 |
| 2020 | $978K | $894K | $204K | $2K | — | View 990 |
| 2019 | $1.1M | $1.0M | $118K | $0 | — | View 990 |
| 2018 | $868K | $896K | $70K | $0 | — | View 990 |
| 2017 | $951K | $935K | $101K | $4K | — | View 990 |
| 2016 | $860K | $997K | $82K | $0 | — | View 990 |
| 2015 | $863K | $858K | $219K | $0 | — | View 990 |
| 2014 | $788K | $817K | $214K | $171 | — | View 990 |
| 2013 | $931K | $830K | $243K | $0 | — | View 990 |
| 2012 | $1.1M | $982K | $143K | $0 | — | View 990 |
| 2011 | $975K | $1.2M | $47K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $535K, and assets of $76K (revenue -32.7% year-over-year).
- 2022: Revenue of $586K, expenses of $669K, and assets of $217K (revenue -21.5% year-over-year).
- 2021: Revenue of $746K, expenses of $651K, and assets of $300K (revenue -23.7% year-over-year).
- 2020: Revenue of $978K, expenses of $894K, and assets of $204K (revenue -7.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $118K (revenue +21.7% year-over-year).
- 2018: Revenue of $868K, expenses of $896K, and assets of $70K (revenue -8.7% year-over-year).
- 2017: Revenue of $951K, expenses of $935K, and assets of $101K (revenue +10.6% year-over-year).
- 2016: Revenue of $860K, expenses of $997K, and assets of $82K (revenue -0.3% year-over-year).
- 2015: Revenue of $863K, expenses of $858K, and assets of $219K (revenue +9.5% year-over-year).
- 2014: Revenue of $788K, expenses of $817K, and assets of $214K (revenue -15.3% year-over-year).
- 2013: Revenue of $931K, expenses of $830K, and assets of $243K (revenue -13.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $982K, and assets of $143K (revenue +10.6% year-over-year).
- 2011: Revenue of $975K, expenses of $1.2M, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dredging Contractors Of America:
Data Sources and Methodology
This transparency report for Dredging Contractors Of America 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.