Friends Of The Washington Canoe Club
Friends Of The Washington Canoe Club shows strong asset growth and no officer compensation over the past decade.
EIN: 20606647 · Washington, DC · NTEE: N60 · Updated: 2026-03-28
Is Friends Of The Washington Canoe Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Washington Canoe Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Washington Canoe Club
Friends Of The Washington Canoe Club (EIN: 20606647) is a nonprofit organization based in Washington, DC, classified under NTEE code N60. The organization reported total revenue of $723K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Washington Canoe Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Washington Canoe Club is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $272K |
| Surplus / Deficit | +$240K |
| Total Assets | $2.3M |
| Total Liabilities | $177 |
| Net Assets | $2.3M |
| Operating Margin | 46.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.1 months |
Financial Health Grade: A
In 2023, Friends Of The Washington Canoe Club reported a surplus of $240K with revenue exceeding expenses, holds 102.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Washington Canoe Club's revenue has grown at a compound annual growth rate (CAGR) of 33.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | +66.0% | +17.7% |
| 2022 | +43.8% | -8.2% | +17.1% |
| 2021 | +2.9% | +69.2% | +26.8% |
| 2020 | +10.4% | -31.7% | +31.8% |
| 2019 | +24.3% | -23.1% | +31.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Friends Of The Washington Canoe Club with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of The Washington Canoe Club allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and a commitment to directing all funds towards the organization's mission rather than executive salaries.
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 Friends Of The Washington Canoe Club's IRS 990 filings:
- Specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary data, making a precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Friends Of The Washington Canoe Club:
- Consistent asset growth, from $270,351 in 2014 to $2,312,617 in 2023.
- Zero officer compensation reported across all 13 filings, indicating volunteer leadership.
- Revenue consistently exceeds expenses, leading to healthy surpluses (e.g., $511,704 revenue vs. $271,723 expenses in 2023).
- Strong financial stability with low liabilities relative to assets (e.g., $177 liabilities vs. $2,312,617 assets in 2023).
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Friends Of The Washington Canoe Club
Is Friends Of The Washington Canoe Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Washington Canoe Club (EIN: 20606647) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of The Washington Canoe Club spend its money?
Friends Of The Washington Canoe Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Washington Canoe Club tax-deductible?
Friends Of The Washington Canoe Club is registered as a tax-exempt nonprofit (EIN: 20606647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Washington Canoe Club a good charity?
Based on the provided financial data, Friends Of The Washington Canoe Club appears to be a very good charity. They demonstrate strong financial health, consistent asset growth, and a commitment to volunteer leadership with 0% officer compensation reported across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets grew from $270,351 in 2014 to $2,312,617 in 2023, and revenue has steadily increased from $158,816 in 2014 to $511,704 in 2023, consistently outpacing expenses.
What is the organization's approach to executive compensation?
Friends Of The Washington Canoe Club has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests that leadership roles are filled by volunteers, maximizing funds available for programs.
Filing History
IRS 990 filing history for Friends Of The Washington Canoe Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Washington Canoe Club's revenue has grown by 2994.9%, moving from $17K to $512K. Total assets increased by 2197.7% over the same period, from $101K to $2.3M. Total functional expenses rose by 306.6%, from $67K to $272K. In its most recent filing year (2023), Friends Of The Washington Canoe Club reported a surplus of $240K, with revenue exceeding expenses. The organization holds $177 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $272K | $2.3M | $177 | — | — |
| 2022 | $592K | $164K | $2.0M | $177 | — | View 990 |
| 2021 | $412K | $178K | $1.7M | $177 | — | View 990 |
| 2020 | $400K | $105K | $1.3M | $177 | — | — |
| 2019 | $362K | $154K | $1.0M | $0 | — | View 990 |
| 2018 | $292K | $201K | $761K | $0 | — | View 990 |
| 2017 | $299K | $201K | $685K | $15K | — | View 990 |
| 2016 | $201K | $167K | $588K | $22K | — | View 990 |
| 2015 | $391K | $127K | $535K | $0 | — | View 990 |
| 2014 | $159K | $163K | $270K | $0 | — | View 990 |
| 2013 | $132K | $73K | $275K | $0 | — | View 990 |
| 2012 | $24K | $19K | $216K | $399 | — | View 990 |
| 2011 | $17K | $67K | $101K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $272K, and assets of $2.3M (revenue -13.6% year-over-year).
- 2022: Revenue of $592K, expenses of $164K, and assets of $2.0M (revenue +43.8% year-over-year).
- 2021: Revenue of $412K, expenses of $178K, and assets of $1.7M (revenue +2.9% year-over-year).
- 2020: Revenue of $400K, expenses of $105K, and assets of $1.3M (revenue +10.4% year-over-year).
- 2019: Revenue of $362K, expenses of $154K, and assets of $1.0M (revenue +24.3% year-over-year).
- 2018: Revenue of $292K, expenses of $201K, and assets of $761K (revenue -2.7% year-over-year).
- 2017: Revenue of $299K, expenses of $201K, and assets of $685K (revenue +48.7% year-over-year).
- 2016: Revenue of $201K, expenses of $167K, and assets of $588K (revenue -48.4% year-over-year).
- 2015: Revenue of $391K, expenses of $127K, and assets of $535K (revenue +145.9% year-over-year).
- 2014: Revenue of $159K, expenses of $163K, and assets of $270K (revenue +20.7% year-over-year).
- 2013: Revenue of $132K, expenses of $73K, and assets of $275K (revenue +447.9% year-over-year).
- 2012: Revenue of $24K, expenses of $19K, and assets of $216K (revenue +45.3% year-over-year).
- 2011: Revenue of $17K, expenses of $67K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Washington Canoe Club:
Data Sources and Methodology
This transparency report for Friends Of The Washington Canoe Club 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.