Galilee Mission To Fishermen Inc
Galilee Mission To Fishermen: Strong Program Spending, Limited Transparency
EIN: 222573917 · Narragansett, RI · NTEE: L400 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 75/100 |
Is Galilee Mission To Fishermen Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Galilee Mission To Fishermen Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Galilee Mission To Fishermen Inc
Galilee Mission To Fishermen Inc (EIN: 222573917) is a nonprofit organization based in Narragansett, RI, classified under NTEE code L400. The organization reported total revenue of $3.2M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Galilee Mission To Fishermen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Galilee Mission To Fishermen Inc is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$430K |
| Total Assets | $2.1M |
| Total Liabilities | $38K |
| Net Assets | $2.1M |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 20.4 months |
Financial Health Grade: A
In 2023, Galilee Mission To Fishermen Inc reported a surplus of $430K with revenue exceeding expenses, holds 20.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Galilee Mission To Fishermen Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.7% | +18.9% | +26.2% |
| 2022 | -1.0% | +12.0% | +8.3% |
| 2021 | +11.6% | +7.1% | +6.9% |
| 2020 | +7.5% | -4.8% | +27.0% |
| 2019 | -2.7% | +4.8% | -34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
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 Galilee Mission To Fishermen 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: 80%
- fundraising: 10%
According to IRS 990 filings, Galilee Mission To Fishermen Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $430K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
The provided data consistently reports 0% compensation, suggesting that executive compensation is either non-existent, covered by volunteers, or embedded within other expense categories, making a direct assessment of executive pay impossible from the given filings.
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 Galilee Mission To Fishermen Inc's IRS 990 filings:
- Lack of detailed breakdown for administrative and fundraising expenses makes it difficult to fully assess operational efficiency.
- Consistent reporting of 0% compensation raises questions about how leadership is compensated or if all roles are volunteer-based, which is unusual for an organization of this size.
Strengths
The following positive indicators were identified for Galilee Mission To Fishermen Inc:
- Consistent revenue generation and asset growth over several years, indicating financial stability.
- Strong program spending implied by the overall expense figures relative to revenue, assuming low administrative overhead.
- Positive net assets consistently reported, demonstrating good financial health.
Frequently Asked Questions about Galilee Mission To Fishermen Inc
Is Galilee Mission To Fishermen Inc a legitimate charity?
Galilee Mission To Fishermen Inc (EIN: 222573917) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Galilee Mission To Fishermen Inc spend its money?
Galilee Mission To Fishermen Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Galilee Mission To Fishermen Inc tax-deductible?
Galilee Mission To Fishermen Inc is registered as a tax-exempt nonprofit (EIN: 222573917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Galilee Mission To Fishermen Inc's spending goes to programs?
Galilee Mission To Fishermen Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Galilee Mission To Fishermen Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Galilee Mission To Fishermen Inc is above average for NTEE category L400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Galilee Mission To Fishermen Inc located?
Galilee Mission To Fishermen Inc is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 222573917. It is classified under NTEE code L400.
How many years of IRS 990 filings does Galilee Mission To Fishermen Inc have?
Galilee Mission To Fishermen Inc has 12 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 $3.2M in total revenue.
What does Galilee Mission To Fishermen Inc do?
Galilee Mission To Fishermen Inc is a nonprofit organization in the Housing & Shelter sector, located in Narragansett, Rhode Island. It is classified under NTEE code L400.
How much revenue does Galilee Mission To Fishermen Inc have?
Galilee Mission To Fishermen Inc reported total revenue of $3,208,919. Based on 12 IRS 990 filings on record.
What are Galilee Mission To Fishermen Inc's total assets?
Galilee Mission To Fishermen Inc holds total assets of $2,928,194 as reported in IRS 990 filings.
Where is Galilee Mission To Fishermen Inc located?
Galilee Mission To Fishermen Inc is based in Narragansett, Rhode Island.
What is Galilee Mission To Fishermen Inc's EIN?
Galilee Mission To Fishermen Inc's Employer Identification Number (EIN) is 222573917. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Galilee Mission To Fishermen Inc?
Galilee Mission To Fishermen Inc is classified under NTEE code L400 (Housing & Shelter).
Is Galilee Mission To Fishermen Inc a registered 501(c)(3)?
Yes, Galilee Mission To Fishermen Inc is recognized as a tax-exempt organization by the IRS. EIN: 222573917.
Does Galilee Mission To Fishermen Inc file IRS Form 990?
Yes, Galilee Mission To Fishermen Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Galilee Mission To Fishermen Inc's revenue in 2023?
In the 202306 filing period, Galilee Mission To Fishermen Inc reported total revenue of $1,687,219, total expenses of $1,257,405, and net assets of $2,134,641.
Is Galilee Mission To Fishermen Inc's revenue growing or declining?
Galilee Mission To Fishermen Inc's revenue is growing. Revenue went from $1,166,139 (202206) to $1,687,219 (202306), a +44.7% change. Based on 12 filings on record.
What is Galilee Mission To Fishermen Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Galilee Mission To Fishermen Inc covers tax period 202306. It shows revenue of $1,687,219, expenses of $1,257,405, total assets of $2,134,641, and liabilities of $37,745.
How much does Galilee Mission To Fishermen Inc spend on programs vs administration?
Based on IRS 990 analysis, Galilee Mission To Fishermen Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Galilee Mission To Fishermen Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Galilee Mission To Fishermen Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Galilee Mission To Fishermen Inc?
The following concerns were identified: Lack of detailed breakdown for administrative and fundraising expenses makes it difficult to fully assess operational efficiency.. Consistent reporting of 0% compensation raises questions about how leadership is compensated or if all roles are volunteer-based, which is unusual for an organization of this size.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Galilee Mission To Fishermen Inc's strengths?
Positive indicators for Galilee Mission To Fishermen Inc include: Consistent revenue generation and asset growth over several years, indicating financial stability.. Strong program spending implied by the overall expense figures relative to revenue, assuming low administrative overhead.. Positive net assets consistently reported, demonstrating good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Galilee Mission To Fishermen Inc compensate executives?
The provided data consistently reports 0% compensation, suggesting that executive compensation is either non-existent, covered by volunteers, or embedded within other expense categories, making a direct assessment of executive pay impossible from the given filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation reported, how does Galilee Mission To Fishermen Inc attract and retain leadership and skilled staff to manage its operations and programs?
The consistent 0% compensation suggests a heavy reliance on volunteer leadership and staff, or that compensation is categorized under other operational expenses not explicitly detailed in the provided data. Further investigation into their operational model and staffing structure would be necessary to understand this.
What specific programs or initiatives are primarily responsible for the significant increase in revenue from $1,166,139 in 2022 to $1,687,219 in 2023?
The provided data does not detail specific programs or initiatives. The revenue increase of over $500,000 between 2022 and 2023 could be due to successful fundraising campaigns, new grants, or expansion of existing services, but the exact drivers are not specified in the filings.
Filing History
IRS 990 filing history for Galilee Mission To Fishermen Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Galilee Mission To Fishermen Inc's revenue has grown by 397.7%, moving from $339K to $1.7M. Total assets increased by 393.7% over the same period, from $432K to $2.1M. Total functional expenses rose by 231.2%, from $380K to $1.3M. In its most recent filing year (2023), Galilee Mission To Fishermen Inc reported a surplus of $430K, with revenue exceeding expenses. The organization holds $38K in liabilities against $2.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.3M | $2.1M | $38K | — | View 990 |
| 2022 | $1.2M | $1.1M | $1.7M | $24K | — | View 990 |
| 2021 | $1.2M | $944K | $1.6M | $23K | — | View 990 |
| 2020 | $1.1M | $882K | $1.5M | $156K | — | View 990 |
| 2019 | $982K | $926K | $1.2M | $20K | — | View 990 |
| 2018 | $1.0M | $884K | $1.8M | $676K | — | View 990 |
| 2017 | $818K | $731K | $1.3M | $379K | — | View 990 |
| 2016 | $760K | $654K | $1.4M | $498K | — | View 990 |
| 2014 | $642K | $448K | $763K | $266K | — | View 990 |
| 2013 | $460K | $409K | $521K | $218K | — | View 990 |
| 2012 | $416K | $386K | $470K | $218K | — | View 990 |
| 2011 | $339K | $380K | $432K | $210K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.3M, and assets of $2.1M (revenue +44.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue -1.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $944K, and assets of $1.6M (revenue +11.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $882K, and assets of $1.5M (revenue +7.5% year-over-year).
- 2019: Revenue of $982K, expenses of $926K, and assets of $1.2M (revenue -2.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $884K, and assets of $1.8M (revenue +23.4% year-over-year).
- 2017: Revenue of $818K, expenses of $731K, and assets of $1.3M (revenue +7.6% year-over-year).
- 2016: Revenue of $760K, expenses of $654K, and assets of $1.4M (revenue +18.5% year-over-year).
- 2014: Revenue of $642K, expenses of $448K, and assets of $763K (revenue +39.6% year-over-year).
- 2013: Revenue of $460K, expenses of $409K, and assets of $521K (revenue +10.4% year-over-year).
- 2012: Revenue of $416K, expenses of $386K, and assets of $470K (revenue +22.8% year-over-year).
- 2011: Revenue of $339K, expenses of $380K, and assets of $432K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Galilee Mission To Fishermen Inc:
Data Sources and Methodology
This transparency report for Galilee Mission To Fishermen 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.