Georges Mills Boat Club
Georges Mills Boat Club shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20440331 · New London, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $67K |
| Program Spending | 85% |
| Net Assets | $189K |
| Transparency Score | 88/100 |
Is Georges Mills Boat Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georges Mills Boat Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georges Mills Boat Club
Georges Mills Boat Club (EIN: 20440331) is a nonprofit organization based in New London, NH. The organization reported total revenue of $95K and total assets of $237K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georges Mills Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georges Mills Boat Club is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $67K |
| Surplus / Deficit | +$17K |
| Total Assets | $193K |
| Total Liabilities | $4K |
| Net Assets | $189K |
| Operating Margin | 20.4% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 34.6 months |
Financial Health Grade: A
In 2023, Georges Mills Boat Club reported a surplus of $17K with revenue exceeding expenses, holds 34.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Georges Mills Boat Club's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +0.7% | +10.6% |
| 2022 | +14.2% | +8.8% | +7.9% |
| 2021 | +8.1% | -9.5% | +4.4% |
| 2020 | +12.1% | -19.0% | +0.4% |
| 2019 | +5.2% | +78.3% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Georges Mills Boat Club with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Georges Mills Boat Club 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for Georges Mills Boat Club:
- Consistent revenue growth, from $44,976 in 2014 to $84,126 in 2023.
- Strong asset accumulation, growing from $113,082 in 2014 to $193,030 in 2023.
- Zero reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
- Very low liabilities, with $4,021 in 2023, suggesting strong financial management and minimal debt.
- Consistent surpluses in most years, contributing to asset growth and financial stability.
Frequently Asked Questions about Georges Mills Boat Club
Is Georges Mills Boat Club a legitimate charity?
Georges Mills Boat Club (EIN: 20440331) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $95K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Georges Mills Boat Club spend its money?
Georges Mills Boat Club directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Georges Mills Boat Club tax-deductible?
Georges Mills Boat Club is registered as a tax-exempt nonprofit (EIN: 20440331). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Georges Mills Boat Club's spending goes to programs?
Georges Mills Boat Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Georges Mills Boat Club located?
Georges Mills Boat Club is headquartered in New London, New Hampshire and files with the IRS under EIN 20440331.
How many years of IRS 990 filings does Georges Mills Boat Club have?
Georges Mills Boat Club 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 $95K in total revenue.
Is Georges Mills Boat Club a good charity?
Based on the available financial data, Georges Mills Boat Club appears to be a well-managed organization. It consistently generates surpluses, has growing assets, and reports no officer compensation, suggesting efficient use of funds and strong volunteer engagement. Its low liabilities also indicate financial prudence.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth. Revenue has increased from $44,976 in 2014 to $84,126 in 2023, and assets have nearly doubled from $113,082 to $193,030 over the same period, indicating a healthy and expanding financial position.
What is the organization's approach to executive compensation?
The Georges Mills Boat Club reports 0% officer compensation in all available filings, meaning its executive leadership is unpaid and operates on a volunteer basis, which is a significant strength in terms of financial efficiency.
Filing History
IRS 990 filing history for Georges Mills Boat Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Georges Mills Boat Club's revenue has grown by 106%, moving from $41K to $84K. Total assets increased by 155.2% over the same period, from $76K to $193K. Total functional expenses rose by 115.6%, from $31K to $67K. In its most recent filing year (2023), Georges Mills Boat Club reported a surplus of $17K, with revenue exceeding expenses. The organization holds $4K in liabilities against $193K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $189K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $67K | $193K | $4K | — | — |
| 2022 | $79K | $67K | $175K | $3K | — | View 990 |
| 2021 | $70K | $61K | $162K | $3K | — | View 990 |
| 2020 | $64K | $68K | $155K | $4K | — | View 990 |
| 2019 | $57K | $83K | $154K | $387 | — | View 990 |
| 2018 | $54K | $47K | $180K | $100 | — | View 990 |
| 2017 | $59K | $37K | $173K | $100 | — | View 990 |
| 2016 | $56K | $46K | $151K | $0 | — | View 990 |
| 2015 | $73K | $33K | $141K | $0 | — | View 990 |
| 2014 | $45K | $31K | $113K | $12K | — | View 990 |
| 2013 | $44K | $40K | $87K | $0 | — | View 990 |
| 2012 | $39K | $31K | $84K | $0 | — | View 990 |
| 2011 | $41K | $31K | $76K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $67K, and assets of $193K (revenue +6.0% year-over-year).
- 2022: Revenue of $79K, expenses of $67K, and assets of $175K (revenue +14.2% year-over-year).
- 2021: Revenue of $70K, expenses of $61K, and assets of $162K (revenue +8.1% year-over-year).
- 2020: Revenue of $64K, expenses of $68K, and assets of $155K (revenue +12.1% year-over-year).
- 2019: Revenue of $57K, expenses of $83K, and assets of $154K (revenue +5.2% year-over-year).
- 2018: Revenue of $54K, expenses of $47K, and assets of $180K (revenue -7.8% year-over-year).
- 2017: Revenue of $59K, expenses of $37K, and assets of $173K (revenue +6.3% year-over-year).
- 2016: Revenue of $56K, expenses of $46K, and assets of $151K (revenue -23.4% year-over-year).
- 2015: Revenue of $73K, expenses of $33K, and assets of $141K (revenue +61.5% year-over-year).
- 2014: Revenue of $45K, expenses of $31K, and assets of $113K (revenue +2.7% year-over-year).
- 2013: Revenue of $44K, expenses of $40K, and assets of $87K (revenue +12.9% year-over-year).
- 2012: Revenue of $39K, expenses of $31K, and assets of $84K (revenue -5.0% year-over-year).
- 2011: Revenue of $41K, expenses of $31K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georges Mills Boat Club:
Data Sources and Methodology
This transparency report for Georges Mills Boat 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.