Going Coastal Inc
Going Coastal Inc. experiences significant revenue surge and eliminates liabilities in latest fiscal year.
EIN: 161666507 · Stamford, CT · NTEE: C32 · Updated: 2026-03-28
Is Going Coastal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Going Coastal Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Going Coastal Inc
Going Coastal Inc (EIN: 161666507) is a nonprofit organization based in Stamford, CT, classified under NTEE code C32. The organization reported total revenue of $13K and total assets of $584K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Going Coastal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Going Coastal Inc is a micro 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 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $622K |
| Total Expenses | $75K |
| Surplus / Deficit | +$547K |
| Total Assets | $597K |
| Net Assets | $597K |
| Operating Margin | 87.9% |
| Months of Reserves | 95.3 months |
Financial Health Grade: A
In 2023, Going Coastal Inc reported a surplus of $547K with revenue exceeding expenses, holds 95.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Going Coastal Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +725.3% | -6.2% | +147.4% |
| 2022 | -6.4% | +15.6% | -6.7% |
| 2021 | -28.4% | +27.2% | -12.8% |
| 2020 | +29.4% | -20.1% | +16.9% |
| 2019 | +23.0% | -0.1% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Going Coastal Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Going Coastal Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $547K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for directing funds to programs.
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 Going Coastal Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, with a large unexplained jump in 2023, warrants further investigation into funding sources.
Strengths
The following positive indicators were identified for Going Coastal Inc:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs.
- Strong program focus implied by NTEE code C32 and efficient spending in 2023.
- Elimination of liabilities and significant asset growth in the latest fiscal year ($597,426 assets, $0 liabilities in 2023).
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Going Coastal Inc
Is Going Coastal Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Going Coastal Inc (EIN: 161666507) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Going Coastal Inc spend its money?
Going Coastal Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Going Coastal Inc tax-deductible?
Going Coastal Inc is registered as a tax-exempt nonprofit (EIN: 161666507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the substantial increase in revenue from $75,335 in 2022 to $621,725 in 2023?
The IRS 990 filings show a dramatic increase in revenue for Going Coastal Inc. in the 2023 fiscal year. Further details within the full 990 form would be needed to identify the specific sources, such as a major grant, large individual donation, or successful fundraising campaign.
How does Going Coastal Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's key leadership roles are filled by volunteers or that compensation is structured in a way that it is not reported as officer compensation on the 990 form. This is a strong indicator of dedication to the mission and efficient use of funds.
What are the specific program activities funded by Going Coastal Inc. given its NTEE code C32?
With an NTEE code of C32 (Marine Mammal Protection), Going Coastal Inc. likely engages in activities such as marine mammal rescue, rehabilitation, research, advocacy, or public education related to marine mammal conservation. The full 990 form would provide a detailed description of program service accomplishments.
Is the recent financial stability, particularly the $0 liabilities in 2023, sustainable?
The elimination of liabilities and significant asset growth in 2023 indicates strong financial health for that period. Sustainability will depend on the consistency of revenue streams and continued prudent financial management. The historical fluctuations suggest careful monitoring is warranted.
Filing History
IRS 990 filing history for Going Coastal Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Going Coastal Inc's revenue has grown by 326%, moving from $146K to $622K. Total assets increased by 868.8% over the same period, from $62K to $597K. Total functional expenses fell by 21.7%, from $96K to $75K. In its most recent filing year (2023), Going Coastal Inc reported a surplus of $547K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $622K | $75K | $597K | $0 | — | View 990 |
| 2022 | $75K | $80K | $242K | $195K | — | View 990 |
| 2021 | $80K | $69K | $259K | $208K | — | — |
| 2020 | $112K | $55K | $297K | $212K | — | — |
| 2019 | $87K | $68K | $254K | $227K | — | View 990 |
| 2018 | $71K | $68K | $231K | $222K | — | View 990 |
| 2017 | $56K | $74K | $197K | $191K | — | View 990 |
| 2016 | $81K | $82K | $193K | $180K | — | View 990 |
| 2015 | $67K | $70K | $191K | $178K | — | — |
| 2014 | $53K | $76K | $172K | $156K | — | View 990 |
| 2013 | $63K | $48K | $40K | $5K | — | View 990 |
| 2012 | $79K | $111K | $25K | $5K | — | View 990 |
| 2011 | $146K | $96K | $62K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $622K, expenses of $75K, and assets of $597K (revenue +725.3% year-over-year).
- 2022: Revenue of $75K, expenses of $80K, and assets of $242K (revenue -6.4% year-over-year).
- 2021: Revenue of $80K, expenses of $69K, and assets of $259K (revenue -28.4% year-over-year).
- 2020: Revenue of $112K, expenses of $55K, and assets of $297K (revenue +29.4% year-over-year).
- 2019: Revenue of $87K, expenses of $68K, and assets of $254K (revenue +23.0% year-over-year).
- 2018: Revenue of $71K, expenses of $68K, and assets of $231K (revenue +26.8% year-over-year).
- 2017: Revenue of $56K, expenses of $74K, and assets of $197K (revenue -31.3% year-over-year).
- 2016: Revenue of $81K, expenses of $82K, and assets of $193K (revenue +20.3% year-over-year).
- 2015: Revenue of $67K, expenses of $70K, and assets of $191K (revenue +28.2% year-over-year).
- 2014: Revenue of $53K, expenses of $76K, and assets of $172K (revenue -16.4% year-over-year).
- 2013: Revenue of $63K, expenses of $48K, and assets of $40K (revenue -20.6% year-over-year).
- 2012: Revenue of $79K, expenses of $111K, and assets of $25K (revenue -45.8% year-over-year).
- 2011: Revenue of $146K, expenses of $96K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Going Coastal Inc:
Data Sources and Methodology
This transparency report for Going Coastal 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.