Mat Su Sea Hawkers Inc
Mat Su Sea Hawkers Inc. maintains strong financial reserves and zero executive compensation, with fluctuating but generally increasing revenue.
EIN: 205446248 · Palmer, AK · NTEE: P122 · Updated: 2026-03-28
Is Mat Su Sea Hawkers Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mat Su Sea Hawkers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mat Su Sea Hawkers Inc
Mat Su Sea Hawkers Inc (EIN: 205446248) is a nonprofit organization based in Palmer, AK, classified under NTEE code P122. The organization reported total revenue of $1.1M and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mat Su Sea Hawkers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mat Su Sea Hawkers Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $26K |
| Surplus / Deficit | +$64K |
| Total Assets | $270K |
| Net Assets | $270K |
| Operating Margin | 70.9% |
| Months of Reserves | 123.0 months |
Financial Health Grade: A
In 2023, Mat Su Sea Hawkers Inc reported a surplus of $64K with revenue exceeding expenses, holds 123.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mat Su Sea Hawkers Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +130.4% | -30.8% | +31.1% |
| 2022 | -33.9% | +12.7% | +0.6% |
| 2021 | +419.4% | +364.0% | +14.3% |
| 2020 | -69.5% | -78.1% | +2.4% |
| 2019 | -40.0% | +26.6% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Mat Su Sea Hawkers Inc with a Mission Score of 90 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, Mat Su Sea Hawkers Inc 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 $64K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly favorable, as it means all funds can be directed towards the organization's mission rather than 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.
Strengths
The following positive indicators were identified for Mat Su Sea Hawkers Inc:
- Consistent growth in assets, from $93,018 in 2014 to $270,039 in 2023.
- Zero reported officer compensation across all filings, indicating a volunteer-driven model.
- No reported liabilities, demonstrating strong financial management and low risk.
- Favorable expense-to-revenue ratio, with expenses at 29.1% of revenue in 2023 ($26,347 / $90,472).
- Extensive filing history (13 filings) providing good financial transparency.
Frequently Asked Questions about Mat Su Sea Hawkers Inc
Is Mat Su Sea Hawkers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mat Su Sea Hawkers Inc (EIN: 205446248) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mat Su Sea Hawkers Inc spend its money?
Mat Su Sea Hawkers Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mat Su Sea Hawkers Inc tax-deductible?
Mat Su Sea Hawkers Inc is registered as a tax-exempt nonprofit (EIN: 205446248). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mat Su Sea Hawkers Inc. financially stable?
Yes, Mat Su Sea Hawkers Inc. appears financially stable. They consistently report zero liabilities and have grown their assets from $93,018 in 2014 to $270,039 in 2023, indicating strong financial health and reserves.
How much of Mat Su Sea Hawkers Inc.'s revenue goes to executive salaries?
Based on the IRS 990 filings, Mat Su Sea Hawkers Inc. reports 0% officer compensation across all periods, meaning no revenue goes to executive salaries.
What is the trend in Mat Su Sea Hawkers Inc.'s revenue?
Mat Su Sea Hawkers Inc.'s revenue has fluctuated over the years but shows an overall upward trend, with the latest reported revenue of $90,472 in 2023 being significantly higher than earlier years like $11,438 in 2020.
Does Mat Su Sea Hawkers Inc. have any debt?
No, Mat Su Sea Hawkers Inc. consistently reports $0 in liabilities across all recent filings, indicating they operate without debt.
Filing History
IRS 990 filing history for Mat Su Sea Hawkers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mat Su Sea Hawkers Inc's revenue has grown by 154.3%, moving from $36K to $90K. Total assets increased by 526.7% over the same period, from $43K to $270K. Total functional expenses rose by 3.4%, from $25K to $26K. In its most recent filing year (2023), Mat Su Sea Hawkers Inc reported a surplus of $64K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $26K | $270K | $0 | — | View 990 |
| 2022 | $39K | $38K | $206K | $0 | — | View 990 |
| 2021 | $59K | $34K | $205K | $0 | — | — |
| 2020 | $11K | $7K | $179K | $0 | — | View 990 |
| 2019 | $38K | $33K | $175K | $0 | — | View 990 |
| 2018 | $63K | $26K | $171K | $0 | — | View 990 |
| 2017 | $35K | $35K | $134K | $0 | — | View 990 |
| 2016 | $57K | $32K | $134K | $0 | — | View 990 |
| 2015 | $46K | $29K | $110K | $0 | — | View 990 |
| 2014 | $71K | $32K | $93K | $547 | — | View 990 |
| 2013 | $20K | $11K | $55K | $2K | — | View 990 |
| 2012 | $20K | $15K | $47K | $3K | — | View 990 |
| 2011 | $36K | $25K | $43K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $26K, and assets of $270K (revenue +130.4% year-over-year).
- 2022: Revenue of $39K, expenses of $38K, and assets of $206K (revenue -33.9% year-over-year).
- 2021: Revenue of $59K, expenses of $34K, and assets of $205K (revenue +419.4% year-over-year).
- 2020: Revenue of $11K, expenses of $7K, and assets of $179K (revenue -69.5% year-over-year).
- 2019: Revenue of $38K, expenses of $33K, and assets of $175K (revenue -40.0% year-over-year).
- 2018: Revenue of $63K, expenses of $26K, and assets of $171K (revenue +77.6% year-over-year).
- 2017: Revenue of $35K, expenses of $35K, and assets of $134K (revenue -37.7% year-over-year).
- 2016: Revenue of $57K, expenses of $32K, and assets of $134K (revenue +22.0% year-over-year).
- 2015: Revenue of $46K, expenses of $29K, and assets of $110K (revenue -34.6% year-over-year).
- 2014: Revenue of $71K, expenses of $32K, and assets of $93K (revenue +246.7% year-over-year).
- 2013: Revenue of $20K, expenses of $11K, and assets of $55K (revenue +2.2% year-over-year).
- 2012: Revenue of $20K, expenses of $15K, and assets of $47K (revenue -43.7% year-over-year).
- 2011: Revenue of $36K, expenses of $25K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mat Su Sea Hawkers Inc:
Data Sources and Methodology
This transparency report for Mat Su Sea Hawkers 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.