Mathews Boat Club
EIN: 237172268 · Mathews, VA
| Metric | Value |
|---|---|
| Total Revenue | $731K |
| Total Expenses | $506K |
| Net Assets | $502K |
Is Mathews Boat Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mathews Boat Club
Mathews Boat Club (EIN: 237172268) is a nonprofit organization based in Mathews, VA. The organization reported total revenue of $731K and total assets of $707K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mathews Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mathews Boat Club is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $508K |
| Total Expenses | $506K |
| Surplus / Deficit | +$2K |
| Total Assets | $653K |
| Total Liabilities | $151K |
| Net Assets | $502K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Mathews Boat Club reported a surplus of $2K with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mathews Boat Club's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.3% | +11.1% | +3.5% |
| 2022 | -11.6% | +29.6% | -9.0% |
| 2021 | +4.5% | +2.0% | +47.5% |
| 2020 | -0.1% | -17.9% | +24.7% |
| 2019 | +3.0% | +8.1% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mathews Boat Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mathews Boat Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.1%.
Frequently Asked Questions about Mathews Boat Club
Is Mathews Boat Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Mathews Boat Club (EIN: 237172268) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mathews Boat Club spend its money?
Detailed spending breakdown data is not yet available for Mathews Boat Club. Check back for updated IRS 990 analysis.
Are donations to Mathews Boat Club tax-deductible?
Mathews Boat Club is registered as a tax-exempt nonprofit (EIN: 237172268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mathews Boat Club located?
Mathews Boat Club is headquartered in Mathews, Virginia and files with the IRS under EIN 237172268.
How many years of IRS 990 filings does Mathews Boat Club have?
Mathews 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 $731K in total revenue.
Filing History
IRS 990 filing history for Mathews Boat Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mathews Boat Club's revenue has grown by 9.5%, moving from $464K to $508K. Total assets increased by 129.8% over the same period, from $284K to $653K. Total functional expenses rose by 14%, from $444K to $506K. In its most recent filing year (2023), Mathews Boat Club reported a surplus of $2K, with revenue exceeding expenses. The organization holds $151K in liabilities against $653K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $502K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $508K | $506K | $653K | $151K | — | — |
| 2022 | $409K | $456K | $630K | $130K | — | — |
| 2021 | $462K | $352K | $693K | $145K | — | View 990 |
| 2020 | $443K | $345K | $470K | $33K | — | — |
| 2019 | $443K | $420K | $377K | $25K | — | View 990 |
| 2018 | $430K | $388K | $354K | $25K | — | View 990 |
| 2017 | $544K | $548K | $326K | $38K | — | View 990 |
| 2016 | $523K | $532K | $311K | $19K | — | View 990 |
| 2015 | $512K | $518K | $322K | $18K | — | View 990 |
| 2014 | $507K | $511K | $340K | $25K | — | View 990 |
| 2013 | $468K | $458K | $347K | $30K | — | View 990 |
| 2012 | $485K | $449K | $329K | $25K | — | View 990 |
| 2011 | $464K | $444K | $284K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $508K, expenses of $506K, and assets of $653K (revenue +24.3% year-over-year).
- 2022: Revenue of $409K, expenses of $456K, and assets of $630K (revenue -11.6% year-over-year).
- 2021: Revenue of $462K, expenses of $352K, and assets of $693K (revenue +4.5% year-over-year).
- 2020: Revenue of $443K, expenses of $345K, and assets of $470K (revenue -0.1% year-over-year).
- 2019: Revenue of $443K, expenses of $420K, and assets of $377K (revenue +3.0% year-over-year).
- 2018: Revenue of $430K, expenses of $388K, and assets of $354K (revenue -20.9% year-over-year).
- 2017: Revenue of $544K, expenses of $548K, and assets of $326K (revenue +4.0% year-over-year).
- 2016: Revenue of $523K, expenses of $532K, and assets of $311K (revenue +2.2% year-over-year).
- 2015: Revenue of $512K, expenses of $518K, and assets of $322K (revenue +1.0% year-over-year).
- 2014: Revenue of $507K, expenses of $511K, and assets of $340K (revenue +8.3% year-over-year).
- 2013: Revenue of $468K, expenses of $458K, and assets of $347K (revenue -3.6% year-over-year).
- 2012: Revenue of $485K, expenses of $449K, and assets of $329K (revenue +4.6% year-over-year).
- 2011: Revenue of $464K, expenses of $444K, and assets of $284K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mathews Boat Club:
Data Sources and Methodology
This transparency report for Mathews 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.