Narragansett Bay Yachting Association Inc
EIN: 50357235 · Bristol, RI · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $60K |
| Net Assets | $113K |
Is Narragansett Bay Yachting Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Narragansett Bay Yachting Association Inc
Narragansett Bay Yachting Association Inc (EIN: 50357235) is a nonprofit organization based in Bristol, RI, classified under NTEE code N67. The organization reported total revenue of $58K and total assets of $126K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Narragansett Bay Yachting Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Narragansett Bay Yachting Association Inc is a micro nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $60K |
| Surplus / Deficit | +$16K |
| Total Assets | $113K |
| Net Assets | $113K |
| Operating Margin | 21.3% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Narragansett Bay Yachting Association Inc reported a surplus of $16K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2010–2023), Narragansett Bay Yachting Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.4% | +17.1% | +16.9% |
| 2022 | -26.8% | -5.6% | -1.9% |
| 2021 | +126.1% | +51.3% | +17.6% |
| 2020 | -52.6% | -39.6% | -6.4% |
| 2019 | +1.2% | -13.2% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Narragansett Bay Yachting Association Inc 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 Narragansett Bay Yachting Association Inc 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 $16K, with revenue exceeding expenses.
Frequently Asked Questions about Narragansett Bay Yachting Association Inc
Is Narragansett Bay Yachting Association Inc a legitimate charity?
Narragansett Bay Yachting Association Inc (EIN: 50357235) is a registered tax-exempt nonprofit based in Rhode Island. It has 9 years of IRS 990 filings on record. Total revenue: $58K. No red flags identified. Financial health grade: A.
How does Narragansett Bay Yachting Association Inc spend its money?
Narragansett Bay Yachting Association Inc reported $58K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Narragansett Bay Yachting Association Inc tax-deductible?
Narragansett Bay Yachting Association Inc is registered as a tax-exempt nonprofit (EIN: 50357235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Narragansett Bay Yachting Association Inc located?
Narragansett Bay Yachting Association Inc is headquartered in Bristol, Rhode Island and files with the IRS under EIN 50357235. It is classified under NTEE code N67.
How many years of IRS 990 filings does Narragansett Bay Yachting Association Inc have?
Narragansett Bay Yachting Association Inc has 9 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 $58K in total revenue.
Filing History
IRS 990 filing history for Narragansett Bay Yachting Association Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2023), Narragansett Bay Yachting Association Inc's revenue has grown by 27.3%, moving from $60K to $77K. Total assets increased by 215.8% over the same period, from $36K to $113K. Total functional expenses fell by 34.9%, from $93K to $60K. In its most recent filing year (2023), Narragansett Bay Yachting Association Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $60K | $113K | $0 | — | View 990 |
| 2022 | $50K | $52K | $97K | $0 | — | View 990 |
| 2021 | $69K | $55K | $99K | $650 | — | — |
| 2020 | $30K | $36K | $84K | $0 | — | View 990 |
| 2019 | $64K | $60K | $90K | $0 | — | View 990 |
| 2018 | $63K | $69K | $85K | $0 | — | View 990 |
| 2012 | $57K | $69K | $23K | $515 | — | View 990 |
| 2011 | $70K | $70K | $34K | $0 | — | View 990 |
| 2010 | $60K | $93K | $36K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $60K, and assets of $113K (revenue +52.4% year-over-year).
- 2022: Revenue of $50K, expenses of $52K, and assets of $97K (revenue -26.8% year-over-year).
- 2021: Revenue of $69K, expenses of $55K, and assets of $99K (revenue +126.1% year-over-year).
- 2020: Revenue of $30K, expenses of $36K, and assets of $84K (revenue -52.6% year-over-year).
- 2019: Revenue of $64K, expenses of $60K, and assets of $90K (revenue +1.2% year-over-year).
- 2018: Revenue of $63K, expenses of $69K, and assets of $85K (revenue +10.6% year-over-year).
- 2012: Revenue of $57K, expenses of $69K, and assets of $23K (revenue -18.4% year-over-year).
- 2011: Revenue of $70K, expenses of $70K, and assets of $34K (revenue +16.4% year-over-year).
- 2010: Revenue of $60K, expenses of $93K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Narragansett Bay Yachting Association Inc:
Data Sources and Methodology
This transparency report for Narragansett Bay Yachting Association 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.