National Maritime Heritage Foundation Inc
EIN: 522239202 · Washington, DC · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $529K |
| Total Expenses | $424K |
| Net Assets | $-74,714 |
Is National Maritime Heritage Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About National Maritime Heritage Foundation Inc
National Maritime Heritage Foundation Inc (EIN: 522239202) is a nonprofit organization based in Washington, DC, classified under NTEE code B80. The organization reported total revenue of $529K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Maritime Heritage Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Maritime Heritage Foundation Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $424K |
| Surplus / Deficit | $-43,158 |
| Total Assets | $84K |
| Total Liabilities | $158K |
| Net Assets | $-74,714 |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 189.5% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2023, National Maritime Heritage Foundation Inc reported a deficit of $43K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 189.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Maritime Heritage Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +0.8% | -33.0% |
| 2022 | -11.4% | +12.3% | -17.9% |
| 2021 | +103.5% | -3.6% | -2.8% |
| 2020 | -52.4% | -12.8% | +28.4% |
| 2019 | +4.7% | +6.1% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for National Maritime Heritage Foundation 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 National Maritime Heritage Foundation 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 deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 189.5%.
Frequently Asked Questions about National Maritime Heritage Foundation Inc
Is National Maritime Heritage Foundation Inc a legitimate charity?
National Maritime Heritage Foundation Inc (EIN: 522239202) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $529K. No red flags identified. Financial health grade: D.
How does National Maritime Heritage Foundation Inc spend its money?
National Maritime Heritage Foundation Inc reported $529K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to National Maritime Heritage Foundation Inc tax-deductible?
National Maritime Heritage Foundation Inc is registered as a tax-exempt nonprofit (EIN: 522239202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is National Maritime Heritage Foundation Inc located?
National Maritime Heritage Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 522239202. It is classified under NTEE code B80.
How many years of IRS 990 filings does National Maritime Heritage Foundation Inc have?
National Maritime Heritage Foundation Inc 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 $529K in total revenue.
Filing History
IRS 990 filing history for National Maritime Heritage Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Maritime Heritage Foundation Inc's revenue has grown by 21.9%, moving from $313K to $381K. Total assets increased by 46.3% over the same period, from $57K to $84K. Total functional expenses rose by 12.8%, from $376K to $424K. In its most recent filing year (2023), National Maritime Heritage Foundation Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $158K in liabilities against $84K in assets (debt-to-asset ratio: 189.5%), resulting in net assets of $-74,714.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $424K | $84K | $158K | — | — |
| 2022 | $385K | $421K | $125K | $156K | — | — |
| 2021 | $434K | $375K | $152K | $147K | — | View 990 |
| 2020 | $213K | $389K | $156K | $210K | — | View 990 |
| 2019 | $448K | $446K | $122K | $0 | — | View 990 |
| 2018 | $428K | $420K | $120K | $0 | — | View 990 |
| 2017 | $458K | $416K | $112K | $9 | — | View 990 |
| 2016 | $395K | $393K | $70K | $0 | — | View 990 |
| 2015 | $394K | $420K | $68K | $4 | — | View 990 |
| 2014 | $439K | $454K | $95K | $34 | — | View 990 |
| 2013 | $446K | $405K | $111K | $500 | — | View 990 |
| 2012 | $433K | $393K | $70K | $950 | — | View 990 |
| 2011 | $313K | $376K | $57K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $424K, and assets of $84K (revenue -0.9% year-over-year).
- 2022: Revenue of $385K, expenses of $421K, and assets of $125K (revenue -11.4% year-over-year).
- 2021: Revenue of $434K, expenses of $375K, and assets of $152K (revenue +103.5% year-over-year).
- 2020: Revenue of $213K, expenses of $389K, and assets of $156K (revenue -52.4% year-over-year).
- 2019: Revenue of $448K, expenses of $446K, and assets of $122K (revenue +4.7% year-over-year).
- 2018: Revenue of $428K, expenses of $420K, and assets of $120K (revenue -6.5% year-over-year).
- 2017: Revenue of $458K, expenses of $416K, and assets of $112K (revenue +16.0% year-over-year).
- 2016: Revenue of $395K, expenses of $393K, and assets of $70K (revenue +0.3% year-over-year).
- 2015: Revenue of $394K, expenses of $420K, and assets of $68K (revenue -10.2% year-over-year).
- 2014: Revenue of $439K, expenses of $454K, and assets of $95K (revenue -1.7% year-over-year).
- 2013: Revenue of $446K, expenses of $405K, and assets of $111K (revenue +3.1% year-over-year).
- 2012: Revenue of $433K, expenses of $393K, and assets of $70K (revenue +38.3% year-over-year).
- 2011: Revenue of $313K, expenses of $376K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Maritime Heritage Foundation Inc:
Data Sources and Methodology
This transparency report for National Maritime Heritage Foundation 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.