Nautical City Festival Inc
EIN: 382364340 · Rogers City, MI
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $97K |
| Net Assets | $179K |
Is Nautical City Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nautical City Festival Inc
Nautical City Festival Inc (EIN: 382364340) is a nonprofit organization based in Rogers City, MI. The organization reported total revenue of $197K and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nautical City Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nautical City Festival Inc is a small nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $97K |
| Surplus / Deficit | +$29K |
| Total Assets | $179K |
| Net Assets | $179K |
| Operating Margin | 23.1% |
| Months of Reserves | 22.3 months |
Financial Health Grade: A
In 2023, Nautical City Festival Inc reported a surplus of $29K with revenue exceeding expenses, holds 22.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Nautical City Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -0.1% | +19.2% |
| 2022 | +26.2% | +4.7% | +22.7% |
| 2021 | +649.8% | +220.0% | +5.6% |
| 2020 | -87.2% | -74.8% | -11.9% |
| 2019 | +19.1% | -2.2% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nautical City Festival 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 Nautical City Festival 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about Nautical City Festival Inc
Is Nautical City Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nautical City Festival Inc (EIN: 382364340) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nautical City Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Nautical City Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Nautical City Festival Inc tax-deductible?
Nautical City Festival Inc is registered as a tax-exempt nonprofit (EIN: 382364340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nautical City Festival Inc located?
Nautical City Festival Inc is headquartered in Rogers City, Michigan and files with the IRS under EIN 382364340.
How many years of IRS 990 filings does Nautical City Festival Inc have?
Nautical City Festival Inc has 12 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 $197K in total revenue.
Filing History
IRS 990 filing history for Nautical City Festival Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Nautical City Festival Inc's revenue has grown by 180%, moving from $45K to $125K. Total assets increased by 37.5% over the same period, from $130K to $179K. Total functional expenses rose by 89.5%, from $51K to $97K. In its most recent filing year (2023), Nautical City Festival Inc reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125K | $97K | $179K | $0 | — | View 990 |
| 2022 | $125K | $97K | $150K | $0 | — | View 990 |
| 2021 | $99K | $92K | $123K | $0 | — | — |
| 2020 | $13K | $29K | $116K | $0 | — | View 990 |
| 2019 | $103K | $114K | $132K | $0 | — | View 990 |
| 2018 | $86K | $117K | $142K | $0 | — | View 990 |
| 2017 | $110K | $99K | $175K | $0 | — | View 990 |
| 2016 | $99K | $95K | $163K | $0 | — | View 990 |
| 2015 | $109K | $99K | $160K | $0 | — | View 990 |
| 2014 | $105K | $100K | $152K | $0 | — | View 990 |
| 2013 | $114K | $97K | $147K | $0 | — | View 990 |
| 2012 | $45K | $51K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125K, expenses of $97K, and assets of $179K (revenue +0.3% year-over-year).
- 2022: Revenue of $125K, expenses of $97K, and assets of $150K (revenue +26.2% year-over-year).
- 2021: Revenue of $99K, expenses of $92K, and assets of $123K (revenue +649.8% year-over-year).
- 2020: Revenue of $13K, expenses of $29K, and assets of $116K (revenue -87.2% year-over-year).
- 2019: Revenue of $103K, expenses of $114K, and assets of $132K (revenue +19.1% year-over-year).
- 2018: Revenue of $86K, expenses of $117K, and assets of $142K (revenue -21.6% year-over-year).
- 2017: Revenue of $110K, expenses of $99K, and assets of $175K (revenue +11.5% year-over-year).
- 2016: Revenue of $99K, expenses of $95K, and assets of $163K (revenue -9.5% year-over-year).
- 2015: Revenue of $109K, expenses of $99K, and assets of $160K (revenue +4.4% year-over-year).
- 2014: Revenue of $105K, expenses of $100K, and assets of $152K (revenue -8.7% year-over-year).
- 2013: Revenue of $114K, expenses of $97K, and assets of $147K (revenue +155.5% year-over-year).
- 2012: Revenue of $45K, expenses of $51K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nautical City Festival Inc:
Data Sources and Methodology
This transparency report for Nautical City Festival 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.