New Hampshire Boat Museum

New Hampshire Boat Museum shows strong asset growth and no reported officer compensation over the past decade.

EIN: 20464218 · Moultonboro, NH · NTEE: A540 · Updated: 2026-03-28

$672KRevenue

$5.3MAssets

90/100Mission Score (Excellent)

A540

About New Hampshire Boat Museum

New Hampshire Boat Museum (EIN: 20464218) is a nonprofit organization based in Moultonboro, NH, classified under NTEE code A540. The organization reported total revenue of $672K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Boat Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New Hampshire Boat Museum demonstrates a generally healthy financial position with consistent asset growth over the past decade, increasing from $2,056,272 in 2014 to $5,350,298 in 2023. The organization has also shown strong revenue generation, with significant spikes in 2021 ($2,757,107) and 2022 ($1,379,436), indicating successful fundraising or grant acquisition efforts. Expenses have remained relatively stable and well below revenue for most years, contributing to asset accumulation.

The museum's spending efficiency appears strong, as evidenced by the consistent growth in assets relative to expenses. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can contribute to lower administrative overhead and more resources directed towards programs. This also indicates a high level of transparency regarding executive remuneration, as it is explicitly stated as 0%.

Overall, the New Hampshire Boat Museum exhibits sound financial management, a strong capacity for revenue generation, and a commitment to maintaining a robust asset base. The lack of officer compensation is a notable positive indicator for donor confidence and efficient resource allocation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Hampshire Boat Museum 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, New Hampshire Boat Museum 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with over $5 million in assets and nearly $900,000 in annual revenue (2023). This suggests a volunteer-driven leadership or that compensation is categorized differently, but as reported, it implies extremely low administrative overhead.

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.

Red Flags

The following concerns were identified during AI analysis of New Hampshire Boat Museum's IRS 990 filings:

Unusually low reported liabilities in 2023 ($86,975) compared to previous years, which could warrant further investigation into financial reporting or significant debt repayment.
Zero reported officer compensation for an organization with over $5 million in assets and significant revenue, which, while positive for efficiency, is atypical and might suggest compensation is reported under other categories or that leadership is entirely volunteer.

Strengths

The following positive indicators were identified for New Hampshire Boat Museum:

Strong and consistent asset growth, increasing from $2,056,272 in 2014 to $5,350,298 in 2023.
Excellent financial efficiency with no reported officer compensation across all filings, indicating resources are likely directed to programs.
Healthy revenue generation, often significantly exceeding expenses, leading to asset accumulation.
Substantial reduction in liabilities over the past decade, from over $1.3 million in 2014-2015 to $86,975 in 2023, improving financial stability.
Consistent positive net income (revenue exceeding expenses) in most years, contributing to long-term sustainability.

Frequently Asked Questions about New Hampshire Boat Museum

Is the New Hampshire Boat Museum a good charity?

Based on the provided financial data, the New Hampshire Boat Museum appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, efficient spending (no reported officer compensation), and a history of generating substantial revenue relative to its expenses.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time. Assets have more than doubled from $2,056,272 in 2014 to $5,350,298 in 2023, while liabilities have generally decreased from over $1.3 million in 2014-2015 to $86,975 in 2023, indicating a stronger balance sheet.

What is the trend in revenue and expenses?

Revenue has shown significant fluctuations, with notable peaks in 2021 ($2,757,107) and 2022 ($1,379,436), suggesting successful campaigns or large donations. Expenses have remained relatively stable and controlled, generally ranging between $350,000 and $600,000 annually, consistently well below revenue.

Filing History

IRS 990 filing history for New Hampshire Boat Museum showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Hampshire Boat Museum's revenue has grown by 492.2%, moving from $150K to $891K. Total assets increased by 801.3% over the same period, from $594K to $5.4M. Total functional expenses rose by 129.1%, from $262K to $601K. In its most recent filing year (2023), New Hampshire Boat Museum reported a surplus of $291K, with revenue exceeding expenses. The organization holds $87K in liabilities against $5.4M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $5.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$891K	$601K	$5.4M	$87K	—	View 990
2022	$1.4M	$553K	$5.1M	$142K	—	—
2021	$2.8M	$552K	$4.6M	$98K	—	View 990
2020	$473K	$349K	$2.5M	$147K	—	View 990
2019	$652K	$398K	$2.3M	$61K	—	View 990
2018	$523K	$372K	$2.1M	$81K	—	View 990
2017	$734K	$415K	$2.1M	$217K	—	View 990
2016	$1.1M	$404K	$2.3M	$790K	—	View 990
2015	$567K	$438K	$2.2M	$1.3M	—	View 990
2014	$909K	$415K	$2.1M	$1.3M	—	View 990
2013	$308K	$314K	$1.6M	$1.3M	—	View 990
2012	$259K	$278K	$380K	$134K	—	View 990
2011	$150K	$262K	$594K	$139K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $891K, expenses of $601K, and assets of $5.4M (revenue -35.4% year-over-year).
2022: Revenue of $1.4M, expenses of $553K, and assets of $5.1M (revenue -50.0% year-over-year).
2021: Revenue of $2.8M, expenses of $552K, and assets of $4.6M (revenue +482.4% year-over-year).
2020: Revenue of $473K, expenses of $349K, and assets of $2.5M (revenue -27.4% year-over-year).
2019: Revenue of $652K, expenses of $398K, and assets of $2.3M (revenue +24.7% year-over-year).
2018: Revenue of $523K, expenses of $372K, and assets of $2.1M (revenue -28.8% year-over-year).
2017: Revenue of $734K, expenses of $415K, and assets of $2.1M (revenue -31.9% year-over-year).
2016: Revenue of $1.1M, expenses of $404K, and assets of $2.3M (revenue +90.1% year-over-year).
2015: Revenue of $567K, expenses of $438K, and assets of $2.2M (revenue -37.6% year-over-year).
2014: Revenue of $909K, expenses of $415K, and assets of $2.1M (revenue +194.9% year-over-year).
2013: Revenue of $308K, expenses of $314K, and assets of $1.6M (revenue +18.9% year-over-year).
2012: Revenue of $259K, expenses of $278K, and assets of $380K (revenue +72.4% year-over-year).
2011: Revenue of $150K, expenses of $262K, and assets of $594K.

Data Sources and Methodology

This transparency report for New Hampshire Boat Museum 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.