North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp
North Palm Beach Rowing Club shows strong financial growth and zero officer compensation.
EIN: 208313608 · N Palm Beach, FL · NTEE: N70 · Updated: 2026-03-28
Is North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp
North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp (EIN: 208313608) is a nonprofit organization based in N Palm Beach, FL, classified under NTEE code N70. The organization reported total revenue of $583K and total assets of $950K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $564K |
| Total Expenses | $266K |
| Surplus / Deficit | +$298K |
| Total Assets | $730K |
| Net Assets | $730K |
| Operating Margin | 52.8% |
| Months of Reserves | 32.9 months |
Financial Health Grade: A
In 2023, North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp reported a surplus of $298K with revenue exceeding expenses, holds 32.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.3% | +18.8% | +66.9% |
| 2022 | +119.0% | -1.0% | +47.9% |
| 2021 | -31.5% | +70.6% | -22.5% |
| 2020 | +43.2% | +29.9% | +38.0% |
| 2019 | -22.6% | -9.2% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp 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, North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $298K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly favorable for directing funds towards the organization's mission.
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.
Strengths
The following positive indicators were identified for North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp:
- Strong revenue growth, particularly in recent years (e.g., $147,665 in 2021 to $563,854 in 2023).
- Consistent reporting of 0% officer compensation, indicating a volunteer-led executive and high financial efficiency.
- Significant asset accumulation, growing from $97,148 in 2014 to $729,781 in 2023.
- Positive net income in most recent years, with revenue significantly exceeding expenses (e.g., $563,854 revenue vs. $265,921 expenses in 2023).
- Zero liabilities reported in the latest filing (202312), indicating excellent financial health and stability.
Frequently Asked Questions about North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp
Is North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp (EIN: 208313608) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp spend its money?
North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp tax-deductible?
North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp is registered as a tax-exempt nonprofit (EIN: 208313608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is North Palm Beach Rowing Club Inc a good charity?
Based on the provided financial data, North Palm Beach Rowing Club Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. Its assets have grown significantly, from $97,148 in 2014 to $729,781 in 2023, indicating effective financial management and sustainability.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, particularly in recent years. Revenue increased from $84,414 in 2014 to $563,854 in 2023, with a notable jump from $147,665 in 2021 to $323,458 in 2022 and then to $563,854 in 2023. This indicates a strong and accelerating financial trajectory.
What is the organization's asset growth trend?
North Palm Beach Rowing Club Inc has shown consistent and substantial asset growth. Assets have increased from $97,148 in 2014 to $729,781 in 2023, with a significant increase of over $290,000 between 2022 and 2023 alone. This indicates strong financial management and accumulation of resources.
Does the organization have any significant liabilities?
No, the organization reported $0 in liabilities in its latest filing (Period 202312). While there were minor liabilities in previous years (e.g., $5,350 in 202212), the current financial position shows no outstanding debt, which is a very positive indicator of financial stability.
Filing History
IRS 990 filing history for North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp's revenue has grown by 1937.6%, moving from $28K to $564K. Total assets increased by 3576.8% over the same period, from $20K to $730K. Total functional expenses rose by 1635.7%, from $15K to $266K. In its most recent filing year (2023), North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp reported a surplus of $298K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $564K | $266K | $730K | $0 | — | View 990 |
| 2022 | $323K | $224K | $437K | $5K | — | View 990 |
| 2021 | $148K | $226K | $296K | $15K | — | View 990 |
| 2020 | $215K | $133K | $381K | $22K | — | — |
| 2019 | $150K | $102K | $276K | $0 | — | View 990 |
| 2018 | $194K | $112K | $228K | $0 | — | View 990 |
| 2017 | $131K | $95K | $171K | $25K | — | — |
| 2016 | $125K | $120K | $145K | $36K | — | View 990 |
| 2015 | $93K | $74K | $131K | $26K | — | View 990 |
| 2014 | $84K | $51K | $97K | $11K | — | View 990 |
| 2013 | $64K | $60K | $67K | $14K | — | View 990 |
| 2012 | $56K | $28K | $48K | $0 | — | View 990 |
| 2011 | $28K | $15K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $564K, expenses of $266K, and assets of $730K (revenue +74.3% year-over-year).
- 2022: Revenue of $323K, expenses of $224K, and assets of $437K (revenue +119.0% year-over-year).
- 2021: Revenue of $148K, expenses of $226K, and assets of $296K (revenue -31.5% year-over-year).
- 2020: Revenue of $215K, expenses of $133K, and assets of $381K (revenue +43.2% year-over-year).
- 2019: Revenue of $150K, expenses of $102K, and assets of $276K (revenue -22.6% year-over-year).
- 2018: Revenue of $194K, expenses of $112K, and assets of $228K (revenue +48.0% year-over-year).
- 2017: Revenue of $131K, expenses of $95K, and assets of $171K (revenue +5.2% year-over-year).
- 2016: Revenue of $125K, expenses of $120K, and assets of $145K (revenue +34.4% year-over-year).
- 2015: Revenue of $93K, expenses of $74K, and assets of $131K (revenue +9.9% year-over-year).
- 2014: Revenue of $84K, expenses of $51K, and assets of $97K (revenue +31.0% year-over-year).
- 2013: Revenue of $64K, expenses of $60K, and assets of $67K (revenue +14.3% year-over-year).
- 2012: Revenue of $56K, expenses of $28K, and assets of $48K (revenue +103.7% year-over-year).
- 2011: Revenue of $28K, expenses of $15K, and assets of $20K.
Data Sources and Methodology
This transparency report for North Palm Beach Rowing Club Inc Aflorida Not For Profit Corp 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.