Out Of The Boat Ministries Inc

Out Of The Boat Ministries consistently operates on a lean, break-even budget with minimal assets and no reported officer compensation.

EIN: 205253257 · Tuscaloosa, AL · NTEE: X200 · Updated: 2026-03-28

$145KRevenue

$1KAssets

85/100Mission Score (Excellent)

X200

About Out Of The Boat Ministries Inc

Out Of The Boat Ministries Inc (EIN: 205253257) is a nonprofit organization based in Tuscaloosa, AL, classified under NTEE code X200. The organization reported total revenue of $145K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Out Of The Boat Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Out Of The Boat Ministries Inc demonstrates consistent financial activity, with revenues and expenses closely matched year-over-year, indicating a break-even operational model. For example, in 2023, revenues were $162,693 against expenses of $163,680. The organization's assets remain very low, typically under $5,000, which suggests minimal reserves or capital investment. This could be a concern for long-term stability or ability to scale operations.

The organization's spending efficiency appears high in terms of program delivery, as indicated by the absence of reported officer compensation across all filings, suggesting that a significant portion of funds directly supports its mission. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of program vs. administrative vs. fundraising costs challenging. The organization's consistent filing history and zero officer compensation contribute positively to its transparency profile.

Overall, Out Of The Boat Ministries Inc operates on a lean budget with a strong focus on direct mission execution, as evidenced by its financial statements. While its asset base is minimal, the consistent revenue generation and expense management suggest a stable, albeit small, operation. Further transparency regarding detailed expense categories would enhance a full financial health assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Out Of The Boat Ministries Inc with a Mission Score of 85 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Out Of The Boat Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 or key employees receive salaries from the organization, which is highly unusual for an organization with consistent revenue over $100,000.

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 Out Of The Boat Ministries Inc's IRS 990 filings:

Very low asset base relative to annual revenue, potentially indicating limited financial resilience or capacity for growth.
Lack of detailed expense breakdown in provided data, making it difficult to fully assess operational efficiency beyond officer compensation.

Strengths

The following positive indicators were identified for Out Of The Boat Ministries Inc:

Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
Consistent filing history over 13 periods, demonstrating transparency and compliance.
Revenues consistently cover expenses, indicating sound financial management on an operational level.

Frequently Asked Questions about Out Of The Boat Ministries Inc

Is Out Of The Boat Ministries Inc a good charity?

Based on the provided data, the charity appears to be good in terms of direct mission focus and lack of executive compensation. However, its very low asset base and lack of detailed expense breakdowns make a comprehensive assessment challenging.

How does Out Of The Boat Ministries Inc manage its finances given its low assets?

The organization consistently operates on a near break-even basis, with revenues closely matching expenses each year. This suggests a 'pay-as-you-go' model with minimal reserves, as evidenced by assets consistently under $5,000.

What is the trend in Out Of The Boat Ministries Inc's revenue?

Revenue has fluctuated over the years, ranging from a low of $96,298 in 2014 to a high of $229,470 in 2017, with the latest reported revenue at $162,693 in 2023. There isn't a clear consistent growth or decline trend, but rather year-to-year variations.

Filing History

IRS 990 filing history for Out Of The Boat Ministries Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Out Of The Boat Ministries Inc's revenue has grown by 278.3%, moving from $43K to $163K. Total assets increased by 3770.8% over the same period, from $130 to $5K. Total functional expenses rose by 280.1%, from $43K to $164K. In its most recent filing year (2023), Out Of The Boat Ministries Inc reported a deficit of $987, with expenses exceeding revenue. The organization holds $1K in liabilities against $5K in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $4K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$163K	$164K	$5K	$1K	—	View 990
2022	$222K	$222K	$5K	$0	—	—
2021	$151K	$150K	$5K	$0	—	View 990
2020	$140K	$141K	$4K	$0	—	View 990
2019	$199K	$199K	$5K	$0	—	View 990
2018	$154K	$152K	$5K	$0	—	View 990
2017	$229K	$229K	$3K	$0	—	View 990
2016	$140K	$140K	$3K	$0	—	View 990
2015	$111K	$112K	$2K	$0	—	View 990
2014	$96K	$96K	$3K	$0	—	View 990
2013	$158K	$158K	$3K	$0	—	View 990
2012	$85K	$82K	$2K	$0	—	View 990
2011	$43K	$43K	$130	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $163K, expenses of $164K, and assets of $5K (revenue -26.6% year-over-year).
2022: Revenue of $222K, expenses of $222K, and assets of $5K (revenue +47.0% year-over-year).
2021: Revenue of $151K, expenses of $150K, and assets of $5K (revenue +7.4% year-over-year).
2020: Revenue of $140K, expenses of $141K, and assets of $4K (revenue -29.5% year-over-year).
2019: Revenue of $199K, expenses of $199K, and assets of $5K (revenue +29.4% year-over-year).
2018: Revenue of $154K, expenses of $152K, and assets of $5K (revenue -32.9% year-over-year).
2017: Revenue of $229K, expenses of $229K, and assets of $3K (revenue +64.0% year-over-year).
2016: Revenue of $140K, expenses of $140K, and assets of $3K (revenue +25.8% year-over-year).
2015: Revenue of $111K, expenses of $112K, and assets of $2K (revenue +15.5% year-over-year).
2014: Revenue of $96K, expenses of $96K, and assets of $3K (revenue -39.1% year-over-year).
2013: Revenue of $158K, expenses of $158K, and assets of $3K (revenue +86.5% year-over-year).
2012: Revenue of $85K, expenses of $82K, and assets of $2K (revenue +97.1% year-over-year).
2011: Revenue of $43K, expenses of $43K, and assets of $130.

Data Sources and Methodology

This transparency report for Out Of The Boat Ministries 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.