Pamet Harbor Club Inc
EIN: 412211466 · Truro, MA · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $218K |
| Net Assets | $43K |
Is Pamet Harbor Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pamet Harbor Club Inc
Pamet Harbor Club Inc (EIN: 412211466) is a nonprofit organization based in Truro, MA, classified under NTEE code N50. The organization reported total revenue of $241K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pamet Harbor Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pamet Harbor Club Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $218K |
| Surplus / Deficit | $-19,866 |
| Total Assets | $50K |
| Total Liabilities | $8K |
| Net Assets | $43K |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Pamet Harbor Club Inc reported a deficit of $20K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pamet Harbor Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +21.6% | -23.9% |
| 2022 | +23.3% | +4.3% | +27.0% |
| 2021 | +56.6% | +101.0% | — |
| 2020 | -26.4% | -33.4% | -100.0% |
| 2019 | +30.9% | +25.2% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pamet Harbor Club 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 Pamet Harbor Club 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.5%.
Frequently Asked Questions about Pamet Harbor Club Inc
Is Pamet Harbor Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pamet Harbor Club Inc (EIN: 412211466) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pamet Harbor Club Inc spend its money?
Detailed spending breakdown data is not yet available for Pamet Harbor Club Inc. Check back for updated IRS 990 analysis.
Are donations to Pamet Harbor Club Inc tax-deductible?
Pamet Harbor Club Inc is registered as a tax-exempt nonprofit (EIN: 412211466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pamet Harbor Club Inc located?
Pamet Harbor Club Inc is headquartered in Truro, Massachusetts and files with the IRS under EIN 412211466. It is classified under NTEE code N50.
How many years of IRS 990 filings does Pamet Harbor Club Inc have?
Pamet Harbor Club 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 $241K in total revenue.
Filing History
IRS 990 filing history for Pamet Harbor Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pamet Harbor Club Inc's revenue has grown by 490.9%, moving from $33K to $198K. Total assets increased by 115.4% over the same period, from $23K to $50K. Total functional expenses rose by 2034.8%, from $10K to $218K. In its most recent filing year (2023), Pamet Harbor Club Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $8K in liabilities against $50K in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $218K | $50K | $8K | — | — |
| 2022 | $190K | $179K | $66K | $55K | — | View 990 |
| 2021 | $154K | $171K | $52K | $69K | — | View 990 |
| 2020 | $99K | $85K | $0 | $0 | — | View 990 |
| 2019 | $134K | $128K | $1 | $0 | — | View 990 |
| 2018 | $102K | $102K | $52K | $2K | — | View 990 |
| 2017 | $98K | $84K | $55K | $584 | — | View 990 |
| 2016 | $87K | $75K | $41K | $944 | — | View 990 |
| 2015 | $83K | $82K | $75K | $14K | — | View 990 |
| 2014 | $75K | $61K | $60K | $40 | — | View 990 |
| 2013 | $65K | $46K | $47K | $0 | — | View 990 |
| 2012 | $61K | $57K | $28K | $0 | — | View 990 |
| 2011 | $33K | $10K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $218K, and assets of $50K (revenue +3.9% year-over-year).
- 2022: Revenue of $190K, expenses of $179K, and assets of $66K (revenue +23.3% year-over-year).
- 2021: Revenue of $154K, expenses of $171K, and assets of $52K (revenue +56.6% year-over-year).
- 2020: Revenue of $99K, expenses of $85K, and assets of $0 (revenue -26.4% year-over-year).
- 2019: Revenue of $134K, expenses of $128K, and assets of $1 (revenue +30.9% year-over-year).
- 2018: Revenue of $102K, expenses of $102K, and assets of $52K (revenue +4.8% year-over-year).
- 2017: Revenue of $98K, expenses of $84K, and assets of $55K (revenue +12.1% year-over-year).
- 2016: Revenue of $87K, expenses of $75K, and assets of $41K (revenue +4.6% year-over-year).
- 2015: Revenue of $83K, expenses of $82K, and assets of $75K (revenue +11.7% year-over-year).
- 2014: Revenue of $75K, expenses of $61K, and assets of $60K (revenue +15.1% year-over-year).
- 2013: Revenue of $65K, expenses of $46K, and assets of $47K (revenue +5.4% year-over-year).
- 2012: Revenue of $61K, expenses of $57K, and assets of $28K (revenue +83.7% year-over-year).
- 2011: Revenue of $33K, expenses of $10K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pamet Harbor Club Inc:
Data Sources and Methodology
This transparency report for Pamet Harbor Club 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.