Patuxent River Naval Air Museum Association Inc
EIN: 237433886 · Lexington Pk, MD · NTEE: A115
| Metric | Value |
|---|---|
| Total Revenue | $540K |
| Total Expenses | $357K |
| Net Assets | $719K |
Is Patuxent River Naval Air Museum Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patuxent River Naval Air Museum Association Inc
Patuxent River Naval Air Museum Association Inc (EIN: 237433886) is a nonprofit organization based in Lexington Pk, MD, classified under NTEE code A115. The organization reported total revenue of $540K and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patuxent River Naval Air Museum Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patuxent River Naval Air Museum Association Inc is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $488K |
| Total Expenses | $357K |
| Surplus / Deficit | +$131K |
| Total Assets | $772K |
| Total Liabilities | $53K |
| Net Assets | $719K |
| Operating Margin | 26.9% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 26.0 months |
Financial Health Grade: A
In 2023, Patuxent River Naval Air Museum Association Inc reported a surplus of $131K with revenue exceeding expenses, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Patuxent River Naval Air Museum Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.4% | +45.1% | +24.1% |
| 2022 | +57.6% | -28.3% | +4.0% |
| 2021 | +10.5% | +54.2% | +1.1% |
| 2020 | -25.8% | -0.1% | -7.9% |
| 2019 | +0.1% | +17.3% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patuxent River Naval Air Museum Association 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 Patuxent River Naval Air Museum Association 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 $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Frequently Asked Questions about Patuxent River Naval Air Museum Association Inc
Is Patuxent River Naval Air Museum Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Patuxent River Naval Air Museum Association Inc (EIN: 237433886) insufficient data. 0 red flags identified, 0 strengths noted.
How does Patuxent River Naval Air Museum Association Inc spend its money?
Detailed spending breakdown data is not yet available for Patuxent River Naval Air Museum Association Inc. Check back for updated IRS 990 analysis.
Are donations to Patuxent River Naval Air Museum Association Inc tax-deductible?
Patuxent River Naval Air Museum Association Inc is registered as a tax-exempt nonprofit (EIN: 237433886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patuxent River Naval Air Museum Association Inc located?
Patuxent River Naval Air Museum Association Inc is headquartered in Lexington Pk, Maryland and files with the IRS under EIN 237433886. It is classified under NTEE code A115.
How many years of IRS 990 filings does Patuxent River Naval Air Museum Association Inc have?
Patuxent River Naval Air Museum Association 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 $540K in total revenue.
Filing History
IRS 990 filing history for Patuxent River Naval Air Museum Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patuxent River Naval Air Museum Association Inc's revenue has grown by 150.3%, moving from $195K to $488K. Total assets decreased by 26.7% over the same period, from $1.1M to $772K. Total functional expenses rose by 246.2%, from $103K to $357K. In its most recent filing year (2023), Patuxent River Naval Air Museum Association Inc reported a surplus of $131K, with revenue exceeding expenses. The organization holds $53K in liabilities against $772K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $719K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $488K | $357K | $772K | $53K | — | — |
| 2022 | $371K | $246K | $622K | $34K | — | View 990 |
| 2021 | $235K | $343K | $598K | $135K | — | — |
| 2020 | $213K | $222K | $592K | $21K | — | View 990 |
| 2019 | $287K | $223K | $642K | $63K | — | View 990 |
| 2018 | $287K | $190K | $577K | $62K | — | View 990 |
| 2017 | $228K | $211K | $493K | $75K | — | View 990 |
| 2016 | $278K | $172K | $486K | $85K | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
| 2014 | $137K | $98K | $172K | $4K | — | View 990 |
| 2013 | $102K | $1.0M | $133K | $3K | — | View 990 |
| 2012 | $135K | $112K | $1.1M | $10K | — | View 990 |
| 2011 | $195K | $103K | $1.1M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488K, expenses of $357K, and assets of $772K (revenue +31.4% year-over-year).
- 2022: Revenue of $371K, expenses of $246K, and assets of $622K (revenue +57.6% year-over-year).
- 2021: Revenue of $235K, expenses of $343K, and assets of $598K (revenue +10.5% year-over-year).
- 2020: Revenue of $213K, expenses of $222K, and assets of $592K (revenue -25.8% year-over-year).
- 2019: Revenue of $287K, expenses of $223K, and assets of $642K (revenue +0.1% year-over-year).
- 2018: Revenue of $287K, expenses of $190K, and assets of $577K (revenue +26.1% year-over-year).
- 2017: Revenue of $228K, expenses of $211K, and assets of $493K (revenue -18.2% year-over-year).
- 2016: Revenue of $278K, expenses of $172K, and assets of $486K.
- 2015: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2014: Revenue of $137K, expenses of $98K, and assets of $172K (revenue +33.7% year-over-year).
- 2013: Revenue of $102K, expenses of $1.0M, and assets of $133K (revenue -24.3% year-over-year).
- 2012: Revenue of $135K, expenses of $112K, and assets of $1.1M (revenue -30.7% year-over-year).
- 2011: Revenue of $195K, expenses of $103K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patuxent River Naval Air Museum Association Inc:
Data Sources and Methodology
This transparency report for Patuxent River Naval Air Museum Association 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.