Philadelphia Wooden Boat Factory
EIN: 232997335 · Havertown, PA · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $557K |
| Total Expenses | $618K |
| Net Assets | $254K |
Is Philadelphia Wooden Boat Factory Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philadelphia Wooden Boat Factory
Philadelphia Wooden Boat Factory (EIN: 232997335) is a nonprofit organization based in Havertown, PA, classified under NTEE code B80. The organization reported total revenue of $557K and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philadelphia Wooden Boat Factory's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philadelphia Wooden Boat Factory is a small nonprofit that has been operating for 27 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $557K |
| Total Expenses | $618K |
| Surplus / Deficit | $-60,599 |
| Total Assets | $270K |
| Total Liabilities | $16K |
| Net Assets | $254K |
| Operating Margin | -10.9% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2016, Philadelphia Wooden Boat Factory reported a deficit of $61K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Philadelphia Wooden Boat Factory's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -12.8% | +31.4% | -17.8% |
| 2015 | +65.6% | +41.2% | +73.1% |
| 2014 | +61.4% | +74.4% | +39.9% |
| 2013 | +27.9% | -11.3% | +24.2% |
| 2012 | -22.7% | +9.1% | -20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Philadelphia Wooden Boat Factory 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 Philadelphia Wooden Boat Factory 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Frequently Asked Questions about Philadelphia Wooden Boat Factory
Is Philadelphia Wooden Boat Factory a legitimate charity?
Based on AI analysis of IRS 990 filings, Philadelphia Wooden Boat Factory (EIN: 232997335) insufficient data. 0 red flags identified, 0 strengths noted.
How does Philadelphia Wooden Boat Factory spend its money?
Detailed spending breakdown data is not yet available for Philadelphia Wooden Boat Factory. Check back for updated IRS 990 analysis.
Are donations to Philadelphia Wooden Boat Factory tax-deductible?
Philadelphia Wooden Boat Factory is registered as a tax-exempt nonprofit (EIN: 232997335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philadelphia Wooden Boat Factory located?
Philadelphia Wooden Boat Factory is headquartered in Havertown, Pennsylvania and files with the IRS under EIN 232997335. It is classified under NTEE code B80.
How many years of IRS 990 filings does Philadelphia Wooden Boat Factory have?
Philadelphia Wooden Boat Factory has 6 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 $557K in total revenue.
Filing History
IRS 990 filing history for Philadelphia Wooden Boat Factory showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Philadelphia Wooden Boat Factory's revenue has grown by 130.4%, moving from $242K to $557K. Total assets increased by 96.1% over the same period, from $138K to $270K. Total functional expenses rose by 212.8%, from $197K to $618K. In its most recent filing year (2016), Philadelphia Wooden Boat Factory reported a deficit of $61K, with expenses exceeding revenue. The organization holds $16K in liabilities against $270K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $254K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $557K | $618K | $270K | $16K | — | View 990 |
| 2015 | $639K | $470K | $328K | $18K | — | View 990 |
| 2014 | $386K | $333K | $190K | $35K | — | View 990 |
| 2013 | $239K | $191K | $136K | $34K | — | View 990 |
| 2012 | $187K | $215K | $109K | $0 | — | View 990 |
| 2011 | $242K | $197K | $138K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $557K, expenses of $618K, and assets of $270K (revenue -12.8% year-over-year).
- 2015: Revenue of $639K, expenses of $470K, and assets of $328K (revenue +65.6% year-over-year).
- 2014: Revenue of $386K, expenses of $333K, and assets of $190K (revenue +61.4% year-over-year).
- 2013: Revenue of $239K, expenses of $191K, and assets of $136K (revenue +27.9% year-over-year).
- 2012: Revenue of $187K, expenses of $215K, and assets of $109K (revenue -22.7% year-over-year).
- 2011: Revenue of $242K, expenses of $197K, and assets of $138K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philadelphia Wooden Boat Factory:
Data Sources and Methodology
This transparency report for Philadelphia Wooden Boat Factory 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.