Pleasant Bay Community Boating Inc
Pleasant Bay Community Boating Inc maintains strong asset growth and zero executive compensation over a decade.
EIN: 200274168 · Harwich, MA · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 92/100 |
Is Pleasant Bay Community Boating Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pleasant Bay Community Boating Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pleasant Bay Community Boating Inc
Pleasant Bay Community Boating Inc (EIN: 200274168) is a nonprofit organization based in Harwich, MA, classified under NTEE code N67. The organization reported total revenue of $1.1M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pleasant Bay Community Boating Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pleasant Bay Community Boating Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-64,188 |
| Total Assets | $4.7M |
| Total Liabilities | $1.3M |
| Net Assets | $3.3M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 49.8 months |
Financial Health Grade: B
In 2023, Pleasant Bay Community Boating Inc reported a deficit of $64K with expenses exceeding revenue, holds 49.8 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pleasant Bay Community Boating Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | +13.5% | -2.3% |
| 2022 | -49.0% | +17.9% | -3.2% |
| 2021 | +31.4% | +31.6% | +14.7% |
| 2020 | +37.5% | -6.4% | +10.5% |
| 2019 | +39.6% | +11.4% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Pleasant Bay Community Boating Inc with a Mission Score of 92 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, Pleasant Bay Community Boating Inc 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
Pleasant Bay Community Boating Inc reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure which significantly enhances financial efficiency by directing all funds to programs and operations.
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 Pleasant Bay Community Boating Inc:
- Consistent asset growth, from $3.37M in 2014 to $4.65M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Strong transparency with 13 consistent IRS 990 filings.
- Positive net asset position maintained over the decade.
- Revenue consistently exceeding $900,000 in recent years (2021-2023 average).
Frequently Asked Questions about Pleasant Bay Community Boating Inc
Is Pleasant Bay Community Boating Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pleasant Bay Community Boating Inc (EIN: 200274168) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Pleasant Bay Community Boating Inc spend its money?
Pleasant Bay Community Boating Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pleasant Bay Community Boating Inc tax-deductible?
Pleasant Bay Community Boating Inc is registered as a tax-exempt nonprofit (EIN: 200274168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pleasant Bay Community Boating Inc's spending goes to programs?
Pleasant Bay Community Boating Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pleasant Bay Community Boating Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Pleasant Bay Community Boating Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pleasant Bay Community Boating Inc located?
Pleasant Bay Community Boating Inc is headquartered in Harwich, Massachusetts and files with the IRS under EIN 200274168. It is classified under NTEE code N67.
How many years of IRS 990 filings does Pleasant Bay Community Boating Inc have?
Pleasant Bay Community Boating 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 $1.1M in total revenue.
Is Pleasant Bay Community Boating Inc a good charity?
Based on the available IRS 990 data, Pleasant Bay Community Boating Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, efficient spending due to zero reported executive compensation, and a clear history of transparency through its regular filings.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over time. Assets have grown from $3,366,220 in 2014 to $4,652,033 in 2023, indicating strong financial management and growth. While revenue and expenses fluctuate annually, the overall trend shows a growing and stable organization.
What is the organization's approach to executive compensation?
Pleasant Bay Community Boating Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation in all 13 available filings. This suggests that executive leadership is entirely volunteer-based, maximizing the allocation of funds to the organization's mission.
Filing History
IRS 990 filing history for Pleasant Bay Community Boating Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pleasant Bay Community Boating Inc's revenue has grown by 1163.3%, moving from $84K to $1.1M. Total assets increased by 10951.5% over the same period, from $42K to $4.7M. Total functional expenses rose by 1526.1%, from $69K to $1.1M. In its most recent filing year (2023), Pleasant Bay Community Boating Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $4.7M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $4.7M | $1.3M | — | — |
| 2022 | $900K | $988K | $4.8M | $1.4M | — | View 990 |
| 2021 | $1.8M | $838K | $4.9M | $1.5M | — | View 990 |
| 2020 | $1.3M | $637K | $4.3M | $1.8M | — | View 990 |
| 2019 | $977K | $681K | $3.9M | $2.1M | — | View 990 |
| 2018 | $700K | $611K | $3.8M | $2.3M | — | View 990 |
| 2017 | $875K | $564K | $3.9M | $2.5M | — | View 990 |
| 2016 | $616K | $509K | $3.6M | $2.5M | — | View 990 |
| 2015 | $498K | $355K | $3.5M | $2.5M | — | View 990 |
| 2014 | $992K | $159K | $3.4M | $2.5M | — | View 990 |
| 2013 | $97K | $78K | $53K | $0 | — | View 990 |
| 2012 | $146K | $154K | $34K | $0 | — | View 990 |
| 2011 | $84K | $69K | $42K | $396 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $4.7M (revenue +17.4% year-over-year).
- 2022: Revenue of $900K, expenses of $988K, and assets of $4.8M (revenue -49.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $838K, and assets of $4.9M (revenue +31.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $637K, and assets of $4.3M (revenue +37.5% year-over-year).
- 2019: Revenue of $977K, expenses of $681K, and assets of $3.9M (revenue +39.6% year-over-year).
- 2018: Revenue of $700K, expenses of $611K, and assets of $3.8M (revenue -20.0% year-over-year).
- 2017: Revenue of $875K, expenses of $564K, and assets of $3.9M (revenue +42.1% year-over-year).
- 2016: Revenue of $616K, expenses of $509K, and assets of $3.6M (revenue +23.6% year-over-year).
- 2015: Revenue of $498K, expenses of $355K, and assets of $3.5M (revenue -49.8% year-over-year).
- 2014: Revenue of $992K, expenses of $159K, and assets of $3.4M (revenue +920.2% year-over-year).
- 2013: Revenue of $97K, expenses of $78K, and assets of $53K (revenue -33.5% year-over-year).
- 2012: Revenue of $146K, expenses of $154K, and assets of $34K (revenue +74.7% year-over-year).
- 2011: Revenue of $84K, expenses of $69K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pleasant Bay Community Boating Inc:
Data Sources and Methodology
This transparency report for Pleasant Bay Community Boating 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.