Portsmouth Submarine & Maritime Association
Portsmouth Submarine & Maritime Association maintains strong assets and volunteer leadership with consistent operations.
EIN: 20364509 · Portsmouth, NH · NTEE: A540 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $498K |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 90/100 |
Is Portsmouth Submarine & Maritime Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portsmouth Submarine & Maritime Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portsmouth Submarine & Maritime Association
Portsmouth Submarine & Maritime Association (EIN: 20364509) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code A540. The organization reported total revenue of $1.4M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portsmouth Submarine & Maritime Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portsmouth Submarine & Maritime Association is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $528K |
| Total Expenses | $498K |
| Surplus / Deficit | +$30K |
| Total Assets | $2.0M |
| Total Liabilities | $19K |
| Net Assets | $1.9M |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Portsmouth Submarine & Maritime Association reported a surplus of $30K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Portsmouth Submarine & Maritime Association's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.9% | +9.1% | +2.4% |
| 2022 | +3.5% | +17.2% | -6.0% |
| 2021 | -1.8% | -12.4% | -2.1% |
| 2020 | +314.3% | +240.4% | -4.5% |
| 2019 | -76.8% | -63.4% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Portsmouth Submarine & Maritime Association with a Mission Score of 90 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, Portsmouth Submarine & Maritime Association 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 surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient and maximizes resources for its mission.
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 Portsmouth Submarine & Maritime Association:
- No reported officer compensation, indicating volunteer leadership and high efficiency.
- Strong and growing asset base, currently at $2,723,124, demonstrating financial stability.
- Low liabilities across all filing periods, suggesting prudent financial management.
- Consistent IRS 990 filing history (14 filings), indicating good transparency and compliance.
Frequently Asked Questions about Portsmouth Submarine & Maritime Association
Is Portsmouth Submarine & Maritime Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Portsmouth Submarine & Maritime Association (EIN: 20364509) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Portsmouth Submarine & Maritime Association spend its money?
Portsmouth Submarine & Maritime Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portsmouth Submarine & Maritime Association tax-deductible?
Portsmouth Submarine & Maritime Association is registered as a tax-exempt nonprofit (EIN: 20364509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portsmouth Submarine & Maritime Association's spending goes to programs?
Portsmouth Submarine & Maritime Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portsmouth Submarine & Maritime Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Portsmouth Submarine & Maritime Association is above average for NTEE category A540 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portsmouth Submarine & Maritime Association located?
Portsmouth Submarine & Maritime Association is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20364509. It is classified under NTEE code A540.
How many years of IRS 990 filings does Portsmouth Submarine & Maritime Association have?
Portsmouth Submarine & Maritime Association has 14 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 $1.4M in total revenue.
Is Portsmouth Submarine & Maritime Association a good charity?
Based on the available financial data, the Portsmouth Submarine & Maritime Association appears to be a well-managed and financially stable charity. Key indicators include a strong asset base ($2,723,124), low liabilities, and no reported officer compensation, suggesting high efficiency and a volunteer-driven model.
How has the organization's financial health changed over time?
The organization has maintained a strong and growing asset base, from $2,228,349 in 2015 to $2,723,124 currently. While revenues and expenses fluctuate annually, they generally remain within a stable operational range, indicating consistent financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a fully volunteer executive leadership. This is a highly positive sign for efficiency and ensures that funds are directed towards the mission rather than executive salaries.
Filing History
IRS 990 filing history for Portsmouth Submarine & Maritime Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Portsmouth Submarine & Maritime Association's revenue has grown by 237.4%, moving from $156K to $528K. Total assets increased by 105.9% over the same period, from $950K to $2.0M. Total functional expenses rose by 177.2%, from $180K to $498K. In its most recent filing year (2023), Portsmouth Submarine & Maritime Association reported a surplus of $30K, with revenue exceeding expenses. The organization holds $19K in liabilities against $2.0M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $528K | $498K | $2.0M | $19K | — | — |
| 2022 | $374K | $456K | $1.9M | $2K | — | View 990 |
| 2021 | $362K | $389K | $2.0M | $43K | — | View 990 |
| 2020 | $368K | $445K | $2.1M | $59K | — | View 990 |
| 2019 | $89K | $131K | $2.2M | $80K | — | View 990 |
| 2019 | $383K | $357K | $2.2M | $86K | — | View 990 |
| 2018 | $306K | $393K | $2.2M | $97K | — | View 990 |
| 2017 | $273K | $328K | $2.3M | $110K | — | View 990 |
| 2016 | $238K | $215K | $2.3M | $20K | — | View 990 |
| 2015 | $235K | $197K | $2.2M | $230 | — | View 990 |
| 2014 | $1.4M | $245K | $2.2M | $20 | — | View 990 |
| 2013 | $218K | $195K | $996K | $1K | — | View 990 |
| 2012 | $197K | $176K | $971K | $0 | — | View 990 |
| 2011 | $156K | $180K | $950K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $528K, expenses of $498K, and assets of $2.0M (revenue +40.9% year-over-year).
- 2022: Revenue of $374K, expenses of $456K, and assets of $1.9M (revenue +3.5% year-over-year).
- 2021: Revenue of $362K, expenses of $389K, and assets of $2.0M (revenue -1.8% year-over-year).
- 2020: Revenue of $368K, expenses of $445K, and assets of $2.1M (revenue +314.3% year-over-year).
- 2019: Revenue of $89K, expenses of $131K, and assets of $2.2M (revenue -76.8% year-over-year).
- 2019: Revenue of $383K, expenses of $357K, and assets of $2.2M (revenue +25.4% year-over-year).
- 2018: Revenue of $306K, expenses of $393K, and assets of $2.2M (revenue +12.2% year-over-year).
- 2017: Revenue of $273K, expenses of $328K, and assets of $2.3M (revenue +14.6% year-over-year).
- 2016: Revenue of $238K, expenses of $215K, and assets of $2.3M (revenue +1.4% year-over-year).
- 2015: Revenue of $235K, expenses of $197K, and assets of $2.2M (revenue -83.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $245K, and assets of $2.2M (revenue +560.5% year-over-year).
- 2013: Revenue of $218K, expenses of $195K, and assets of $996K (revenue +11.0% year-over-year).
- 2012: Revenue of $197K, expenses of $176K, and assets of $971K (revenue +25.8% year-over-year).
- 2011: Revenue of $156K, expenses of $180K, and assets of $950K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portsmouth Submarine & Maritime Association:
Data Sources and Methodology
This transparency report for Portsmouth Submarine & Maritime Association 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.