Rocking The Boat Inc
Rocking The Boat Inc. consistently generates significant surpluses and shows strong asset growth with no reported officer compensation.
EIN: 134177814 · Bronx, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $3.3M |
| Program Spending | 85% |
| Net Assets | $7.7M |
| Transparency Score | 90/100 |
Is Rocking The Boat Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rocking The Boat Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rocking The Boat Inc
Rocking The Boat Inc (EIN: 134177814) is a nonprofit organization based in Bronx, NY, classified under NTEE code B99. The organization reported total revenue of $5.9M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rocking The Boat Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rocking The Boat Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $8.4M |
| Total Liabilities | $678K |
| Net Assets | $7.7M |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 30.4 months |
Financial Health Grade: A
In 2023, Rocking The Boat Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rocking The Boat Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.3% | +5.8% | +31.0% |
| 2022 | -0.4% | +13.0% | -7.6% |
| 2021 | -14.4% | +11.6% | +3.9% |
| 2020 | +24.8% | -11.5% | +33.5% |
| 2019 | -1.4% | +8.8% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Rocking The Boat Inc 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, Rocking The Boat 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 surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, indicating that the organization's leadership either serves without direct compensation or compensation is structured in a way that is not reported under 'officer compensation' on the 990, which is a strong positive for directing funds to 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.
Red Flags
The following concerns were identified during AI analysis of Rocking The Boat Inc's IRS 990 filings:
- Lack of detailed breakdown on administrative vs. program expenses in provided data
- Unusually consistent 0% officer compensation across all filings may warrant further inquiry into how leadership is compensated or if it's volunteer-led.
Strengths
The following positive indicators were identified for Rocking The Boat Inc:
- Consistent generation of significant financial surpluses (e.g., $4,983,860 revenue vs. $3,302,138 expenses in 202312).
- Strong and consistent asset growth over the past decade, from $2,378,280 in 201412 to $8,360,307 in 202312.
- No reported officer compensation across all 14 filings, indicating a high dedication to mission-focused spending.
- Healthy financial reserves and manageable liabilities, suggesting low financial risk.
- Steady revenue growth, demonstrating increasing support and operational capacity.
Frequently Asked Questions about Rocking The Boat Inc
Is Rocking The Boat Inc a legitimate charity?
Rocking The Boat Inc (EIN: 134177814) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.9M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Rocking The Boat Inc spend its money?
Rocking The Boat Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rocking The Boat Inc tax-deductible?
Rocking The Boat Inc is registered as a tax-exempt nonprofit (EIN: 134177814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rocking The Boat Inc's spending goes to programs?
Rocking The Boat Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rocking The Boat Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Rocking The Boat Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rocking The Boat Inc located?
Rocking The Boat Inc is headquartered in Bronx, New York and files with the IRS under EIN 134177814. It is classified under NTEE code B99.
How many years of IRS 990 filings does Rocking The Boat Inc have?
Rocking The Boat Inc 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 $5.9M in total revenue.
Is Rocking The Boat Inc. a good charity?
Based on the available financial data, Rocking The Boat Inc. appears to be a very good charity. It consistently generates surpluses, has growing assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient financial management.
How has Rocking The Boat Inc.'s financial health changed over time?
Rocking The Boat Inc. has shown consistent growth in revenue and assets over the past decade. For instance, revenue grew from $2,170,402 in 201412 to $4,983,860 in 202312, and assets increased from $2,378,280 to $8,360,307 in the same period, indicating robust financial health and expansion.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 14 available IRS 990 filings, which is highly unusual and suggests a strong dedication to minimizing overhead related to executive salaries, or that compensation is structured differently and not reported in this specific section.
Filing History
IRS 990 filing history for Rocking The Boat Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rocking The Boat Inc's revenue has grown by 207.7%, moving from $1.6M to $5.0M. Total assets increased by 361.9% over the same period, from $1.8M to $8.4M. Total functional expenses rose by 158.6%, from $1.3M to $3.3M. In its most recent filing year (2023), Rocking The Boat Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $678K in liabilities against $8.4M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $3.3M | $8.4M | $678K | — | View 990 |
| 2022 | $3.1M | $3.1M | $6.4M | $714K | — | View 990 |
| 2021 | $3.2M | $2.8M | $6.9M | $926K | — | View 990 |
| 2020 | $3.7M | $2.5M | $6.6M | $1.3M | — | — |
| 2019 | $3.0M | $2.8M | $5.0M | $977K | — | View 990 |
| 2018 | $3.0M | $2.6M | $4.7M | $1.1M | — | View 990 |
| 2017 | $3.0M | $2.4M | $4.5M | $1.3M | — | View 990 |
| 2016 | $2.6M | $2.3M | $2.7M | $98K | — | View 990 |
| 2015 | $2.2M | $2.1M | $2.5M | $63K | — | View 990 |
| 2014 | $2.2M | $1.8M | $2.4M | $59K | — | View 990 |
| 2013 | $1.7M | $1.7M | $2.0M | $50K | — | View 990 |
| 2012 | $1.8M | $1.8M | $2.0M | $87K | — | View 990 |
| 2011 | $1.8M | $1.7M | $2.1M | $196K | — | View 990 |
| 2010 | $1.6M | $1.3M | $1.8M | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $3.3M, and assets of $8.4M (revenue +58.3% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $6.4M (revenue -0.4% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.8M, and assets of $6.9M (revenue -14.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $2.5M, and assets of $6.6M (revenue +24.8% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.8M, and assets of $5.0M (revenue -1.4% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.6M, and assets of $4.7M (revenue -0.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.4M, and assets of $4.5M (revenue +17.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.3M, and assets of $2.7M (revenue +18.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $2.5M (revenue +0.3% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.8M, and assets of $2.4M (revenue +25.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $2.0M (revenue -5.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $2.0M (revenue +0.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $2.1M (revenue +12.4% year-over-year).
- 2010: Revenue of $1.6M, expenses of $1.3M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rocking The Boat Inc:
Data Sources and Methodology
This transparency report for Rocking The Boat 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.