Sail Power And Steam Museum
EIN: 261473502 · Rockland, ME · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $831K |
| Total Expenses | $546K |
| Net Assets | $2.7M |
Is Sail Power And Steam Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sail Power And Steam Museum
Sail Power And Steam Museum (EIN: 261473502) is a nonprofit organization based in Rockland, ME, classified under NTEE code B90. The organization reported total revenue of $831K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sail Power And Steam Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sail Power And Steam Museum is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582K |
| Total Expenses | $546K |
| Surplus / Deficit | +$35K |
| Total Assets | $3.0M |
| Total Liabilities | $314K |
| Net Assets | $2.7M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 66.8 months |
Financial Health Grade: A
In 2023, Sail Power And Steam Museum reported a surplus of $35K with revenue exceeding expenses, holds 66.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sail Power And Steam Museum's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.7% | +17.0% | +2.8% |
| 2022 | +588.2% | +120.8% | +64.0% |
| 2021 | -66.5% | +57.9% | +10.8% |
| 2020 | +268.7% | +6.3% | +62.8% |
| 2019 | -3.1% | -17.6% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sail Power And Steam Museum 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 Sail Power And Steam Museum 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Frequently Asked Questions about Sail Power And Steam Museum
Is Sail Power And Steam Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Sail Power And Steam Museum (EIN: 261473502) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sail Power And Steam Museum spend its money?
Detailed spending breakdown data is not yet available for Sail Power And Steam Museum. Check back for updated IRS 990 analysis.
Are donations to Sail Power And Steam Museum tax-deductible?
Sail Power And Steam Museum is registered as a tax-exempt nonprofit (EIN: 261473502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sail Power And Steam Museum located?
Sail Power And Steam Museum is headquartered in Rockland, Maine and files with the IRS under EIN 261473502. It is classified under NTEE code B90.
How many years of IRS 990 filings does Sail Power And Steam Museum have?
Sail Power And Steam Museum 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 $831K in total revenue.
Filing History
IRS 990 filing history for Sail Power And Steam Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sail Power And Steam Museum's revenue has grown by 705.1%, moving from $72K to $582K. Total assets increased by 175.3% over the same period, from $1.1M to $3.0M. Total functional expenses rose by 1888%, from $27K to $546K. In its most recent filing year (2023), Sail Power And Steam Museum reported a surplus of $35K, with revenue exceeding expenses. The organization holds $314K in liabilities against $3.0M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $582K | $546K | $3.0M | $314K | — | View 990 |
| 2022 | $1.6M | $467K | $3.0M | $267K | — | View 990 |
| 2021 | $239K | $212K | $1.8M | $289K | — | View 990 |
| 2020 | $715K | $134K | $1.6M | $141K | — | View 990 |
| 2019 | $194K | $126K | $1.0M | $93K | — | View 990 |
| 2018 | $200K | $153K | $845K | $4K | — | View 990 |
| 2017 | $208K | $151K | $804K | $10K | — | View 990 |
| 2016 | $130K | $79K | $743K | $6K | — | View 990 |
| 2015 | $142K | $96K | $698K | $12K | — | View 990 |
| 2014 | $104K | $34K | $641K | $1K | — | View 990 |
| 2013 | $-496,061 | $28K | $586K | $17K | — | View 990 |
| 2012 | $92K | $58K | $1.1M | $45K | — | View 990 |
| 2011 | $73K | $39K | $1.1M | $74K | — | View 990 |
| 2010 | $72K | $27K | $1.1M | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $582K, expenses of $546K, and assets of $3.0M (revenue -64.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $467K, and assets of $3.0M (revenue +588.2% year-over-year).
- 2021: Revenue of $239K, expenses of $212K, and assets of $1.8M (revenue -66.5% year-over-year).
- 2020: Revenue of $715K, expenses of $134K, and assets of $1.6M (revenue +268.7% year-over-year).
- 2019: Revenue of $194K, expenses of $126K, and assets of $1.0M (revenue -3.1% year-over-year).
- 2018: Revenue of $200K, expenses of $153K, and assets of $845K (revenue -3.7% year-over-year).
- 2017: Revenue of $208K, expenses of $151K, and assets of $804K (revenue +59.9% year-over-year).
- 2016: Revenue of $130K, expenses of $79K, and assets of $743K (revenue -8.6% year-over-year).
- 2015: Revenue of $142K, expenses of $96K, and assets of $698K (revenue +36.6% year-over-year).
- 2014: Revenue of $104K, expenses of $34K, and assets of $641K.
- 2013: Revenue of $-496,061, expenses of $28K, and assets of $586K (revenue -637.7% year-over-year).
- 2012: Revenue of $92K, expenses of $58K, and assets of $1.1M (revenue +25.9% year-over-year).
- 2011: Revenue of $73K, expenses of $39K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2010: Revenue of $72K, expenses of $27K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sail Power And Steam Museum:
Data Sources and Methodology
This transparency report for Sail Power And Steam Museum 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.