Sporting Arms And Ammunition Manufacturers Institute Inc
Sporting Arms And Ammunition Manufacturers Institute Inc shows consistent financial growth and no reported officer compensation over the past decade.
EIN: 204993541 · Shelton, CT · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $8.0M |
| Transparency Score | 90/100 |
Is Sporting Arms And Ammunition Manufacturers Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sporting Arms And Ammunition Manufacturers Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sporting Arms And Ammunition Manufacturers Institute Inc
Sporting Arms And Ammunition Manufacturers Institute Inc (EIN: 204993541) is a nonprofit organization based in Shelton, CT, classified under NTEE code S41. The organization reported total revenue of $2.7M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sporting Arms And Ammunition Manufacturers Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sporting Arms And Ammunition Manufacturers Institute Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$473K |
| Total Assets | $8.3M |
| Total Liabilities | $310K |
| Net Assets | $8.0M |
| Operating Margin | 22.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 61.6 months |
Financial Health Grade: A
In 2023, Sporting Arms And Ammunition Manufacturers Institute Inc reported a surplus of $473K with revenue exceeding expenses, holds 61.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Sporting Arms And Ammunition Manufacturers Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +47.1% | -4.7% |
| 2022 | +8.5% | +10.2% | +15.3% |
| 2021 | -1.4% | -32.3% | +45.5% |
| 2020 | +1.7% | -7.2% | -1.0% |
| 2019 | -4.9% | +9.9% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Sporting Arms And Ammunition Manufacturers Institute 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, Sporting Arms And Ammunition Manufacturers Institute 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 $473K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Sporting Arms And Ammunition Manufacturers Institute Inc has reported 0% officer compensation across all available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with revenues consistently above $1.8 million.
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 Sporting Arms And Ammunition Manufacturers Institute Inc's IRS 990 filings:
- No reported officer compensation for an organization with multi-million dollar revenues, which warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Sporting Arms And Ammunition Manufacturers Institute Inc:
- Consistent revenue generation, with annual revenues consistently above $1.8 million.
- Strong asset growth, increasing from $2.47 million in 2014 to $8.34 million in 2023.
- Consistent operational surpluses, with revenues exceeding expenses in all reported periods.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $310,053 liabilities vs. $8,341,346 assets in 2023).
Frequently Asked Questions about Sporting Arms And Ammunition Manufacturers Institute Inc
Is Sporting Arms And Ammunition Manufacturers Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sporting Arms And Ammunition Manufacturers Institute Inc (EIN: 204993541) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Sporting Arms And Ammunition Manufacturers Institute Inc spend its money?
Sporting Arms And Ammunition Manufacturers Institute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sporting Arms And Ammunition Manufacturers Institute Inc tax-deductible?
Sporting Arms And Ammunition Manufacturers Institute Inc is registered as a tax-exempt nonprofit (EIN: 204993541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sporting Arms And Ammunition Manufacturers Institute Inc CEO make?
Sporting Arms And Ammunition Manufacturers Institute Inc's highest-compensated officer earns $1.8 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sporting Arms And Ammunition Manufacturers Institute Inc's spending goes to programs?
Sporting Arms And Ammunition Manufacturers Institute Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sporting Arms And Ammunition Manufacturers Institute Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sporting Arms And Ammunition Manufacturers Institute Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sporting Arms And Ammunition Manufacturers Institute Inc located?
Sporting Arms And Ammunition Manufacturers Institute Inc is headquartered in Shelton, Connecticut and files with the IRS under EIN 204993541. It is classified under NTEE code S41.
How many years of IRS 990 filings does Sporting Arms And Ammunition Manufacturers Institute Inc have?
Sporting Arms And Ammunition Manufacturers Institute Inc has 12 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 $2.7M in total revenue.
How does SAAMI manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that leadership roles are entirely volunteer-based, or compensation is structured in a way that it is not reported under 'officer compensation' on the 990, such as through a related entity or as general employee salaries.
What is the primary source of SAAMI's revenue?
While specific revenue sources are not detailed in the provided data, given its NTEE code S41 (Business & Commerce) and its name, it is highly probable that revenue comes from membership dues, industry standards development, certifications, or related services within the sporting arms and ammunition manufacturing sector.
Is SAAMI's asset growth sustainable?
SAAMI has demonstrated consistent asset growth over the past decade, from $2.47 million in 2014 to $8.34 million in 2023, driven by revenues consistently exceeding expenses. This trend suggests sustainable financial management and a healthy accumulation of reserves.
Filing History
IRS 990 filing history for Sporting Arms And Ammunition Manufacturers Institute Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Sporting Arms And Ammunition Manufacturers Institute Inc's revenue has grown by 52.9%, moving from $1.4M to $2.1M. Total assets increased by 516.2% over the same period, from $1.4M to $8.3M. Total functional expenses rose by 30.1%, from $1.2M to $1.6M. In its most recent filing year (2023), Sporting Arms And Ammunition Manufacturers Institute Inc reported a surplus of $473K, with revenue exceeding expenses. The organization holds $310K in liabilities against $8.3M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.6M | $8.3M | $310K | — | View 990 |
| 2022 | $2.0M | $1.1M | $8.8M | $419K | — | View 990 |
| 2021 | $1.8M | $1.0M | $7.6M | $365K | — | — |
| 2020 | $1.8M | $1.5M | $5.2M | $378K | — | — |
| 2019 | $1.8M | $1.6M | $5.3M | $459K | — | View 990 |
| 2018 | $1.9M | $1.5M | $4.9M | $464K | — | View 990 |
| 2017 | $1.9M | $1.4M | $4.2M | $478K | — | View 990 |
| 2016 | $1.8M | $1.3M | $3.5M | $521K | — | View 990 |
| 2015 | $1.8M | $1.5M | $3.1M | $592K | — | View 990 |
| 2014 | $1.7M | $1.1M | $2.5M | $469K | — | View 990 |
| 2013 | $1.4M | $1.1M | $1.7M | $128 | — | View 990 |
| 2012 | $1.4M | $1.2M | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.6M, and assets of $8.3M (revenue +6.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.1M, and assets of $8.8M (revenue +8.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.0M, and assets of $7.6M (revenue -1.4% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.5M, and assets of $5.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $5.3M (revenue -4.9% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.5M, and assets of $4.9M (revenue -1.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.4M, and assets of $4.2M (revenue +5.1% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.3M, and assets of $3.5M (revenue +0.5% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $3.1M (revenue +5.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.1M, and assets of $2.5M (revenue +21.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.1M, and assets of $1.7M (revenue +4.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sporting Arms And Ammunition Manufacturers Institute Inc:
Data Sources and Methodology
This transparency report for Sporting Arms And Ammunition Manufacturers Institute 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.