Valhalla Sailing Project Ltd
EIN: 475260622 · Annapolis, MD · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $39K |
| Net Assets | $89K |
Is Valhalla Sailing Project Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valhalla Sailing Project Ltd
Valhalla Sailing Project Ltd (EIN: 475260622) is a nonprofit organization based in Annapolis, MD, classified under NTEE code P20. The organization reported total revenue of $77K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valhalla Sailing Project Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valhalla Sailing Project Ltd is a micro nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $39K |
| Surplus / Deficit | +$14K |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | 26.0% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, Valhalla Sailing Project Ltd reported a surplus of $14K with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Valhalla Sailing Project Ltd's revenue has declined at a compound annual growth rate (CAGR) of -19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | -49.5% | -10.7% |
| 2022 | -51.3% | -8.2% | -21.4% |
| 2021 | +0.2% | +76.5% | +43.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Valhalla Sailing Project Ltd 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 Valhalla Sailing Project Ltd 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about Valhalla Sailing Project Ltd
Is Valhalla Sailing Project Ltd a legitimate charity?
Valhalla Sailing Project Ltd (EIN: 475260622) is a registered tax-exempt nonprofit based in Maryland. It has 4 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: A.
How does Valhalla Sailing Project Ltd spend its money?
Valhalla Sailing Project Ltd reported $77K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Valhalla Sailing Project Ltd tax-deductible?
Valhalla Sailing Project Ltd is registered as a tax-exempt nonprofit (EIN: 475260622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Valhalla Sailing Project Ltd located?
Valhalla Sailing Project Ltd is headquartered in Annapolis, Maryland and files with the IRS under EIN 475260622. It is classified under NTEE code P20.
How many years of IRS 990 filings does Valhalla Sailing Project Ltd have?
Valhalla Sailing Project Ltd has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $77K in total revenue.
Filing History
IRS 990 filing history for Valhalla Sailing Project Ltd showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Valhalla Sailing Project Ltd's revenue has declined by 48.5%, moving from $101K to $52K. Total assets increased by 1% over the same period, from $88K to $89K. Total functional expenses fell by 18.2%, from $47K to $39K. In its most recent filing year (2023), Valhalla Sailing Project Ltd reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $39K | $89K | $0 | — | View 990 |
| 2022 | $49K | $76K | $99K | $0 | — | View 990 |
| 2021 | $101K | $83K | $126K | $0 | — | — |
| 2020 | $101K | $47K | $88K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $39K, and assets of $89K (revenue +5.6% year-over-year).
- 2022: Revenue of $49K, expenses of $76K, and assets of $99K (revenue -51.3% year-over-year).
- 2021: Revenue of $101K, expenses of $83K, and assets of $126K (revenue +0.2% year-over-year).
- 2020: Revenue of $101K, expenses of $47K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valhalla Sailing Project Ltd:
Data Sources and Methodology
This transparency report for Valhalla Sailing Project Ltd 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.