Western New York Maritime Charter School
Western New York Maritime Charter School shows asset growth but experiences intermittent operating deficits.
EIN: 200700915 · Buffalo, NY · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $7.7M |
| Program Spending | 85% |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Western New York Maritime Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Western New York Maritime Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Western New York Maritime Charter School
Western New York Maritime Charter School (EIN: 200700915) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B25. The organization reported total revenue of $7.9M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western New York Maritime Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western New York Maritime Charter School is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $6.9M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-856,352 |
| Total Assets | $7.8M |
| Total Liabilities | $4.4M |
| Net Assets | $3.5M |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 55.6% |
| Months of Reserves | 12.2 months |
Financial Health Grade: C
In 2023, Western New York Maritime Charter School reported a deficit of $856K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 55.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Western New York Maritime Charter School's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | +4.5% | -16.0% |
| 2022 | -9.7% | +6.6% | +19.7% |
| 2021 | +22.1% | -3.3% | +39.9% |
| 2020 | -4.7% | -4.6% | +7.8% |
| 2019 | +7.4% | +11.1% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Western New York Maritime Charter School with a Mission Score of 85 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, Western New York Maritime Charter School 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 deficit of $856K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a highly positive sign for resource allocation and transparency.
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 Western New York Maritime Charter School's IRS 990 filings:
- Intermittent operating deficits (e.g., 202306, 202006, 201906 where expenses exceeded revenue).
Strengths
The following positive indicators were identified for Western New York Maritime Charter School:
- Consistent 0% officer compensation reported across all filings, indicating strong resource allocation.
- Significant growth in assets over the past decade, from $1,698,367 in 201406 to $7,838,074 in 202306.
- Healthy asset-to-liability ratio, with assets consistently exceeding liabilities.
Frequently Asked Questions about Western New York Maritime Charter School
Is Western New York Maritime Charter School a legitimate charity?
Western New York Maritime Charter School (EIN: 200700915) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.9M. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Western New York Maritime Charter School spend its money?
Western New York Maritime Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Western New York Maritime Charter School tax-deductible?
Western New York Maritime Charter School is registered as a tax-exempt nonprofit (EIN: 200700915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Western New York Maritime Charter School's spending goes to programs?
Western New York Maritime Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Western New York Maritime Charter School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Western New York Maritime Charter School is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Western New York Maritime Charter School located?
Western New York Maritime Charter School is headquartered in Buffalo, New York and files with the IRS under EIN 200700915. It is classified under NTEE code B25.
How many years of IRS 990 filings does Western New York Maritime Charter School have?
Western New York Maritime Charter School has 13 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 $7.9M in total revenue.
Is Western New York Maritime Charter School financially stable?
The organization shows a strong asset base, with assets of $7,838,074 in 202306 significantly exceeding liabilities of $4,354,652. However, it has experienced several years where expenses exceeded revenue, such as in 202306, indicating intermittent operating deficits that warrant monitoring.
How does Western New York Maritime Charter School manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that no officers receive salaries from the organization, which is a strong indicator of financial prudence and mission focus.
Has the organization's financial health improved over time?
Yes, the organization's assets have grown substantially from $1,698,367 in 201406 to $7,838,074 in 202306, indicating significant long-term growth in its financial capacity.
Filing History
IRS 990 filing history for Western New York Maritime Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Western New York Maritime Charter School's revenue has grown by 58.3%, moving from $4.3M to $6.9M. Total assets increased by 414.4% over the same period, from $1.5M to $7.8M. Total functional expenses rose by 91.4%, from $4.0M to $7.7M. In its most recent filing year (2023), Western New York Maritime Charter School reported a deficit of $856K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $7.8M in assets (debt-to-asset ratio: 55.6%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.7M | $7.8M | $4.4M | — | View 990 |
| 2022 | $7.9M | $7.4M | $9.3M | $5.0M | — | View 990 |
| 2021 | $8.7M | $6.9M | $7.8M | $4.0M | — | View 990 |
| 2020 | $7.2M | $7.2M | $5.6M | $3.5M | — | View 990 |
| 2019 | $7.5M | $7.5M | $5.2M | $3.1M | — | View 990 |
| 2018 | $7.0M | $6.8M | $4.7M | $2.6M | — | View 990 |
| 2017 | $6.4M | $5.7M | $3.9M | $2.1M | — | View 990 |
| 2016 | $5.2M | $4.9M | $1.8M | $681K | — | View 990 |
| 2015 | $4.7M | $4.8M | $1.6M | $698K | — | View 990 |
| 2014 | $4.7M | $4.8M | $1.7M | $747K | — | View 990 |
| 2013 | $4.1M | $4.3M | $1.7M | $685K | — | View 990 |
| 2012 | $4.6M | $4.2M | $1.9M | $673K | — | View 990 |
| 2011 | $4.3M | $4.0M | $1.5M | $597K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.7M, and assets of $7.8M (revenue -12.9% year-over-year).
- 2022: Revenue of $7.9M, expenses of $7.4M, and assets of $9.3M (revenue -9.7% year-over-year).
- 2021: Revenue of $8.7M, expenses of $6.9M, and assets of $7.8M (revenue +22.1% year-over-year).
- 2020: Revenue of $7.2M, expenses of $7.2M, and assets of $5.6M (revenue -4.7% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.5M, and assets of $5.2M (revenue +7.4% year-over-year).
- 2018: Revenue of $7.0M, expenses of $6.8M, and assets of $4.7M (revenue +8.7% year-over-year).
- 2017: Revenue of $6.4M, expenses of $5.7M, and assets of $3.9M (revenue +24.6% year-over-year).
- 2016: Revenue of $5.2M, expenses of $4.9M, and assets of $1.8M (revenue +9.9% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.8M, and assets of $1.6M (revenue +0.7% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.8M, and assets of $1.7M (revenue +13.9% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.3M, and assets of $1.7M (revenue -10.1% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.2M, and assets of $1.9M (revenue +4.9% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.0M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western New York Maritime Charter School:
Data Sources and Methodology
This transparency report for Western New York Maritime Charter School 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.