Whitemarsh Boat Club
Whitemarsh Boat Club shows strong financial growth and efficient operations with volunteer leadership.
EIN: 203419468 · Conshohocken, PA · NTEE: B990 · Updated: 2026-03-28
Is Whitemarsh Boat Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whitemarsh Boat Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whitemarsh Boat Club
Whitemarsh Boat Club (EIN: 203419468) is a nonprofit organization based in Conshohocken, PA, classified under NTEE code B990. The organization reported total revenue of $717K and total assets of $912K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitemarsh Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitemarsh Boat Club is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $818K |
| Total Expenses | $601K |
| Surplus / Deficit | +$217K |
| Total Assets | $900K |
| Total Liabilities | $7K |
| Net Assets | $893K |
| Operating Margin | 26.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, Whitemarsh Boat Club reported a surplus of $217K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Whitemarsh Boat Club's revenue has grown at a compound annual growth rate (CAGR) of 21.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | +27.3% | +15.5% |
| 2022 | +43.3% | +63.8% | +39.5% |
| 2021 | +95.5% | +10.7% | +32.7% |
| 2020 | -23.5% | -19.7% | +4.4% |
| 2019 | -21.3% | +9.3% | -1.5% |
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 Whitemarsh Boat Club with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Whitemarsh Boat Club allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $217K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is led by volunteers, which significantly reduces administrative costs and maximizes resources for program delivery.
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.
Strengths
The following positive indicators were identified for Whitemarsh Boat Club:
- Consistent revenue growth, increasing from $272,521 in 2020 to $818,419 in 2023.
- Strong asset accumulation, growing from $420,912 in 2020 to $899,812 in 2023.
- No reported officer compensation across all filings, indicating volunteer leadership and high efficiency.
- Consistent operating surplus, with revenue significantly exceeding expenses in recent years (e.g., $217,283 surplus in 2023).
- Low liabilities relative to assets, suggesting prudent financial management (e.g., $6,839 liabilities vs. $899,812 assets in 2023).
Frequently Asked Questions about Whitemarsh Boat Club
Is Whitemarsh Boat Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Whitemarsh Boat Club (EIN: 203419468) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Whitemarsh Boat Club spend its money?
Whitemarsh Boat Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Whitemarsh Boat Club tax-deductible?
Whitemarsh Boat Club is registered as a tax-exempt nonprofit (EIN: 203419468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Whitemarsh Boat Club a good charity?
Based on its financial data, Whitemarsh Boat Club appears to be a very good charity. It demonstrates strong financial health, consistent revenue and asset growth, and highly efficient spending with no reported officer compensation.
How has Whitemarsh Boat Club's financial health changed over time?
Whitemarsh Boat Club has shown significant financial improvement and growth, particularly from 2020 to 2023. Revenue increased from $272,521 in 2020 to $818,419 in 2023, and assets grew from $420,912 to $899,812 in the same period, indicating robust financial health and expansion.
What is Whitemarsh Boat Club's spending efficiency?
The organization exhibits excellent spending efficiency. With no reported officer compensation and a consistent surplus of revenue over expenses (e.g., $818,419 revenue vs. $601,136 expenses in 2023), a very high percentage of funds are likely directed towards program services and asset building.
Filing History
IRS 990 filing history for Whitemarsh Boat Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Whitemarsh Boat Club's revenue has grown by 927.3%, moving from $80K to $818K. Total assets increased by 420% over the same period, from $173K to $900K. Total functional expenses rose by 463.5%, from $107K to $601K. In its most recent filing year (2023), Whitemarsh Boat Club reported a surplus of $217K, with revenue exceeding expenses. The organization holds $7K in liabilities against $900K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $893K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $818K | $601K | $900K | $7K | — | — |
| 2022 | $764K | $472K | $779K | $6K | — | View 990 |
| 2021 | $533K | $288K | $559K | $2K | — | View 990 |
| 2020 | $273K | $260K | $421K | $26K | — | View 990 |
| 2019 | $356K | $324K | $403K | $21K | — | View 990 |
| 2018 | $453K | $297K | $409K | $59K | — | View 990 |
| 2017 | $300K | $299K | $252K | $57K | — | — |
| 2016 | $300K | $275K | $246K | $53K | — | View 990 |
| 2015 | $248K | $229K | $192K | $23K | — | View 990 |
| 2014 | $198K | $209K | $197K | $47K | — | View 990 |
| 2013 | $141K | $145K | $160K | $0 | — | View 990 |
| 2012 | $98K | $108K | $166K | $3K | — | View 990 |
| 2011 | $80K | $107K | $173K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $818K, expenses of $601K, and assets of $900K (revenue +7.2% year-over-year).
- 2022: Revenue of $764K, expenses of $472K, and assets of $779K (revenue +43.3% year-over-year).
- 2021: Revenue of $533K, expenses of $288K, and assets of $559K (revenue +95.5% year-over-year).
- 2020: Revenue of $273K, expenses of $260K, and assets of $421K (revenue -23.5% year-over-year).
- 2019: Revenue of $356K, expenses of $324K, and assets of $403K (revenue -21.3% year-over-year).
- 2018: Revenue of $453K, expenses of $297K, and assets of $409K (revenue +51.0% year-over-year).
- 2017: Revenue of $300K, expenses of $299K, and assets of $252K (revenue +-0.0% year-over-year).
- 2016: Revenue of $300K, expenses of $275K, and assets of $246K (revenue +21.0% year-over-year).
- 2015: Revenue of $248K, expenses of $229K, and assets of $192K (revenue +24.8% year-over-year).
- 2014: Revenue of $198K, expenses of $209K, and assets of $197K (revenue +40.3% year-over-year).
- 2013: Revenue of $141K, expenses of $145K, and assets of $160K (revenue +44.3% year-over-year).
- 2012: Revenue of $98K, expenses of $108K, and assets of $166K (revenue +23.0% year-over-year).
- 2011: Revenue of $80K, expenses of $107K, and assets of $173K.
Data Sources and Methodology
This transparency report for Whitemarsh Boat Club 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.