Wood Island Life Saving Station Association
EIN: 453543669 · Kittery Point, ME · NTEE: C30
| Metric | Value |
|---|---|
| Total Revenue | $555K |
| Total Expenses | $835K |
| Net Assets | $-5,469 |
Is Wood Island Life Saving Station Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wood Island Life Saving Station Association
Wood Island Life Saving Station Association (EIN: 453543669) is a nonprofit organization based in Kittery Point, ME, classified under NTEE code C30. The organization reported total revenue of $555K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood Island Life Saving Station Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood Island Life Saving Station Association is a small nonprofit that has been operating for 14 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $764K |
| Total Expenses | $835K |
| Surplus / Deficit | $-71,069 |
| Total Assets | $45K |
| Total Liabilities | $50K |
| Net Assets | $-5,469 |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 112.3% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2023, Wood Island Life Saving Station Association reported a deficit of $71K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 112.3% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Wood Island Life Saving Station Association's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +10.7% | -57.8% |
| 2022 | -24.5% | -10.7% | -15.6% |
| 2021 | +145.9% | +135.6% | +150.7% |
| 2020 | -67.2% | -68.5% | +45.5% |
| 2019 | +12.4% | +14.6% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wood Island Life Saving Station Association 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 Wood Island Life Saving Station Association 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 deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 112.3%.
Frequently Asked Questions about Wood Island Life Saving Station Association
Is Wood Island Life Saving Station Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wood Island Life Saving Station Association (EIN: 453543669) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wood Island Life Saving Station Association spend its money?
Detailed spending breakdown data is not yet available for Wood Island Life Saving Station Association. Check back for updated IRS 990 analysis.
Are donations to Wood Island Life Saving Station Association tax-deductible?
Wood Island Life Saving Station Association is registered as a tax-exempt nonprofit (EIN: 453543669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wood Island Life Saving Station Association located?
Wood Island Life Saving Station Association is headquartered in Kittery Point, Maine and files with the IRS under EIN 453543669. It is classified under NTEE code C30.
How many years of IRS 990 filings does Wood Island Life Saving Station Association have?
Wood Island Life Saving Station Association has 8 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 $555K in total revenue.
Filing History
IRS 990 filing history for Wood Island Life Saving Station Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Wood Island Life Saving Station Association's revenue has grown by 65.6%, moving from $462K to $764K. Total assets decreased by 8.7% over the same period, from $49K to $45K. Total functional expenses rose by 74.7%, from $478K to $835K. In its most recent filing year (2023), Wood Island Life Saving Station Association reported a deficit of $71K, with expenses exceeding revenue. The organization holds $50K in liabilities against $45K in assets (debt-to-asset ratio: 112.3%), resulting in net assets of $-5,469.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $764K | $835K | $45K | $50K | — | — |
| 2022 | $695K | $754K | $106K | $40K | — | View 990 |
| 2021 | $920K | $845K | $125K | $0 | — | — |
| 2020 | $374K | $359K | $50K | $0 | — | View 990 |
| 2019 | $1.1M | $1.1M | $34K | $0 | — | View 990 |
| 2018 | $1.0M | $994K | $31K | $0 | — | View 990 |
| 2017 | $494K | $488K | $9K | $0 | — | View 990 |
| 2016 | $462K | $478K | $49K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $764K, expenses of $835K, and assets of $45K (revenue +9.9% year-over-year).
- 2022: Revenue of $695K, expenses of $754K, and assets of $106K (revenue -24.5% year-over-year).
- 2021: Revenue of $920K, expenses of $845K, and assets of $125K (revenue +145.9% year-over-year).
- 2020: Revenue of $374K, expenses of $359K, and assets of $50K (revenue -67.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $34K (revenue +12.4% year-over-year).
- 2018: Revenue of $1.0M, expenses of $994K, and assets of $31K (revenue +105.6% year-over-year).
- 2017: Revenue of $494K, expenses of $488K, and assets of $9K (revenue +7.1% year-over-year).
- 2016: Revenue of $462K, expenses of $478K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood Island Life Saving Station Association:
Data Sources and Methodology
This transparency report for Wood Island Life Saving Station Association 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.