P T Boats Inc is a 501(c)(3) organization based in Germantown, Tennessee, registered in 2021, with $100,224 in FY2025 revenue. CharityIndex grades it C.
Revenue (FY2025)
$100K
▲ 28.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2025)
$119K
Net assets
$1.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for P T Boats Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For P T Boats Inc: 123 mo reserves · -19% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for P T Boats Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For P T Boats Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $149K (FY2019) to $100K (FY2025) across 7 reported years.
Financial snapshot
Operating margin
-18.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$730
Net assets
$1.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $100,224▲28.7% | $118,824▼10.8% | $1,215,165▲14.5% | $1,215,895▲14.4% | 990 |
| 2024 | $77,895▼8.9% | $133,206▲5.8% | $1,061,683▲4.5% | $1,062,737▲4.5% | 990 |
| 2023 | $85,540▼32.6% | $125,947▼4.1% | $1,016,297▼0.7% | $1,017,375▼0.7% | 990 |
| 2022 | $126,942▼18.2% | $131,300▲8.8% | $1,023,347▼11.8% | $1,024,383▼11.7% | 990 |
| 2021 | $155,236▲20.0% | $120,717▼28.0% | $1,159,686▲3.1% | $1,160,764▲3.1% | 990 |
| 2020 | $129,411▼13.2% | $167,571▼19.6% | $1,125,167▲11.5% | $1,126,203▲11.4% | 990 |
| 2019 | $149,008 | $208,404 | $1,009,443 | $1,010,977 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to P T Boats Inc totaling $18K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $6,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $6,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | General support | 2016 | $1,100 |
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Data for P T Boats Inc (EIN 62-6080953) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.