Quick charity verification for Arundel Yacht Club (EIN: 10286963)
Verdict: Arundel Yacht Club appears trustworthy
90/100Mission Score
$239KRevenue
$621KAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
Strengths
Consistent financial surpluses, such as $239,659 revenue vs. $175,820 expenses in 2022.
Zero liabilities reported in multiple recent filings (e.g., 2022, 2018, 2017, 2016, 2015, 2014, 2013).
No officer compensation reported, indicating a volunteer-led organization.
Steady growth in assets over the past decade, from $295,458 in 2013 to $545,080 in 2022.
AI Transparency Report
Arundel Yacht Club demonstrates consistent financial growth and stability over the past decade, with assets increasing from $295,458 in 2013 to $545,080 in 2022. The organization consistently operates with a surplus, as seen in 2022 where revenues of $239,659 exceeded expenses of $175,820. A notable strength is its complete lack of liabilities in most recent filings, indicating strong financial management and a healthy balance sheet. The club's transparency is high, with no reported officer compensation, suggesting a volunteer-driven leadership model, which is common for member-based organizations.