Quick charity verification for Bay Head Yacht Club Welfare Fund (EIN: 216015512)
Verdict: Bay Head Yacht Club Welfare Fund appears trustworthy
85/100Mission Score
$1.1MRevenue
$4.7MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, from $2,320,155 in 2015 to $3,593,855 in 2023.
0% officer compensation reported across all filings, indicating volunteer leadership.
Generally positive net revenue, contributing to financial stability.
Low liabilities relative to assets, suggesting sound financial management.
Spending Breakdown
How Bay Head Yacht Club Welfare Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bay Head Yacht Club Welfare Fund
Is Bay Head Yacht Club Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay Head Yacht Club Welfare Fund (EIN: 216015512) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Bay Head Yacht Club Welfare Fund a good charity to donate to?
Bay Head Yacht Club Welfare Fund has a Mission Score of 85/100. Revenue: $1.1M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bay Head Yacht Club Welfare Fund?
The Employer Identification Number (EIN) for Bay Head Yacht Club Welfare Fund is 216015512. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bay Head Yacht Club Welfare Fund spend its money?
Bay Head Yacht Club Welfare Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bay Head Yacht Club Welfare Fund's tax-exempt status?
You can verify Bay Head Yacht Club Welfare Fund's tax-exempt status using EIN 216015512 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bay Head Yacht Club Welfare Fund demonstrates consistent financial health with growing assets and generally positive net revenue across its filing history. For example, in 2023, the organization reported $277,337 in revenue against $226,830 in expenses, contributing to an increase in assets to $3,593,855. The organization's liabilities have remained relatively low, indicating sound financial management. A notable strength is the consistent reporting of 0% officer compensation, which suggests a volunteer-driven leadership and efficient use of funds, enhancing its transparency and public trust.
While specific program spending details are not provided in the summary data, the overall financial trends suggest a stable and well-managed entity. The organization's assets have steadily increased from $2,320,155 in 2015 to $3,593,855 in 2023, indicating effective asset growth and retention. The absence of officer compensation is a significant positive indicator for spending efficiency, as it means more of the organization's revenue is available for its stated welfare fund activities rather than administrative overhead related to executive salaries. This commitment to volunteer leadership is a strong point for its financial health and transparency.