Quick charity verification for Belmar Fishing Club Inc (EIN: 210405040)
Verdict: Belmar Fishing Club Inc appears trustworthy
85/100Mission Score
$3.3MRevenue
$3.9MAssets
1Red Flags
4Strengths
Red Flags
NTEE code is unknown, limiting understanding of specific programmatic focus.
Strengths
Consistent financial surpluses, demonstrating sound financial management (e.g., $1,079,495 revenue vs. $925,573 expenses in 2023).
Zero reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
Healthy and consistent growth in assets over the past decade, from $2,566,348 in 2014 to $3,761,591 in 2023.
Stable revenue streams, consistently around $800,000 - $1,200,000 annually.
Spending Breakdown
How Belmar Fishing Club Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Belmar Fishing Club Inc
Is Belmar Fishing Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmar Fishing Club Inc (EIN: 210405040) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Belmar Fishing Club Inc a good charity to donate to?
Belmar Fishing Club Inc has a Mission Score of 85/100. Revenue: $3.3M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Belmar Fishing Club Inc?
The Employer Identification Number (EIN) for Belmar Fishing Club Inc is 210405040. 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 Belmar Fishing Club Inc spend its money?
Belmar Fishing Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Belmar Fishing Club Inc's tax-exempt status?
You can verify Belmar Fishing Club Inc's tax-exempt status using EIN 210405040 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 Belmar Fishing Club Inc. demonstrates consistent financial stability with a healthy growth in assets over the past decade, from $2,566,348 in 2014 to $3,761,591 in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses each year, such as $1,079,495 in revenue against $925,573 in expenses in 2023. This indicates sound financial management and an ability to build reserves.
Spending efficiency appears reasonable, though without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent surpluses suggest that the organization is not overspending. Transparency is high regarding executive compensation, as the organization consistently reports 0% officer compensation across all available filings, which is a significant positive indicator for a nonprofit. The lack of NTEE code information, however, slightly hinders a complete understanding of its specific programmatic focus within the broader nonprofit sector.