Is Brigantine Yacht Club Legit?

The Brigantine Yacht Club demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In 2022, the organization reported $191,461 in revenue against $152,817 in expenses, resulting in a surplus. Over the past several years, revenue has shown a general upward trend, from $135,279 in 2020 to $191,461 in 2022, indicating growing financial capacity. The club's assets have also steadily increased, reaching $736,960 in 2022, while liabilities have significantly decreased from $237,656 in 2015 to $41,550 in 2022, reflecting strong financial management and reduced debt burden. Regarding spending efficiency, 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 managing its expenses within its revenue streams. The absence of reported officer compensation across all available filings indicates that leadership is likely volunteer-based, which can contribute to lower administrative overhead. The organization's transparency is good in terms of filing its IRS 990s consistently, but the lack of detailed NTEE code and specific program descriptions limits a deeper understanding of its mission-related spending. Overall, the Brigantine Yacht Club appears to be in sound financial health, characterized by increasing revenues, growing assets, and decreasing liabilities. The lack of officer compensation is a positive indicator of efficient resource allocation. Further transparency regarding specific program activities and a detailed expense breakdown would enhance the assessment of its spending efficiency and mission impact.