Quick charity verification for Centerport Yacht Club Inc (EIN: 111619853)
Verdict: Centerport Yacht Club Inc appears trustworthy
85/100Mission Score
$3.1MRevenue
$3.6MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent positive net income, indicating sound financial management (e.g., $70,645 surplus in 2023).
Steady growth in assets over the past decade (from $3.1M in 2014 to $3.7M in 2023).
No reported officer compensation, suggesting volunteer leadership or highly efficient compensation practices.
Stable liabilities relative to assets, indicating responsible debt management.
Spending Breakdown
How Centerport Yacht 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 Centerport Yacht Club Inc
Is Centerport Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Centerport Yacht Club Inc (EIN: 111619853) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Centerport Yacht Club Inc a good charity to donate to?
Centerport Yacht Club Inc has a Mission Score of 85/100. Revenue: $3.1M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Centerport Yacht Club Inc?
The Employer Identification Number (EIN) for Centerport Yacht Club Inc is 111619853. 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 Centerport Yacht Club Inc spend its money?
Centerport Yacht Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Centerport Yacht Club Inc's tax-exempt status?
You can verify Centerport Yacht Club Inc's tax-exempt status using EIN 111619853 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
Centerport Yacht Club Inc. consistently reports positive net income, indicating sound financial management. For instance, in 2023, revenue was $2,633,938 against expenses of $2,563,293, resulting in a surplus. The organization's assets have shown steady growth over the past decade, from $3,198,474 in 2014 to $3,734,111 in 2023, demonstrating financial stability. Liabilities have remained relatively stable, suggesting responsible debt management. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that officers are uncompensated volunteers, which is a positive sign for a nonprofit.