Quick charity verification for Corinthian Yacht Club Of Cape May (EIN: 216007748)
Verdict: Corinthian Yacht Club Of Cape May appears trustworthy
85/100Mission Score
$1.8MRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
NTEE code is unknown, hindering comparative analysis.
Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
Strengths
Consistent revenue growth, particularly in recent years (e.g., $1,241,330 in 2023).
Healthy asset base relative to liabilities ($1,886,009 assets vs. $331,859 liabilities in 2023).
No reported officer compensation, indicating volunteer leadership and efficient use of funds.
Generally positive net income, with revenues exceeding expenses in most recent periods.
Spending Breakdown
How Corinthian Yacht Club Of Cape May 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 Corinthian Yacht Club Of Cape May
Is Corinthian Yacht Club Of Cape May a legitimate charity?
Based on AI analysis of IRS 990 filings, Corinthian Yacht Club Of Cape May (EIN: 216007748) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Corinthian Yacht Club Of Cape May a good charity to donate to?
Corinthian Yacht Club Of Cape May has a Mission Score of 85/100. Revenue: $1.8M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corinthian Yacht Club Of Cape May?
The Employer Identification Number (EIN) for Corinthian Yacht Club Of Cape May is 216007748. 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 Corinthian Yacht Club Of Cape May spend its money?
Corinthian Yacht Club Of Cape May allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corinthian Yacht Club Of Cape May's tax-exempt status?
You can verify Corinthian Yacht Club Of Cape May's tax-exempt status using EIN 216007748 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 Corinthian Yacht Club Of Cape May demonstrates a consistent financial trajectory, with revenues generally exceeding expenses in recent years, leading to growth in assets. For instance, in 2023, revenue was $1,241,330 against expenses of $913,731, contributing to an increase in assets to $1,886,009. The organization's financial health appears stable, with a healthy asset base relative to its liabilities. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership structure, which is a positive indicator for donor confidence and efficient use of funds.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations. While the absence of officer compensation is a strong point for transparency regarding executive pay, a more granular expense report would enhance the overall transparency assessment.
Overall, the club appears to be well-managed financially, showing growth and maintaining a solid asset position. The lack of reported officer compensation is a significant strength, indicating that resources are not being diverted to high executive salaries. Further transparency in expense allocation would provide a more complete picture of its operational efficiency.