Quick charity verification for Deer Isle Yacht Club (EIN: 16002829)
Verdict: Deer Isle Yacht Club appears trustworthy
85/100Mission Score
$97KRevenue
$930KAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $0 in 2020 to $268,500 in 2023 without clear explanation in summary data.
Strengths
Consistent revenue growth, increasing from $59,837 in 2014 to $91,753 in 2023.
Strong asset growth, nearly doubling from $484,949 in 2014 to $918,459 in 2023.
0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
Consistent operating surplus, with revenues generally exceeding expenses (e.g., $91,753 revenue vs. $69,798 expenses in 2023).
Spending Breakdown
How Deer Isle Yacht Club 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 Deer Isle Yacht Club
Is Deer Isle Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Deer Isle Yacht Club (EIN: 16002829) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Deer Isle Yacht Club a good charity to donate to?
Deer Isle Yacht Club has a Mission Score of 85/100. Revenue: $97K. Assets: $930K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Deer Isle Yacht Club?
The Employer Identification Number (EIN) for Deer Isle Yacht Club is 16002829. 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 Deer Isle Yacht Club spend its money?
Deer Isle Yacht Club allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Deer Isle Yacht Club's tax-exempt status?
You can verify Deer Isle Yacht Club's tax-exempt status using EIN 16002829 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 Deer Isle Yacht Club demonstrates consistent financial stability with growing assets and revenues over the past decade. In 2023, the organization reported revenues of $91,753 against expenses of $69,798, indicating a healthy surplus. Its assets have steadily increased, reaching $918,459 in 2023 from $484,949 in 2014, suggesting effective asset management and potentially significant capital investments or endowments. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust.
While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a significant portion of expenses likely goes towards operational costs and direct activities. The organization's liabilities have fluctuated, with a notable increase to $268,500 in 2023, which warrants further investigation to understand its nature (e.g., mortgages, loans for capital improvements). Overall, the Deer Isle Yacht Club appears to be a financially sound organization with a strong commitment to volunteer leadership and asset growth.
Given the available data, the organization appears to be well-managed financially, consistently operating with a surplus and growing its asset base. The lack of officer compensation is a significant positive for spending efficiency. To fully assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary, but the overall financial health appears robust.