Is Devon Yacht Club Inc Legit?

Spending Breakdown

How Devon Yacht Club Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Devon Yacht Club Inc

Is Devon Yacht Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Devon Yacht Club Inc (EIN: 110678790) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.

Is Devon Yacht Club Inc a good charity to donate to?

Devon Yacht Club Inc has a Mission Score of 65/100. Revenue: $5.7M. Assets: $13.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Devon Yacht Club Inc?

The Employer Identification Number (EIN) for Devon Yacht Club Inc is 110678790. 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 Devon Yacht Club Inc spend its money?

Devon Yacht Club Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Devon Yacht Club Inc's tax-exempt status?

You can verify Devon Yacht Club Inc's tax-exempt status using EIN 110678790 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

Devon Yacht Club Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, leading to a steady growth in assets. For instance, in 2023, revenues were $4,480,952 against expenses of $3,930,928, contributing to an asset base of $11,714,347. The organization's liabilities have remained relatively low compared to its assets, indicating a healthy balance sheet. However, a notable anomaly occurred in 202112, where reported revenue was only $119,571 against expenses of $588,127, which significantly deviates from its typical financial performance and warrants further investigation to understand the nature of this reporting period. 

The organization's spending efficiency appears reasonable given the consistent surplus of revenue over expenses in most years. The absence of reported officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through other means not captured in the 'Officer Comp' field, which could be a positive indicator of efficiency if true. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency and program focus is challenging. 

In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive sign. However, the NTEE code being 'Unknown' and the lack of detailed functional expense breakdowns in the provided data limit the ability to fully assess its programmatic impact and operational transparency. The significant fluctuation in revenue for the 202112 period also raises questions that would require reviewing the full 990 form for that period to understand.

Verdict: Devon Yacht Club Inc shows mixed signals

Red Flags

Strengths