Quick charity verification for Down East Yacht Club (EIN: 16027054)
Verdict: Down East Yacht Club appears trustworthy
90/100Mission Score
$62KRevenue
$81KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net assets, growing from $50,222 in 2014 to $81,795 in 2023.
Zero liabilities reported across all available filings, indicating strong financial health and no debt burden.
0% officer compensation, demonstrating highly efficient use of funds and volunteer leadership.
Consistent filing of IRS Form 990s over 13 periods, showing good transparency and regulatory compliance.
Expenses closely track revenue, indicating responsible budgeting and operational management.
Spending Breakdown
How Down East Yacht Club allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Down East Yacht Club
Is Down East Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Down East Yacht Club (EIN: 16027054) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Down East Yacht Club a good charity to donate to?
Down East Yacht Club has a Mission Score of 90/100. Revenue: $62K. Assets: $81K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Down East Yacht Club?
The Employer Identification Number (EIN) for Down East Yacht Club is 16027054. 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 Down East Yacht Club spend its money?
Down East Yacht Club allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Down East Yacht Club's tax-exempt status?
You can verify Down East Yacht Club's tax-exempt status using EIN 16027054 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 Down East Yacht Club demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past decade, the organization has maintained positive net assets, growing from $50,222 in 2014 to $81,795 in 2023. Annual revenues have fluctuated but generally remained in the $50,000-$70,000 range, with expenses closely tracking revenue, indicating a lean operational model. The organization consistently reports zero liabilities, which is a strong indicator of financial health and responsible management, minimizing financial risk.
Spending efficiency appears high, as the organization consistently reports no officer compensation, suggesting a volunteer-driven leadership structure. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards its programs and operational costs. While specific program spending details are not provided in the summary data, the absence of executive compensation implies a very efficient use of funds for its stated purpose.
Transparency is strong given the consistent filing of IRS Form 990s over 13 periods, indicating adherence to regulatory requirements. The consistent reporting of zero liabilities and zero officer compensation further enhances transparency by clearly showing how funds are managed and that leadership is not drawing salaries from the organization. This level of financial clarity and stability, combined with volunteer leadership, paints a picture of a well-managed and fiscally prudent organization.