Quick charity verification for Harbor Club Inc (EIN: 10086202)
Verdict: Harbor Club Inc appears trustworthy
88/100Mission Score
$941KRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
NTEE code is unknown, limiting understanding of mission area
Detailed expense breakdown (program, admin, fundraising) not provided in data, hindering full efficiency analysis
Strengths
Consistent financial surpluses year over year
Steady growth in assets over the past decade
Zero reported officer compensation, indicating low administrative overhead at the executive level
Low liabilities relative to assets, suggesting strong financial stability
Spending Breakdown
How Harbor Club Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Harbor Club Inc
Is Harbor Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Club Inc (EIN: 10086202) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Harbor Club Inc a good charity to donate to?
Harbor Club Inc has a Mission Score of 88/100. Revenue: $941K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harbor Club Inc?
The Employer Identification Number (EIN) for Harbor Club Inc is 10086202. 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 Harbor Club Inc spend its money?
Harbor Club Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harbor Club Inc's tax-exempt status?
You can verify Harbor Club Inc's tax-exempt status using EIN 10086202 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
Harbor Club Inc demonstrates consistent financial health with a steady increase in assets over the past decade, growing from $1,612,883 in 2014 to $2,271,475 in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, such as $929,308 in revenue against $921,303 in expenses in 2023. This indicates sound financial management and an ability to build reserves.
Spending efficiency appears strong, particularly given the reported 0% officer compensation across all filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation. This significantly reduces administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent surpluses, while positive for financial stability, also suggest that the organization is not spending all available funds on programs immediately.
Transparency is commendable regarding executive compensation, with zero reported officer compensation. However, the lack of NTEE code and detailed expense breakdowns in the provided data limits a full transparency assessment. Further details on how expenses are categorized beyond total expenses would enhance understanding of their operational focus and resource allocation.