Quick charity verification for Harraseeket Yacht Club (EIN: 10269721)
Verdict: Harraseeket Yacht Club appears trustworthy
85/100Mission Score
$238KRevenue
$975KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses (e.g., $197,821 revenue vs. $155,709 expenses in 2023).
Zero reported officer compensation across all filings.
Steady growth in assets from $691,472 in 2014 to $974,695 currently.
No reported liabilities in recent years (e.g., $0 from 2017-2023).
Consistent filing of IRS Form 990s for 14 periods, indicating transparency.
Spending Breakdown
How Harraseeket Yacht Club 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 Harraseeket Yacht Club
Is Harraseeket Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Harraseeket Yacht Club (EIN: 10269721) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Harraseeket Yacht Club a good charity to donate to?
Harraseeket Yacht Club has a Mission Score of 85/100. Revenue: $238K. Assets: $975K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harraseeket Yacht Club?
The Employer Identification Number (EIN) for Harraseeket Yacht Club is 10269721. 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 Harraseeket Yacht Club spend its money?
Harraseeket Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harraseeket Yacht Club's tax-exempt status?
You can verify Harraseeket Yacht Club's tax-exempt status using EIN 10269721 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
Harraseeket Yacht Club demonstrates consistent financial stability and growth over the past decade. With latest reported revenue of $237,927 and assets of $974,695, the organization has shown a steady increase in its financial base. The club consistently operates with a surplus, as evidenced by revenues exceeding expenses in most recent filings (e.g., $197,821 revenue vs. $155,709 expenses in 2023). This indicates sound financial management and an ability to build reserves. The absence of liabilities in recent years (e.g., $0 liabilities from 2017-2023) further strengthens its financial health.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that the club is likely run by volunteers or that compensation falls below reporting thresholds, which is a positive indicator for resource allocation. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't explicitly provided in the summary data, the consistent surpluses and lack of reported officer compensation imply that a significant portion of funds is likely directed towards its mission or maintaining its facilities. The consistent growth in assets, from $691,472 in 2014 to $974,695 currently, further supports effective financial stewardship.
Transparency is high regarding executive compensation, with a clear 0% reported for officers. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to public disclosure. However, without a detailed NTEE code or a more granular breakdown of expenses, it's challenging to fully assess the specific programmatic impact and efficiency beyond the general financial health. The consistent growth in assets without incurring liabilities is a strong positive indicator of responsible financial management.