Is High Bar Harbor Yacht Club Condominium Association Inc Legit?
Quick charity verification for High Bar Harbor Yacht Club Condominium Association Inc (EIN: 223002839)
Verdict: High Bar Harbor Yacht Club Condominium Association Inc shows mixed signals
40/100Mission Score
$610KRevenue
$2.4MAssets
3Red Flags
3Strengths
Red Flags
Lack of public Form 990 filings prevents assessment of financial health, program spending, and executive compensation.
The organization's name suggests a private club, which may not align with typical nonprofit transparency expectations.
No information on programs or mission beyond the name, making it difficult to evaluate impact.
Strengths
Consistent revenue generation over several years, with revenues around $500k-$600k annually.
Assets have shown consistent growth, from $1,933,496 in 2016 to $2,443,815 in 2023.
Liabilities have remained relatively stable, indicating sound financial management.
Spending Breakdown
How High Bar Harbor Yacht Club Condominium Association Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 High Bar Harbor Yacht Club Condominium Association Inc
Is High Bar Harbor Yacht Club Condominium Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, High Bar Harbor Yacht Club Condominium Association Inc (EIN: 223002839) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
Is High Bar Harbor Yacht Club Condominium Association Inc a good charity to donate to?
High Bar Harbor Yacht Club Condominium Association Inc has a Mission Score of 40/100. Revenue: $610K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for High Bar Harbor Yacht Club Condominium Association Inc?
The Employer Identification Number (EIN) for High Bar Harbor Yacht Club Condominium Association Inc is 223002839. 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 High Bar Harbor Yacht Club Condominium Association Inc spend its money?
High Bar Harbor Yacht Club Condominium Association Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify High Bar Harbor Yacht Club Condominium Association Inc's tax-exempt status?
You can verify High Bar Harbor Yacht Club Condominium Association Inc's tax-exempt status using EIN 223002839 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
High Bar Harbor Yacht Club Condominium Association Inc is a unknown nonprofit based in Long Bch Twp, New Jersey, with reported revenue of $610K and assets of $2.4M. Our AI analysis assigns a Mission Score of 40/100 (Fair). • The organization's tax filings (Form 990) are not publicly available, making it impossible to assess program spending, administrative costs, or fundraising efficiency.
• The provided data lacks details on specific programs or activities, making it difficult to understand the organization's mission fulfillment.
• No information is available regarding board composition, meeting frequency, or conflict of interest policies. Without access to Form 990 filings, it is impossible to assess executive compensation. Revenue has grown +11% across 13 filing periods.