Quick charity verification for Kollege Widgwok Yacht Club (EIN: 10217552)
Verdict: Kollege Widgwok Yacht Club appears trustworthy
75/100Mission Score
$555KRevenue
$1.7MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 ($223,337) compared to previous years (e.g., $6,169 in 2021) without clear explanation in provided data.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting full spending efficiency analysis.
Strengths
Consistent revenue growth over the past decade, from $248,327 in 2015 to $475,862 in 2023.
Healthy and growing asset base, increasing from $1,059,916 in 2015 to $1,532,286 in 2023.
No reported officer compensation across all filings, suggesting a highly efficient or volunteer-led leadership structure.
Expenses generally track revenue, indicating sound financial management and sustainability.
Spending Breakdown
How Kollege Widgwok Yacht Club allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Kollege Widgwok Yacht Club
Is Kollege Widgwok Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Kollege Widgwok Yacht Club (EIN: 10217552) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Kollege Widgwok Yacht Club a good charity to donate to?
Kollege Widgwok Yacht Club has a Mission Score of 75/100. Revenue: $555K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kollege Widgwok Yacht Club?
The Employer Identification Number (EIN) for Kollege Widgwok Yacht Club is 10217552. 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 Kollege Widgwok Yacht Club spend its money?
Kollege Widgwok Yacht Club allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kollege Widgwok Yacht Club's tax-exempt status?
You can verify Kollege Widgwok Yacht Club's tax-exempt status using EIN 10217552 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
Kollege Widgwok Yacht Club demonstrates a generally stable financial position with consistent revenue growth over the past decade, increasing from $248,327 in 2015 to $475,862 in 2023. The organization consistently maintains a healthy asset base, which has grown from $1,059,916 in 2015 to $1,532,286 in 2023. Expenses have largely tracked revenue, indicating a balanced operational approach. The organization's liabilities have remained relatively low, though there was a notable increase in 2023 to $223,337, which warrants closer examination to understand its nature. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator of efficiency, though it also means less detail is available regarding leadership costs.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent trend of expenses being close to revenue suggests that the organization is spending what it brings in to support its activities. The lack of reported officer compensation implies that a significant portion of funds is likely directed towards the organization's mission or operational costs rather than high executive salaries. The organization's financial health appears sound, with a growing asset base and generally positive net income in most years, contributing to its sustainability.
Transparency is somewhat limited by the available data, particularly the absence of detailed expense categories beyond total expenses. While the consistent filing of IRS Form 990s is a positive step towards transparency, a more granular breakdown of how funds are allocated would provide greater insight into spending efficiency and program impact. The lack of officer compensation, while potentially efficient, also means less information is available about the governance structure's financial aspects. Overall, the organization appears financially stable, but more detailed expense reporting would enhance its transparency.