Quick charity verification for Lake Sunapee Yacht Club (EIN: 20226712)
Verdict: Lake Sunapee Yacht Club appears trustworthy
85/100Mission Score
$1.4MRevenue
$1.4MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 by approximately $98,645, which warrants monitoring to ensure it's not a recurring trend.
Strengths
Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
Steady growth in assets, from $1,133,965 in 2014 to $1,186,140 in 2023, demonstrating financial stability.
Low liabilities relative to assets, indicating strong financial health and solvency.
Positive revenue growth trend over the past few years, with revenue increasing from $509,585 in 2020 to $874,245 in 2023.
Spending Breakdown
How Lake Sunapee 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 Lake Sunapee Yacht Club
Is Lake Sunapee Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Sunapee Yacht Club (EIN: 20226712) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lake Sunapee Yacht Club a good charity to donate to?
Lake Sunapee Yacht Club has a Mission Score of 85/100. Revenue: $1.4M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Sunapee Yacht Club?
The Employer Identification Number (EIN) for Lake Sunapee Yacht Club is 20226712. 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 Lake Sunapee Yacht Club spend its money?
Lake Sunapee Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Sunapee Yacht Club's tax-exempt status?
You can verify Lake Sunapee Yacht Club's tax-exempt status using EIN 20226712 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 Lake Sunapee Yacht Club demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. The organization's assets have shown steady growth, increasing from $1,133,965 in 2014 to $1,186,140 in 2023, indicating sound asset management. While the 2023 filing shows expenses exceeding revenue by approximately $98,645 ($972,890 expenses vs. $874,245 revenue), this appears to be an anomaly in an otherwise stable financial history, with most years showing a surplus or near-balance. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its financial health and transparency.
Given the NTEE code N67Z (Yacht Clubs), the financial operations are consistent with a membership-based recreational organization. The lack of officer compensation suggests a high degree of volunteerism among its leadership, which is commendable for a nonprofit. The organization's liabilities are consistently low relative to its assets, further reinforcing a stable financial position. Overall, the Lake Sunapee Yacht Club appears to be a well-managed entity with a focus on its mission, supported by a stable financial base and transparent compensation practices.