Quick charity verification for Northport Yacht Club Inc (EIN: 111580388)
Verdict: Northport Yacht Club Inc appears trustworthy
75/100Mission Score
$3.2MRevenue
$2.4MAssets
2Red Flags
4Strengths
Red Flags
NTEE Code is unknown, limiting understanding of specific charitable purpose.
Lack of detailed expense breakdown prevents granular analysis of program vs. administrative spending.
Strengths
Consistent financial stability with revenues generally covering expenses.
Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
Steady growth in assets from $1,419,019 in 2015 to $2,442,969 in 2023.
Liabilities remain a relatively small portion of total assets, indicating good financial management.
Spending Breakdown
How Northport Yacht 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 Northport Yacht Club Inc
Is Northport Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northport Yacht Club Inc (EIN: 111580388) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Northport Yacht Club Inc a good charity to donate to?
Northport Yacht Club Inc has a Mission Score of 75/100. Revenue: $3.2M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northport Yacht Club Inc?
The Employer Identification Number (EIN) for Northport Yacht Club Inc is 111580388. 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 Northport Yacht Club Inc spend its money?
Northport Yacht Club Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northport Yacht Club Inc's tax-exempt status?
You can verify Northport Yacht Club Inc's tax-exempt status using EIN 111580388 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
Northport Yacht Club Inc. demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. In the most recent filing (202312), the organization reported revenues of $3,113,618 against expenses of $3,112,178, indicating a very tight operational margin. While the organization's assets have grown steadily from $1,419,019 in 2015 to $2,442,969 in 2023, this growth appears to be primarily supported by revenue generation rather than significant surpluses.
The organization's financial health appears stable, with liabilities remaining a relatively small portion of total assets. For instance, in 2023, liabilities were $463,825 against assets of $2,442,969. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, contributing to operational efficiency. However, without a detailed breakdown of expenses (e.g., program vs. administrative vs. fundraising), it's challenging to fully assess spending efficiency and program focus. The NTEE code being unknown also limits understanding of its specific charitable purpose.
Given the nature of a yacht club, it's likely that a significant portion of its expenses are related to facility maintenance, events, and member services, which would fall under its operational 'program' activities. The lack of reported officer compensation is a strong indicator of financial prudence and a commitment to directing funds towards the organization's activities. However, the absence of detailed expense categories in the provided data prevents a granular analysis of how efficiently funds are allocated across different functions.