Quick charity verification for Patten Point Yacht Club Inc (EIN: 221837285)
Verdict: Patten Point Yacht Club Inc has notable concerns
20/100Mission Score
$437KRevenue
$459KAssets
4Red Flags
1Strengths
Red Flags
Zero reported program service expenses across all available years, despite significant revenue (e.g., $427,443 in 2023).
High administrative expenses relative to total expenses, suggesting operational costs dominate.
The organization's name 'Yacht Club' combined with zero program spending raises questions about its nonprofit purpose.
Consistent reporting of 0% for program service expenses over multiple years (2016-2023) is highly unusual for a nonprofit.
Strengths
Consistent revenue generation over several years, indicating financial stability in terms of income.
AI Transparency Report
Patten Point Yacht Club Inc is a unknown nonprofit based in Long Branch, New Jersey, with reported revenue of $437K and assets of $459K. Our AI analysis assigns a Mission Score of 20/100 (Poor). Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized broadly. Revenue has grown +195% across 13 filing periods.