Is Port Washington Yacht Club Inc Legit?

Port Washington Yacht Club Inc. demonstrates consistent financial growth over the past decade, with revenue increasing from $4,353,156 in 2013 to $6,348,026 in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most reported periods, such as $6,348,026 in revenue against $6,035,546 in expenses in 2023. This indicates sound financial management and an ability to cover operational costs. The organization's asset base has also shown steady appreciation, growing from $7,312,301 in 2013 to $9,378,353 in 2023, suggesting prudent asset management and reinvestment. Liabilities have remained relatively stable in proportion to assets, indicating a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very low-paid executive structure, which can be a positive indicator for donor confidence regarding administrative efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations. While financial health appears robust, greater transparency in expense allocation would enhance the overall assessment of its charitable impact.