Is Portland Yacht Club Legit?

Strengths

Consistent revenue growth over the past five years, from $1,196,873 in 2020 to $1,346,964 in 2023.
Healthy asset growth, increasing from $1,345,951 in 2020 to $1,613,990 in 2023.
Liabilities remain low and stable, indicating strong financial health and low debt burden.
Positive net income in most recent years, demonstrating operational sustainability (e.g., $82,717 surplus in 2023).

Spending Breakdown

How Portland Yacht Club allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Portland Yacht Club

Is Portland Yacht Club a legitimate charity?

Based on AI analysis of IRS 990 filings, Portland Yacht Club (EIN: 10143485) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Portland Yacht Club a good charity to donate to?

Portland Yacht Club has a Mission Score of 75/100. Revenue: $1.4M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Portland Yacht Club?

The Employer Identification Number (EIN) for Portland Yacht Club is 10143485. 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 Portland Yacht Club spend its money?

Portland Yacht Club allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Portland Yacht Club's tax-exempt status?

You can verify Portland Yacht Club's tax-exempt status using EIN 10143485 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 Portland Yacht Club demonstrates consistent financial activity, with revenues generally exceeding expenses over the past five years, indicating a stable operational model. For instance, in 2023, revenue was $1,346,964 against expenses of $1,264,247, resulting in a surplus. The organization's assets have shown steady growth, increasing from $1,127,139 in 2019 to $1,613,990 in 2023, suggesting good financial management and reinvestment. Liabilities remain relatively low and stable, indicating a healthy balance sheet.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. The NTEE code is unknown, which limits understanding of its specific charitable purpose and how effectively it is achieving its mission. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere.

Overall, the Portland Yacht Club appears to be financially sound with growing assets and controlled liabilities. Its consistent revenue generation and positive net income trends are favorable. Improved transparency regarding expense allocation and a clear NTEE code would further enhance its financial assessment.

Verdict: Portland Yacht Club appears trustworthy

Red Flags