Quick charity verification for Prouts Neck Yacht Club (EIN: 10145138)
Verdict: Prouts Neck Yacht Club appears trustworthy
90/100Mission Score
$568KRevenue
$359KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial stability with revenues generally matching expenses.
Zero liabilities reported across all 13 filings, indicating strong financial health and low risk.
No officer compensation reported, suggesting a volunteer-driven or highly efficient leadership structure.
Significant growth in assets from $206,629 in 2014 to $402,981 in 2023, enhancing long-term capacity.
Transparent with 13 years of consistent IRS 990 filings.
Spending Breakdown
How Prouts Neck 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 Prouts Neck Yacht Club
Is Prouts Neck Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Prouts Neck Yacht Club (EIN: 10145138) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Prouts Neck Yacht Club a good charity to donate to?
Prouts Neck Yacht Club has a Mission Score of 90/100. Revenue: $568K. Assets: $359K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Prouts Neck Yacht Club?
The Employer Identification Number (EIN) for Prouts Neck Yacht Club is 10145138. 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 Prouts Neck Yacht Club spend its money?
Prouts Neck Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Prouts Neck Yacht Club's tax-exempt status?
You can verify Prouts Neck Yacht Club's tax-exempt status using EIN 10145138 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
Prouts Neck Yacht Club demonstrates consistent financial activity, with revenues and expenses generally balanced over the past decade. In the latest filing (202312), the organization reported revenues of $517,185 against expenses of $517,504, indicating a near break-even operation. Assets have shown growth, increasing from $206,629 in 2014 to $402,981 in 2023, suggesting sound financial management and accumulation of resources. The consistent reporting of zero liabilities across all filings is a significant positive indicator of financial stability and low risk.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation, which implies a volunteer-led or very lean administrative structure. This contributes to a higher proportion of funds likely being directed towards its programs and operational costs. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation suggests a focus on mission-related activities.
Transparency is high, with 13 filings available, demonstrating a consistent commitment to public disclosure. The clear financial trends and lack of significant debt or executive compensation issues contribute to a positive assessment of its financial health and operational integrity. The organization appears to be well-managed and fiscally responsible, maintaining a stable financial position over time.