Quick charity verification for Quayside Yacht Club Inc (EIN: 20400660)
Verdict: Quayside Yacht Club Inc appears trustworthy
92/100Mission Score
$93KRevenue
$219KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero liabilities across all filings
Steady growth in assets from $136,001 (2016) to $221,079 (2024)
0% officer compensation, indicating volunteer leadership and low administrative costs
Positive net income in most recent periods, demonstrating financial sustainability (e.g., $16,385 in 2024)
Strong balance sheet with assets significantly exceeding liabilities
Spending Breakdown
How Quayside Yacht Club Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Quayside Yacht Club Inc
Is Quayside Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quayside Yacht Club Inc (EIN: 20400660) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Quayside Yacht Club Inc a good charity to donate to?
Quayside Yacht Club Inc has a Mission Score of 92/100. Revenue: $93K. Assets: $219K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quayside Yacht Club Inc?
The Employer Identification Number (EIN) for Quayside Yacht Club Inc is 20400660. 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 Quayside Yacht Club Inc spend its money?
Quayside Yacht Club Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quayside Yacht Club Inc's tax-exempt status?
You can verify Quayside Yacht Club Inc's tax-exempt status using EIN 20400660 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
Quayside Yacht Club Inc. demonstrates consistent financial health with a steady increase in assets over the past several years, growing from $136,001 in 2016 to $221,079 in 2024. The organization consistently operates with zero liabilities, indicating a very strong balance sheet and fiscal responsibility. Their revenue has fluctuated, with a notable dip in 2020, but has since recovered and shown growth, reaching $84,679 in 2024. The club's spending efficiency appears strong, as evidenced by their consistent positive net income in most recent years (e.g., $84,679 revenue vs. $68,294 expenses in 2024). The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which contributes to lower administrative costs and higher resource allocation to its mission. Overall, the organization exhibits good financial management and transparency.