Quick charity verification for Shark River Beach & Yacht Club (EIN: 210715941)
Verdict: Shark River Beach & Yacht Club appears trustworthy
90/100Mission Score
$706KRevenue
$4.5MAssets
2Red Flags
4Strengths
Red Flags
NTEE Code is unknown, making peer comparison difficult
Detailed functional expense breakdown (program, admin, fundraising) not provided in summary data
Strengths
Consistent financial surpluses, with revenues exceeding expenses in most years.
Strong asset growth, increasing from $2.0M in 2014 to $4.3M in 2023.
0% officer compensation reported, indicating volunteer leadership and efficient use of funds.
Healthy financial reserves, with assets significantly exceeding liabilities (e.g., $4.29M assets vs. $0.94M liabilities in 2023).
Spending Breakdown
How Shark River Beach & 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 Shark River Beach & Yacht Club
Is Shark River Beach & Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Shark River Beach & Yacht Club (EIN: 210715941) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Shark River Beach & Yacht Club a good charity to donate to?
Shark River Beach & Yacht Club has a Mission Score of 90/100. Revenue: $706K. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shark River Beach & Yacht Club?
The Employer Identification Number (EIN) for Shark River Beach & Yacht Club is 210715941. 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 Shark River Beach & Yacht Club spend its money?
Shark River Beach & Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shark River Beach & Yacht Club's tax-exempt status?
You can verify Shark River Beach & Yacht Club's tax-exempt status using EIN 210715941 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
Shark River Beach & Yacht Club demonstrates consistent financial stability and growth in assets over the past decade. In the latest filing (202312), the organization reported revenues of $682,553 against expenses of $432,005, indicating a healthy surplus. Its assets have steadily increased from $2,012,354 in 2014 to $4,292,876 in 2023, suggesting effective asset management and financial planning. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust.
The organization's spending efficiency appears strong, with expenses consistently lower than revenues, leading to asset accumulation. For instance, in 2023, expenses were approximately 63% of revenue. The absence of reported officer compensation further enhances its spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending allocation is challenging. The consistent growth in assets and positive net income trends suggest a well-managed financial operation.
Transparency is generally good, with consistent annual filings available. The clear reporting of 0% officer compensation is a significant positive. However, the lack of an NTEE code makes it difficult to benchmark against similar organizations, and without a detailed functional expense breakdown, it's challenging to fully understand how funds are allocated across programs, administration, and fundraising. Despite this, the overall financial health appears robust, with a strong balance sheet and consistent operational surpluses.