Quick charity verification for Shelter Island Yacht Club (EIN: 111323110)
Verdict: Shelter Island Yacht Club appears trustworthy
80/100Mission Score
$5.6MRevenue
$5.0MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed program spending breakdown in summary data
Consistent 0% officer compensation for an organization with multi-million dollar revenues and expenses, which could mask compensation in other categories or indicate an unusual operational structure.
Strengths
Consistent revenue growth over the past decade, from $1.9M in 2014 to $3.3M in 2023.
Strong asset base relative to liabilities, indicating financial stability (e.g., $4.6M assets vs. $176K liabilities in 2023).
Positive net income in most years, demonstrating fiscal responsibility (e.g., $199,680 surplus in 2023).
No reported officer compensation, suggesting efficient use of funds or a volunteer-led model.
Spending Breakdown
How Shelter Island 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 Shelter Island Yacht Club
Is Shelter Island Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Shelter Island Yacht Club (EIN: 111323110) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Shelter Island Yacht Club a good charity to donate to?
Shelter Island Yacht Club has a Mission Score of 80/100. Revenue: $5.6M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shelter Island Yacht Club?
The Employer Identification Number (EIN) for Shelter Island Yacht Club is 111323110. 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 Shelter Island Yacht Club spend its money?
Shelter Island Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shelter Island Yacht Club's tax-exempt status?
You can verify Shelter Island Yacht Club's tax-exempt status using EIN 111323110 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 Shelter Island Yacht Club demonstrates consistent financial stability with a healthy asset base relative to its liabilities. Over the past decade, the organization has shown steady revenue growth, increasing from $1,930,972 in 2014 to $3,389,146 in 2023. Expenses have generally tracked revenue, indicating operational consistency. The organization consistently reports 0% officer compensation, which is a notable aspect of its financial structure, suggesting a volunteer-led or very lean executive management model. While specific program spending details are not provided in the summary data, the overall financial health appears robust, with assets consistently exceeding liabilities by a significant margin, for example, $4,600,631 in assets versus $176,965 in liabilities in 2023. The lack of officer compensation also contributes positively to its transparency profile, as it suggests resources are not being diverted to high executive salaries.