Quick charity verification for Shore Acres Yacht Club Inc (EIN: 210604231)
Verdict: Shore Acres Yacht Club Inc appears trustworthy
85/100Mission Score
$650KRevenue
$1.0MAssets
2Red Flags
4Strengths
Red Flags
NTEE Code is Unknown, hindering peer comparison
Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
Consistent financial stability with revenues generally exceeding expenses (e.g., 2023 revenue $492,040 vs. expenses $406,697)
0% officer compensation reported across all filings, indicating volunteer leadership
Stable asset base, consistently around $1 million in recent years
Consistent IRS 990 filing history (14 filings), demonstrating transparency
Spending Breakdown
How Shore Acres Yacht Club Inc 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 Shore Acres Yacht Club Inc
Is Shore Acres Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shore Acres Yacht Club Inc (EIN: 210604231) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Shore Acres Yacht Club Inc a good charity to donate to?
Shore Acres Yacht Club Inc has a Mission Score of 85/100. Revenue: $650K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shore Acres Yacht Club Inc?
The Employer Identification Number (EIN) for Shore Acres Yacht Club Inc is 210604231. 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 Shore Acres Yacht Club Inc spend its money?
Shore Acres Yacht Club Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shore Acres Yacht Club Inc's tax-exempt status?
You can verify Shore Acres Yacht Club Inc's tax-exempt status using EIN 210604231 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
Shore Acres Yacht Club Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating a stable operational model. For instance, in 2023, revenue was $492,040 against expenses of $406,697, resulting in a surplus. The organization's assets have remained relatively stable around the $1 million mark in recent filings, suggesting a consistent asset base. Liabilities have fluctuated but appear manageable relative to assets.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. A notable aspect is the reported 0% officer compensation across all provided filings, which suggests that leadership roles are likely volunteer-based or compensated through non-officer channels, contributing to lower administrative overhead. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations.