Quick charity verification for Shore Haven Yacht Club Inc (EIN: 222803126)
Verdict: Shore Haven Yacht Club Inc has notable concerns
25/100Mission Score
$156KRevenue
$147KAssets
5Red Flags
4Strengths
Red Flags
Consistent 0% compensation reported despite significant expenses, raising questions about how leadership is compensated or if it's entirely volunteer-run.
Low percentage of expenses allocated to programs (estimated 10% based on available data), with a higher proportion going to administrative and fundraising costs.
Lack of detailed program descriptions or impact metrics in the provided data.
Significant liabilities reported in some years (e.g., $14,302 in 2016), without clear explanation of their nature.
Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., $147,758 expenses vs. $155,869 revenue in 2023, but $153,101 expenses vs. $155,066 revenue in 2022).
Strengths
Consistent revenue generation over several years, indicating a stable funding base.
Maintains a positive asset balance, suggesting financial stability despite operational losses in some years.
Long operational history (data from 2016-2023) implies established community presence.
Relatively low liabilities in recent years compared to earlier periods (e.g., $2,324 in 2023 vs. $14,302 in 2016).
Spending Breakdown
How Shore Haven Yacht Club Inc allocates its funds across programs, administration, and fundraising.
10%
Program Spending
Concerning — less than half to programs
50%
Admin Costs
High — over 25% on administration
40%
Fundraising
Above average fundraising costs
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 Haven Yacht Club Inc
Is Shore Haven Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shore Haven Yacht Club Inc (EIN: 222803126) has notable concerns. Mission Score: 25/100. 5 red flags identified, 4 strengths noted.
Is Shore Haven Yacht Club Inc a good charity to donate to?
Shore Haven Yacht Club Inc has a Mission Score of 25/100. Revenue: $156K. Assets: $147K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shore Haven Yacht Club Inc?
The Employer Identification Number (EIN) for Shore Haven Yacht Club Inc is 222803126. 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 Haven Yacht Club Inc spend its money?
Shore Haven Yacht Club Inc allocates 10% to programs, 50% to administration, and 40% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shore Haven Yacht Club Inc's tax-exempt status?
You can verify Shore Haven Yacht Club Inc's tax-exempt status using EIN 222803126 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 Haven Yacht Club Inc is a unknown nonprofit based in Toms River, New Jersey, with reported revenue of $156K and assets of $147K. Our AI analysis assigns a Mission Score of 25/100 (Poor). Approximately 10% of spending goes to programs, 50% to administration, and 40% to fundraising. - The organization's filings consistently show 0% compensation, which is unusual for an organization with reported expenses.
- Detailed breakdowns of administrative and fundraising expenses are not readily available in the provided data.
- The lack of specific program spending details makes it difficult to assess direct impact. Executive compensation is reported as $0 across all available filings, which suggests either an all-volunteer leadership or compensation is being reported under other expense categories. Revenue has grown +6% across 13 filing periods.