Quick charity verification for Shrewsbury River Yacht Club Inc (EIN: 210651874)
Verdict: Shrewsbury River Yacht Club Inc appears trustworthy
75/100Mission Score
$631KRevenue
$1.4MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $142,920 in 2021 to $640,882 in 2023 without clear explanation.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $412,821 vs. expenses $411,884).
Strong asset growth, nearly doubling from $758,989 in 2014 to $1,457,821 in 2023.
No reported officer compensation across all filings, indicating a volunteer-driven leadership or highly efficient executive structure.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency in reporting.
Spending Breakdown
How Shrewsbury River Yacht Club Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Shrewsbury River Yacht Club Inc
Is Shrewsbury River Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shrewsbury River Yacht Club Inc (EIN: 210651874) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Shrewsbury River Yacht Club Inc a good charity to donate to?
Shrewsbury River Yacht Club Inc has a Mission Score of 75/100. Revenue: $631K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shrewsbury River Yacht Club Inc?
The Employer Identification Number (EIN) for Shrewsbury River Yacht Club Inc is 210651874. 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 Shrewsbury River Yacht Club Inc spend its money?
Shrewsbury River Yacht Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shrewsbury River Yacht Club Inc's tax-exempt status?
You can verify Shrewsbury River Yacht Club Inc's tax-exempt status using EIN 210651874 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 Shrewsbury River Yacht Club Inc. appears to be a financially stable organization, consistently operating with revenues closely matching or slightly exceeding expenses over the past decade. For instance, in 2023, revenue was $412,821 against expenses of $411,884, indicating a break-even operational model. The organization has shown significant asset growth, nearly doubling from $758,989 in 2014 to $1,457,821 in 2023, suggesting sound financial management and potentially reinvestment into its facilities or mission. Liabilities have also increased, particularly in recent years, reaching $640,882 in 2023, which warrants closer examination to understand their nature.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent near-zero net income suggests that most revenue is expended annually, aligning with a non-profit's operational model. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean executive structure, which can be a positive sign for efficiency and donor trust.
Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The lack of officer compensation is a notable transparent aspect. However, without a detailed NTEE code or a clear mission statement beyond its name, it's challenging to fully evaluate its program focus and impact. Further details on how expenses are categorized would enhance the understanding of its spending efficiency and overall transparency.