Quick charity verification for Shrewsbury Sailing & Yacht Club (EIN: 210704634)
Verdict: Shrewsbury Sailing & Yacht Club appears trustworthy
75/100Mission Score
$485KRevenue
$1.7MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 ($1,788,000) almost matching total assets ($1,741,224), which could indicate substantial debt or financial obligations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.
Strengths
Consistent revenue generation exceeding expenses over the past decade, indicating financial stability.
Steady growth in assets from $1,316,818 in 2014 to $1,741,224 in 2023.
No reported officer compensation across all filings, suggesting a volunteer-driven leadership or efficient use of funds.
Long filing history (14 filings) demonstrates consistent compliance and transparency in reporting.
Spending Breakdown
How Shrewsbury Sailing & Yacht Club allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Sailing & Yacht Club
Is Shrewsbury Sailing & Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Shrewsbury Sailing & Yacht Club (EIN: 210704634) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Shrewsbury Sailing & Yacht Club a good charity to donate to?
Shrewsbury Sailing & Yacht Club has a Mission Score of 75/100. Revenue: $485K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shrewsbury Sailing & Yacht Club?
The Employer Identification Number (EIN) for Shrewsbury Sailing & Yacht Club is 210704634. 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 Sailing & Yacht Club spend its money?
Shrewsbury Sailing & Yacht Club allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shrewsbury Sailing & Yacht Club's tax-exempt status?
You can verify Shrewsbury Sailing & Yacht Club's tax-exempt status using EIN 210704634 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
Shrewsbury Sailing & Yacht Club demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade. In the most recent filing (202312), the organization reported revenues of $481,602 against expenses of $421,791, indicating a healthy surplus. Assets have shown steady growth, increasing from $1,316,818 in 2014 to $1,741,224 in 2023, suggesting good financial management and asset accumulation. The organization's liabilities have fluctuated but remained relatively low compared to its assets, though the 2023 liabilities of $1,788,000 are notably high relative to assets, which warrants further investigation into the nature of these liabilities.
The club's spending efficiency appears reasonable given its operational nature, though without a detailed breakdown of program vs. administrative expenses, a precise assessment is challenging. The consistent reporting of 0% officer compensation across all filings indicates that the organization is likely volunteer-led or compensates its officers through non-salary means, which can be a positive sign for donor confidence. However, the significant increase in liabilities in 2023 to $1,788,000, almost matching its assets, is a critical point that needs clarification for a full understanding of its financial health and transparency.