Quick charity verification for Spray Beach Yacht Club (EIN: 210644546)
Verdict: Spray Beach Yacht Club appears trustworthy
85/100Mission Score
$905KRevenue
$4.8MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial reporting over 13 periods demonstrates transparency.
Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
Strong asset base ($4,802,878) significantly exceeding liabilities ($131,335) in the latest period.
Liabilities have consistently decreased over the past decade, improving financial solvency.
Spending Breakdown
How Spray Beach 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 Spray Beach Yacht Club
Is Spray Beach Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Spray Beach Yacht Club (EIN: 210644546) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Spray Beach Yacht Club a good charity to donate to?
Spray Beach Yacht Club has a Mission Score of 85/100. Revenue: $905K. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spray Beach Yacht Club?
The Employer Identification Number (EIN) for Spray Beach Yacht Club is 210644546. 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 Spray Beach Yacht Club spend its money?
Spray Beach Yacht Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spray Beach Yacht Club's tax-exempt status?
You can verify Spray Beach Yacht Club's tax-exempt status using EIN 210644546 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 Spray Beach Yacht Club demonstrates consistent financial activity, with revenues fluctuating between approximately $486,000 and $904,000 over the past decade. The organization maintains a healthy asset base, consistently above $3.7 million, reaching $4.8 million in the latest period, significantly outweighing its liabilities which have generally decreased over time. For instance, liabilities dropped from $477,806 in 2014 to $131,335 in 2023. This indicates good financial management and solvency. The club's expenses have generally tracked its revenues, with some years showing a deficit (e.g., 2023 with $760,989 revenue and $850,477 expenses) and others a surplus (e.g., 2021 with $696,762 revenue and $520,793 expenses).
A notable aspect of the Spray Beach Yacht Club's financial structure is the reported 0% officer compensation across all available filings. This suggests that the organization is likely volunteer-led at the executive level, which can be a strong indicator of efficiency and dedication to its mission, as it minimizes overhead costs associated with leadership salaries. While specific program spending details are not provided in the summary data, the absence of executive compensation points to a potentially high proportion of funds being directed towards operational activities and member services. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and transparency.