Is Yacht Club Of Stone Harbor Legit? —…

Spending Breakdown

How Yacht Club Of Stone Harbor allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Yacht Club Of Stone Harbor

Is Yacht Club Of Stone Harbor a legitimate charity?

Based on AI analysis of IRS 990 filings, Yacht Club Of Stone Harbor (EIN: 210598535) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Yacht Club Of Stone Harbor a good charity to donate to?

Yacht Club Of Stone Harbor has a Mission Score of 85/100. Revenue: $4.5M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Yacht Club Of Stone Harbor?

The Employer Identification Number (EIN) for Yacht Club Of Stone Harbor is 210598535. 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 Yacht Club Of Stone Harbor spend its money?

Yacht Club Of Stone Harbor allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Yacht Club Of Stone Harbor's tax-exempt status?

You can verify Yacht Club Of Stone Harbor's tax-exempt status using EIN 210598535 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 Yacht Club Of Stone Harbor demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $1,232,488 in 2014 to $2,301,022 in 2023, with a peak of $2,666,859 in 2021. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to a healthy growth in assets from $1,940,521 in 2014 to $6,276,714 in 2023. This indicates effective financial management and a strong ability to build reserves.

Spending efficiency appears to be reasonable, with expenses generally staying below revenue. For instance, in 2023, expenses were $2,121,144 against revenues of $2,301,022. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for resource allocation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a notable point. To further enhance transparency, a more detailed breakdown of how expenses are categorized (e.g., program services vs. administrative overhead) would be beneficial for external stakeholders to fully understand where funds are being allocated.

Is Yacht Club Of Stone Harbor Legit?

Verdict: Yacht Club Of Stone Harbor appears trustworthy

Red Flags

Strengths