Baltimore Yacht Club Inc
EIN: 520238400 · Essex, MD
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.4M |
| Net Assets | $467K |
Is Baltimore Yacht Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Baltimore Yacht Club Inc
Baltimore Yacht Club Inc (EIN: 520238400) is a nonprofit organization based in Essex, MD. The organization reported total revenue of $2.5M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baltimore Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baltimore Yacht Club Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-30,108 |
| Total Assets | $714K |
| Total Liabilities | $248K |
| Net Assets | $467K |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Baltimore Yacht Club Inc reported a deficit of $30K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Baltimore Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +6.6% | -6.9% |
| 2022 | -16.4% | +0.3% | -11.3% |
| 2021 | +14.2% | -8.3% | +19.4% |
| 2020 | -1.7% | +19.2% | -24.7% |
| 2019 | +9.3% | +11.8% | -16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Baltimore Yacht Club Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Baltimore Yacht Club Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.7%.
Frequently Asked Questions about Baltimore Yacht Club Inc
Is Baltimore Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Baltimore Yacht Club Inc (EIN: 520238400) insufficient data. 0 red flags identified, 0 strengths noted.
How does Baltimore Yacht Club Inc spend its money?
Detailed spending breakdown data is not yet available for Baltimore Yacht Club Inc. Check back for updated IRS 990 analysis.
Are donations to Baltimore Yacht Club Inc tax-deductible?
Baltimore Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 520238400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Baltimore Yacht Club Inc located?
Baltimore Yacht Club Inc is headquartered in Essex, Maryland and files with the IRS under EIN 520238400.
How many years of IRS 990 filings does Baltimore Yacht Club Inc have?
Baltimore Yacht Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
Filing History
IRS 990 filing history for Baltimore Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Baltimore Yacht Club Inc's revenue has grown by 91.3%, moving from $700K to $1.3M. Total assets decreased by 23.8% over the same period, from $937K to $714K. Total functional expenses rose by 93%, from $710K to $1.4M. In its most recent filing year (2023), Baltimore Yacht Club Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $248K in liabilities against $714K in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $467K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $714K | $248K | — | — |
| 2022 | $1.2M | $1.3M | $767K | $270K | — | View 990 |
| 2021 | $1.4M | $1.3M | $864K | $276K | — | View 990 |
| 2020 | $1.3M | $1.4M | $724K | $281K | — | — |
| 2019 | $1.3M | $1.2M | $961K | $372K | — | View 990 |
| 2018 | $1.2M | $1.0M | $1.2M | $255K | — | View 990 |
| 2017 | $1.1M | $1.2M | $1.1M | $283K | — | View 990 |
| 2016 | $1.2M | $1.0M | $1.2M | $272K | — | View 990 |
| 2015 | $1.1M | $1.2M | $1.0M | $292K | — | View 990 |
| 2014 | $1.1M | $894K | $1.1M | $268K | — | View 990 |
| 2013 | $954K | $1.0M | $900K | $213K | — | View 990 |
| 2012 | $777K | $770K | $1.0M | $697K | — | View 990 |
| 2011 | $700K | $710K | $937K | $594K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $714K (revenue +12.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $767K (revenue -16.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $864K (revenue +14.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $724K (revenue -1.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $961K (revenue +9.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $1.2M (revenue +2.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $1.1M (revenue -1.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.2M (revenue +5.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $1.0M (revenue +3.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $894K, and assets of $1.1M (revenue +11.2% year-over-year).
- 2013: Revenue of $954K, expenses of $1.0M, and assets of $900K (revenue +22.8% year-over-year).
- 2012: Revenue of $777K, expenses of $770K, and assets of $1.0M (revenue +10.9% year-over-year).
- 2011: Revenue of $700K, expenses of $710K, and assets of $937K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baltimore Yacht Club Inc:
Data Sources and Methodology
This transparency report for Baltimore Yacht Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.