Barnegat Bay Yacht Racing Assoc
EIN: 226049570 · Toms River, NJ
Is Barnegat Bay Yacht Racing Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Barnegat Bay Yacht Racing Assoc
Barnegat Bay Yacht Racing Assoc (EIN: 226049570) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $239K and total assets of $465K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnegat Bay Yacht Racing Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Barnegat Bay Yacht Racing Assoc 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 Barnegat Bay Yacht Racing Assoc 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.
Frequently Asked Questions about Barnegat Bay Yacht Racing Assoc
Is Barnegat Bay Yacht Racing Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barnegat Bay Yacht Racing Assoc (EIN: 226049570) insufficient data. 0 red flags identified, 0 strengths noted.
How does Barnegat Bay Yacht Racing Assoc spend its money?
Detailed spending breakdown data is not yet available for Barnegat Bay Yacht Racing Assoc. Check back for updated IRS 990 analysis.
Are donations to Barnegat Bay Yacht Racing Assoc tax-deductible?
Barnegat Bay Yacht Racing Assoc is registered as a tax-exempt nonprofit (EIN: 226049570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Barnegat Bay Yacht Racing Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Barnegat Bay Yacht Racing Assoc's revenue has declined by 72.3%, moving from $586K to $162K. Total assets decreased by 30.6% over the same period, from $592K to $410K. Total functional expenses rose by 11.2%, from $131K to $146K. In its most recent filing year (2023), Barnegat Bay Yacht Racing Assoc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $146K | $410K | $0 | — | View 990 |
| 2022 | $152K | $132K | $387K | $0 | — | View 990 |
| 2021 | $177K | $133K | $374K | $0 | — | View 990 |
| 2020 | $79K | $116K | $330K | $0 | — | View 990 |
| 2019 | $410K | $252K | $368K | $0 | — | View 990 |
| 2018 | $128K | $152K | $209K | $0 | — | View 990 |
| 2017 | $99K | $122K | $233K | $0 | — | View 990 |
| 2016 | $56K | $129K | $256K | $0 | — | View 990 |
| 2015 | $-4,348 | $136K | $328K | $0 | — | View 990 |
| 2014 | $246K | $238K | $468K | $0 | — | View 990 |
| 2013 | $80K | $166K | $464K | $5K | — | View 990 |
| 2012 | $98K | $144K | $546K | $0 | — | View 990 |
| 2011 | $586K | $131K | $592K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $146K, and assets of $410K (revenue +6.8% year-over-year).
- 2022: Revenue of $152K, expenses of $132K, and assets of $387K (revenue -14.1% year-over-year).
- 2021: Revenue of $177K, expenses of $133K, and assets of $374K (revenue +123.8% year-over-year).
- 2020: Revenue of $79K, expenses of $116K, and assets of $330K (revenue -80.8% year-over-year).
- 2019: Revenue of $410K, expenses of $252K, and assets of $368K (revenue +219.5% year-over-year).
- 2018: Revenue of $128K, expenses of $152K, and assets of $209K (revenue +30.1% year-over-year).
- 2017: Revenue of $99K, expenses of $122K, and assets of $233K (revenue +76.1% year-over-year).
- 2016: Revenue of $56K, expenses of $129K, and assets of $256K.
- 2015: Revenue of $-4,348, expenses of $136K, and assets of $328K (revenue -101.8% year-over-year).
- 2014: Revenue of $246K, expenses of $238K, and assets of $468K (revenue +206.6% year-over-year).
- 2013: Revenue of $80K, expenses of $166K, and assets of $464K (revenue -18.0% year-over-year).
- 2012: Revenue of $98K, expenses of $144K, and assets of $546K (revenue -83.3% year-over-year).
- 2011: Revenue of $586K, expenses of $131K, and assets of $592K.
Data Sources and Methodology
This transparency report for Barnegat Bay Yacht Racing Assoc 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.