Camden Yacht Club
Camden Yacht Club maintains stable finances with growing assets and no reported officer compensation.
EIN: 10039552 · Camden, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $713K |
| Total Expenses | $616K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $654K |
| Transparency Score | 85/100 |
Is Camden Yacht Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Camden Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Camden Yacht Club
Camden Yacht Club (EIN: 10039552) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $713K and total assets of $692K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camden Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Camden Yacht Club is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $706K |
| Total Expenses | $616K |
| Surplus / Deficit | +$91K |
| Total Assets | $670K |
| Total Liabilities | $16K |
| Net Assets | $654K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Camden Yacht Club reported a surplus of $91K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Camden Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | -10.2% | +16.3% |
| 2022 | +28.9% | +19.5% | +1.4% |
| 2021 | +18.4% | +18.0% | +10.3% |
| 2020 | -13.2% | -6.2% | -4.0% |
| 2019 | +7.2% | +6.6% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Camden Yacht Club with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Camden Yacht Club allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are likely volunteers or compensated through non-officer channels, which is highly favorable for an organization of its size with revenues around $700,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Camden Yacht Club:
- Consistent financial surpluses in recent years (e.g., $90,779 surplus in 2023).
- Growing asset base, increasing from $489,255 in 2015 to $669,771 in 2023.
- Extremely low liabilities, consistently under $35,000, indicating strong financial stability.
- 0% reported officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation practices.
- Stable and increasing revenue streams over the past decade.
Frequently Asked Questions about Camden Yacht Club
Is Camden Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Camden Yacht Club (EIN: 10039552) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Camden Yacht Club spend its money?
Camden Yacht Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Camden Yacht Club tax-deductible?
Camden Yacht Club is registered as a tax-exempt nonprofit (EIN: 10039552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Camden Yacht Club CEO make?
Camden Yacht Club's highest-compensated officer earns $700,000. annually. The organization reported $713K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Camden Yacht Club's spending goes to programs?
Camden Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Camden Yacht Club located?
Camden Yacht Club is headquartered in Camden, Maine and files with the IRS under EIN 10039552.
How many years of IRS 990 filings does Camden Yacht Club have?
Camden Yacht Club 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 $713K in total revenue.
Is Camden Yacht Club a good charity?
Based on the available financial data, Camden Yacht Club exhibits strong financial health, consistent revenue, growing assets, and very low liabilities. The consistent 0% officer compensation is a significant positive indicator of efficient resource allocation. While a detailed program expense breakdown is not provided, the overall financial stability suggests good management.
How does Camden Yacht Club manage its expenses?
The organization consistently manages its expenses below its revenue, as seen in the 2023 filing where expenses were $615,638 against revenues of $706,417. This indicates prudent financial management and an ability to operate within its means, often generating a surplus.
What is the trend in Camden Yacht Club's assets?
Camden Yacht Club's assets have shown a consistent upward trend, growing from $489,255 in 2015 to $669,771 in 2023. This indicates effective asset management and accumulation of resources over time.
Filing History
IRS 990 filing history for Camden Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Camden Yacht Club's revenue has grown by 65.5%, moving from $427K to $706K. Total assets increased by 51.2% over the same period, from $443K to $670K. Total functional expenses rose by 58.5%, from $388K to $616K. In its most recent filing year (2023), Camden Yacht Club reported a surplus of $91K, with revenue exceeding expenses. The organization holds $16K in liabilities against $670K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $654K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $706K | $616K | $670K | $16K | — | — |
| 2022 | $713K | $685K | $576K | $13K | — | View 990 |
| 2021 | $553K | $573K | $568K | $32K | — | View 990 |
| 2020 | $468K | $486K | $515K | $4K | — | View 990 |
| 2019 | $539K | $518K | $536K | $6K | — | — |
| 2018 | $503K | $486K | $518K | $9K | — | View 990 |
| 2017 | $496K | $492K | $498K | $5K | — | — |
| 2016 | $474K | $465K | $494K | $6K | — | View 990 |
| 2015 | $455K | $481K | $489K | $10K | — | View 990 |
| 2014 | $438K | $435K | $516K | $11K | — | View 990 |
| 2013 | $438K | $406K | $513K | $11K | — | View 990 |
| 2012 | $424K | $387K | $483K | $13K | — | View 990 |
| 2011 | $427K | $388K | $443K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $706K, expenses of $616K, and assets of $670K (revenue -0.9% year-over-year).
- 2022: Revenue of $713K, expenses of $685K, and assets of $576K (revenue +28.9% year-over-year).
- 2021: Revenue of $553K, expenses of $573K, and assets of $568K (revenue +18.4% year-over-year).
- 2020: Revenue of $468K, expenses of $486K, and assets of $515K (revenue -13.2% year-over-year).
- 2019: Revenue of $539K, expenses of $518K, and assets of $536K (revenue +7.2% year-over-year).
- 2018: Revenue of $503K, expenses of $486K, and assets of $518K (revenue +1.3% year-over-year).
- 2017: Revenue of $496K, expenses of $492K, and assets of $498K (revenue +4.7% year-over-year).
- 2016: Revenue of $474K, expenses of $465K, and assets of $494K (revenue +4.2% year-over-year).
- 2015: Revenue of $455K, expenses of $481K, and assets of $489K (revenue +3.9% year-over-year).
- 2014: Revenue of $438K, expenses of $435K, and assets of $516K (revenue +0.1% year-over-year).
- 2013: Revenue of $438K, expenses of $406K, and assets of $513K (revenue +3.2% year-over-year).
- 2012: Revenue of $424K, expenses of $387K, and assets of $483K (revenue -0.7% year-over-year).
- 2011: Revenue of $427K, expenses of $388K, and assets of $443K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Camden Yacht Club:
Data Sources and Methodology
This transparency report for Camden Yacht Club 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.