Cottage Park Yacht Club
EIN: 41212036 · Winthrop, MA
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Net Assets | $1.6M |
Is Cottage Park Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cottage Park Yacht Club
Cottage Park Yacht Club (EIN: 41212036) is a nonprofit organization based in Winthrop, MA. The organization reported total revenue of $1.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cottage Park Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cottage Park Yacht Club is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$230K |
| Total Assets | $2.4M |
| Total Liabilities | $828K |
| Net Assets | $1.6M |
| Operating Margin | 16.3% |
| Debt-to-Asset Ratio | 34.0% |
| Months of Reserves | 24.8 months |
Financial Health Grade: A
In 2023, Cottage Park Yacht Club reported a surplus of $230K with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 34.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cottage Park Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.0% | +35.1% | +41.9% |
| 2022 | -1.3% | +3.8% | +6.5% |
| 2021 | +60.3% | +28.0% | +14.4% |
| 2020 | -26.8% | +0.2% | +0.6% |
| 2019 | +7.0% | -4.8% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cottage Park Yacht Club 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 Cottage Park Yacht Club 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 surplus of $230K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.0%.
Frequently Asked Questions about Cottage Park Yacht Club
Is Cottage Park Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Cottage Park Yacht Club (EIN: 41212036) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cottage Park Yacht Club spend its money?
Detailed spending breakdown data is not yet available for Cottage Park Yacht Club. Check back for updated IRS 990 analysis.
Are donations to Cottage Park Yacht Club tax-deductible?
Cottage Park Yacht Club is registered as a tax-exempt nonprofit (EIN: 41212036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cottage Park Yacht Club located?
Cottage Park Yacht Club is headquartered in Winthrop, Massachusetts and files with the IRS under EIN 41212036.
How many years of IRS 990 filings does Cottage Park Yacht Club have?
Cottage Park 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Cottage Park Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cottage Park Yacht Club's revenue has grown by 108.5%, moving from $676K to $1.4M. Total assets increased by 141.5% over the same period, from $1.0M to $2.4M. Total functional expenses rose by 75.9%, from $671K to $1.2M. In its most recent filing year (2023), Cottage Park Yacht Club reported a surplus of $230K, with revenue exceeding expenses. The organization holds $828K in liabilities against $2.4M in assets (debt-to-asset ratio: 34.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $2.4M | $828K | — | — |
| 2022 | $1.0M | $874K | $1.7M | $338K | — | — |
| 2021 | $1.1M | $841K | $1.6M | $376K | — | View 990 |
| 2020 | $656K | $657K | $1.4M | $422K | — | View 990 |
| 2019 | $896K | $656K | $1.4M | $412K | — | View 990 |
| 2018 | $837K | $689K | $1.2M | $471K | — | View 990 |
| 2017 | $819K | $624K | $0 | $538K | — | — |
| 2016 | $815K | $1.0M | $1.0M | $603K | — | View 990 |
| 2015 | $830K | $1.0M | $1.3M | $679K | — | View 990 |
| 2014 | $712K | $604K | $1.2M | $390K | — | View 990 |
| 2013 | $693K | $577K | $1.1M | $411K | — | View 990 |
| 2012 | $737K | $667K | $1.0M | $453K | — | View 990 |
| 2011 | $676K | $671K | $1.0M | $483K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.2M, and assets of $2.4M (revenue +36.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $874K, and assets of $1.7M (revenue -1.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $841K, and assets of $1.6M (revenue +60.3% year-over-year).
- 2020: Revenue of $656K, expenses of $657K, and assets of $1.4M (revenue -26.8% year-over-year).
- 2019: Revenue of $896K, expenses of $656K, and assets of $1.4M (revenue +7.0% year-over-year).
- 2018: Revenue of $837K, expenses of $689K, and assets of $1.2M (revenue +2.2% year-over-year).
- 2017: Revenue of $819K, expenses of $624K, and assets of $0 (revenue +0.5% year-over-year).
- 2016: Revenue of $815K, expenses of $1.0M, and assets of $1.0M (revenue -1.8% year-over-year).
- 2015: Revenue of $830K, expenses of $1.0M, and assets of $1.3M (revenue +16.5% year-over-year).
- 2014: Revenue of $712K, expenses of $604K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2013: Revenue of $693K, expenses of $577K, and assets of $1.1M (revenue -5.9% year-over-year).
- 2012: Revenue of $737K, expenses of $667K, and assets of $1.0M (revenue +9.0% year-over-year).
- 2011: Revenue of $676K, expenses of $671K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cottage Park Yacht Club:
Data Sources and Methodology
This transparency report for Cottage Park 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.