Down East Yacht Club
Down East Yacht Club maintains stable finances with volunteer leadership and zero liabilities.
EIN: 16027054 · Boothbay Hbr, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $57K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $80,000, |
| Net Assets | $82K |
| Transparency Score | 90/100 |
Is Down East Yacht Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Down East Yacht Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Down East Yacht Club
Down East Yacht Club (EIN: 16027054) is a nonprofit organization based in Boothbay Hbr, ME. The organization reported total revenue of $62K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Down East Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Down East Yacht Club is a micro nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $57K |
| Surplus / Deficit | +$10K |
| Total Assets | $82K |
| Net Assets | $82K |
| Operating Margin | 14.5% |
| Months of Reserves | 17.4 months |
Financial Health Grade: A
In 2023, Down East Yacht Club reported a surplus of $10K with revenue exceeding expenses, holds 17.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Down East Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.2% | -18.5% | +9.1% |
| 2022 | +31.9% | +28.1% | +9.0% |
| 2021 | +26.6% | +16.4% | +10.3% |
| 2020 | -24.0% | -16.5% | -2.0% |
| 2019 | -6.9% | -4.1% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Down East Yacht Club with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Down East Yacht Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $10K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly efficient for an organization of its size, with annual revenues typically under $80,000, as it directs all funds towards operations and mission-related activities rather than salaries.
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 Down East Yacht Club:
- Consistent positive net assets, growing from $50,222 in 2014 to $81,795 in 2023.
- Zero liabilities reported across all available filings, indicating strong financial health and no debt burden.
- 0% officer compensation, demonstrating highly efficient use of funds and volunteer leadership.
- Consistent filing of IRS Form 990s over 13 periods, showing good transparency and regulatory compliance.
- Expenses closely track revenue, indicating responsible budgeting and operational management.
Frequently Asked Questions about Down East Yacht Club
Is Down East Yacht Club a legitimate charity?
Down East Yacht Club (EIN: 16027054) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $62K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Down East Yacht Club spend its money?
Down East Yacht Club directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Down East Yacht Club tax-deductible?
Down East Yacht Club is registered as a tax-exempt nonprofit (EIN: 16027054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Down East Yacht Club CEO make?
Down East Yacht Club's highest-compensated officer earns $80,000, annually. The organization reported $62K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Down East Yacht Club located?
Down East Yacht Club is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 16027054.
How many years of IRS 990 filings does Down East Yacht Club have?
Down East 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 $62K in total revenue.
Is Down East Yacht Club a good charity?
Based on the available financial data, Down East Yacht Club appears to be a very well-managed organization. It consistently maintains positive net assets, has zero liabilities, and operates with 0% officer compensation, indicating strong financial health and efficient use of funds. Its consistent IRS 990 filings also demonstrate good transparency.
How does Down East Yacht Club manage its finances?
The organization manages its finances prudently, consistently operating within its means. It has grown its assets from $50,222 in 2014 to $81,795 in 2023, while maintaining zero liabilities. Expenses closely track revenue, and the absence of officer compensation suggests a highly cost-effective operational model.
What is the financial trend of Down East Yacht Club?
Down East Yacht Club shows a stable to slightly growing financial trend. Revenues have fluctuated but remained consistent over the past decade, and assets have steadily increased from $50,222 in 2014 to $81,795 in 2023. The organization consistently operates without debt, indicating long-term financial stability.
Filing History
IRS 990 filing history for Down East Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Down East Yacht Club's revenue has grown by 13%, moving from $58K to $66K. Total assets increased by 75.7% over the same period, from $47K to $82K. Total functional expenses fell by 6.1%, from $60K to $57K. In its most recent filing year (2023), Down East Yacht Club reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $57K | $82K | $0 | — | View 990 |
| 2022 | $79K | $69K | $75K | $0 | — | View 990 |
| 2021 | $60K | $54K | $69K | $441 | — | View 990 |
| 2020 | $47K | $47K | $62K | $0 | — | View 990 |
| 2019 | $62K | $56K | $64K | $742 | — | View 990 |
| 2018 | $67K | $58K | $59K | $0 | — | View 990 |
| 2017 | $55K | $55K | $50K | $0 | — | View 990 |
| 2016 | $67K | $67K | $50K | $0 | — | View 990 |
| 2015 | $60K | $59K | $51K | $0 | — | View 990 |
| 2014 | $65K | $64K | $50K | $0 | — | View 990 |
| 2013 | $57K | $55K | $49K | $0 | — | View 990 |
| 2012 | $61K | $60K | $48K | $0 | — | View 990 |
| 2011 | $58K | $60K | $47K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $57K, and assets of $82K (revenue -16.2% year-over-year).
- 2022: Revenue of $79K, expenses of $69K, and assets of $75K (revenue +31.9% year-over-year).
- 2021: Revenue of $60K, expenses of $54K, and assets of $69K (revenue +26.6% year-over-year).
- 2020: Revenue of $47K, expenses of $47K, and assets of $62K (revenue -24.0% year-over-year).
- 2019: Revenue of $62K, expenses of $56K, and assets of $64K (revenue -6.9% year-over-year).
- 2018: Revenue of $67K, expenses of $58K, and assets of $59K (revenue +20.5% year-over-year).
- 2017: Revenue of $55K, expenses of $55K, and assets of $50K (revenue -16.9% year-over-year).
- 2016: Revenue of $67K, expenses of $67K, and assets of $50K (revenue +11.5% year-over-year).
- 2015: Revenue of $60K, expenses of $59K, and assets of $51K (revenue -7.6% year-over-year).
- 2014: Revenue of $65K, expenses of $64K, and assets of $50K (revenue +13.3% year-over-year).
- 2013: Revenue of $57K, expenses of $55K, and assets of $49K (revenue -6.0% year-over-year).
- 2012: Revenue of $61K, expenses of $60K, and assets of $48K (revenue +3.7% year-over-year).
- 2011: Revenue of $58K, expenses of $60K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Down East Yacht Club:
Data Sources and Methodology
This transparency report for Down East 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.