Edisto Island Yacht Club
EIN: 570842652 · Edisto Island, SC · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $910K |
| Total Expenses | $304K |
| Net Assets | $1.5M |
Is Edisto Island 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 Edisto Island Yacht Club
Edisto Island Yacht Club (EIN: 570842652) is a nonprofit organization based in Edisto Island, SC, classified under NTEE code P50. The organization reported total revenue of $910K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edisto Island Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edisto Island Yacht Club is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $384K |
| Total Expenses | $304K |
| Surplus / Deficit | +$80K |
| Total Assets | $1.5M |
| Total Liabilities | $9K |
| Net Assets | $1.5M |
| Operating Margin | 20.8% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 60.3 months |
Financial Health Grade: A
In 2023, Edisto Island Yacht Club reported a surplus of $80K with revenue exceeding expenses, holds 60.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Edisto Island Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +2.8% | +6.7% |
| 2022 | +18.6% | +23.1% | +2.2% |
| 2021 | -6.2% | -8.7% | -3.9% |
| 2020 | +3.8% | -14.9% | +0.2% |
| 2019 | +1.9% | -4.7% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Edisto Island 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 Edisto Island 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 $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Edisto Island Yacht Club
Is Edisto Island Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Edisto Island Yacht Club (EIN: 570842652) insufficient data. 0 red flags identified, 0 strengths noted.
How does Edisto Island Yacht Club spend its money?
Detailed spending breakdown data is not yet available for Edisto Island Yacht Club. Check back for updated IRS 990 analysis.
Are donations to Edisto Island Yacht Club tax-deductible?
Edisto Island Yacht Club is registered as a tax-exempt nonprofit (EIN: 570842652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edisto Island Yacht Club located?
Edisto Island Yacht Club is headquartered in Edisto Island, South Carolina and files with the IRS under EIN 570842652. It is classified under NTEE code P50.
How many years of IRS 990 filings does Edisto Island Yacht Club have?
Edisto Island 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 $910K in total revenue.
Filing History
IRS 990 filing history for Edisto Island Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Edisto Island Yacht Club's revenue has grown by 75.6%, moving from $219K to $384K. Total assets increased by 15.4% over the same period, from $1.3M to $1.5M. Total functional expenses rose by 99.1%, from $153K to $304K. In its most recent filing year (2023), Edisto Island Yacht Club reported a surplus of $80K, with revenue exceeding expenses. The organization holds $9K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $384K | $304K | $1.5M | $9K | — | — |
| 2022 | $346K | $296K | $1.4M | $8K | — | View 990 |
| 2021 | $292K | $240K | $1.4M | $33K | — | View 990 |
| 2020 | $311K | $263K | $1.5M | $120K | — | — |
| 2019 | $300K | $309K | $1.5M | $173K | — | View 990 |
| 2018 | $294K | $325K | $1.4M | $81K | — | View 990 |
| 2017 | $283K | $277K | $1.4M | $36K | — | View 990 |
| 2016 | $222K | $242K | $1.4M | $121K | — | View 990 |
| 2015 | $254K | $229K | $1.4M | $39K | — | View 990 |
| 2014 | $221K | $194K | $1.4M | $4K | — | View 990 |
| 2013 | $228K | $169K | $1.4M | $4K | — | View 990 |
| 2012 | $212K | $164K | $1.4M | $60K | — | View 990 |
| 2011 | $219K | $153K | $1.3M | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $384K, expenses of $304K, and assets of $1.5M (revenue +10.8% year-over-year).
- 2022: Revenue of $346K, expenses of $296K, and assets of $1.4M (revenue +18.6% year-over-year).
- 2021: Revenue of $292K, expenses of $240K, and assets of $1.4M (revenue -6.2% year-over-year).
- 2020: Revenue of $311K, expenses of $263K, and assets of $1.5M (revenue +3.8% year-over-year).
- 2019: Revenue of $300K, expenses of $309K, and assets of $1.5M (revenue +1.9% year-over-year).
- 2018: Revenue of $294K, expenses of $325K, and assets of $1.4M (revenue +3.9% year-over-year).
- 2017: Revenue of $283K, expenses of $277K, and assets of $1.4M (revenue +27.9% year-over-year).
- 2016: Revenue of $222K, expenses of $242K, and assets of $1.4M (revenue -12.9% year-over-year).
- 2015: Revenue of $254K, expenses of $229K, and assets of $1.4M (revenue +15.1% year-over-year).
- 2014: Revenue of $221K, expenses of $194K, and assets of $1.4M (revenue -3.2% year-over-year).
- 2013: Revenue of $228K, expenses of $169K, and assets of $1.4M (revenue +7.7% year-over-year).
- 2012: Revenue of $212K, expenses of $164K, and assets of $1.4M (revenue -3.0% year-over-year).
- 2011: Revenue of $219K, expenses of $153K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edisto Island Yacht Club:
Data Sources and Methodology
This transparency report for Edisto Island 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.