Fishing Bay Yacht Club Inc
EIN: 540514093 · Bon Air, VA
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $801K |
| Net Assets | $3.8M |
Is Fishing Bay Yacht Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fishing Bay Yacht Club Inc
Fishing Bay Yacht Club Inc (EIN: 540514093) is a nonprofit organization based in Bon Air, VA. The organization reported total revenue of $1.0M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fishing Bay Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fishing Bay Yacht Club Inc is a mid-size nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $900K |
| Total Expenses | $801K |
| Surplus / Deficit | +$99K |
| Total Assets | $4.1M |
| Total Liabilities | $345K |
| Net Assets | $3.8M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 61.4 months |
Financial Health Grade: A
In 2023, Fishing Bay Yacht Club Inc reported a surplus of $99K with revenue exceeding expenses, holds 61.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fishing Bay Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | -16.9% | +1.3% |
| 2022 | +23.7% | +4.6% | +3.7% |
| 2021 | +6.1% | +65.0% | -2.8% |
| 2020 | -13.9% | -4.1% | +0.5% |
| 2019 | -5.0% | -41.2% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fishing Bay Yacht Club Inc 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 Fishing Bay Yacht Club Inc 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 $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.4%.
Frequently Asked Questions about Fishing Bay Yacht Club Inc
Is Fishing Bay Yacht Club Inc a legitimate charity?
Fishing Bay Yacht Club Inc (EIN: 540514093) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: A.
How does Fishing Bay Yacht Club Inc spend its money?
Fishing Bay Yacht Club Inc reported $1.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fishing Bay Yacht Club Inc tax-deductible?
Fishing Bay Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 540514093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fishing Bay Yacht Club Inc located?
Fishing Bay Yacht Club Inc is headquartered in Bon Air, Virginia and files with the IRS under EIN 540514093.
How many years of IRS 990 filings does Fishing Bay Yacht Club Inc have?
Fishing Bay Yacht Club Inc 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Fishing Bay Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fishing Bay Yacht Club Inc's revenue has grown by 73.4%, moving from $519K to $900K. Total assets increased by 14.8% over the same period, from $3.6M to $4.1M. Total functional expenses rose by 95.6%, from $409K to $801K. In its most recent filing year (2023), Fishing Bay Yacht Club Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $345K in liabilities against $4.1M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $900K | $801K | $4.1M | $345K | — | — |
| 2022 | $855K | $964K | $4.0M | $390K | — | — |
| 2021 | $691K | $922K | $3.9M | $135K | — | — |
| 2020 | $652K | $558K | $4.0M | $18K | — | — |
| 2019 | $757K | $582K | $4.0M | $89K | — | — |
| 2018 | $797K | $991K | $3.9M | $163K | — | View 990 |
| 2017 | $735K | $628K | $3.9M | $10K | — | View 990 |
| 2016 | $621K | $539K | $3.8M | $10K | — | View 990 |
| 2015 | $609K | $555K | $3.7M | $10K | — | View 990 |
| 2014 | $544K | $528K | $3.7M | $10K | — | View 990 |
| 2013 | $530K | $468K | $3.7M | $10K | — | View 990 |
| 2012 | $529K | $490K | $3.6M | $10K | — | View 990 |
| 2011 | $519K | $409K | $3.6M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $900K, expenses of $801K, and assets of $4.1M (revenue +5.3% year-over-year).
- 2022: Revenue of $855K, expenses of $964K, and assets of $4.0M (revenue +23.7% year-over-year).
- 2021: Revenue of $691K, expenses of $922K, and assets of $3.9M (revenue +6.1% year-over-year).
- 2020: Revenue of $652K, expenses of $558K, and assets of $4.0M (revenue -13.9% year-over-year).
- 2019: Revenue of $757K, expenses of $582K, and assets of $4.0M (revenue -5.0% year-over-year).
- 2018: Revenue of $797K, expenses of $991K, and assets of $3.9M (revenue +8.4% year-over-year).
- 2017: Revenue of $735K, expenses of $628K, and assets of $3.9M (revenue +18.4% year-over-year).
- 2016: Revenue of $621K, expenses of $539K, and assets of $3.8M (revenue +1.9% year-over-year).
- 2015: Revenue of $609K, expenses of $555K, and assets of $3.7M (revenue +12.1% year-over-year).
- 2014: Revenue of $544K, expenses of $528K, and assets of $3.7M (revenue +2.5% year-over-year).
- 2013: Revenue of $530K, expenses of $468K, and assets of $3.7M (revenue +0.3% year-over-year).
- 2012: Revenue of $529K, expenses of $490K, and assets of $3.6M (revenue +2.0% year-over-year).
- 2011: Revenue of $519K, expenses of $409K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fishing Bay Yacht Club Inc:
Data Sources and Methodology
This transparency report for Fishing Bay Yacht Club Inc 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.