Glendale Yacht Club Inc
Small Yacht Club with Consistent Revenue and Asset Base
EIN: 222736052 · Gilford, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $79K |
| Program Spending | 70% |
| Net Assets | $134K |
| Transparency Score | 65/100 |
Is Glendale Yacht Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glendale Yacht Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Glendale Yacht Club Inc
Glendale Yacht Club Inc (EIN: 222736052) is a nonprofit organization based in Gilford, NH. The organization reported total revenue of $72K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glendale Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glendale Yacht Club Inc is a micro nonprofit that has been operating for 39 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 | $72K |
| Total Expenses | $79K |
| Surplus / Deficit | $-7,513 |
| Total Assets | $134K |
| Net Assets | $134K |
| Operating Margin | -10.5% |
| Months of Reserves | 20.3 months |
Financial Health Grade: B
In 2023, Glendale Yacht Club Inc reported a deficit of $8K with expenses exceeding revenue, holds 20.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Glendale Yacht Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.7% | -11.6% | -5.3% |
| 2022 | +38.9% | +19.2% | +1.4% |
| 2021 | -0.1% | -4.2% | -3.6% |
| 2020 | -39.7% | -23.9% | -8.0% |
| 2019 | +70.5% | +25.6% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Glendale Yacht Club Inc with a Mission Score of 65 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Glendale Yacht Club Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data.
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.
Red Flags
The following concerns were identified during AI analysis of Glendale Yacht Club Inc's IRS 990 filings:
- Lack of detailed program spending breakdown beyond general expenses.
- No information on specific executive or key employee compensation.
- Purpose and activities are not clearly detailed beyond the name 'Yacht Club'.
Strengths
The following positive indicators were identified for Glendale Yacht Club Inc:
- Consistent revenue generation over several years.
- Stable asset base, indicating financial resilience.
- Regular and timely financial filings.
Frequently Asked Questions about Glendale Yacht Club Inc
Is Glendale Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glendale Yacht Club Inc (EIN: 222736052) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Glendale Yacht Club Inc spend its money?
Glendale Yacht Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glendale Yacht Club Inc tax-deductible?
Glendale Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 222736052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glendale Yacht Club Inc's spending goes to programs?
Glendale Yacht Club Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Glendale Yacht Club Inc located?
Glendale Yacht Club Inc is headquartered in Gilford, New Hampshire and files with the IRS under EIN 222736052.
How many years of IRS 990 filings does Glendale Yacht Club Inc have?
Glendale 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 $72K in total revenue.
What does Glendale Yacht Club Inc do?
Glendale Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Gilford, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Glendale Yacht Club Inc have?
Glendale Yacht Club Inc reported total revenue of $71,615. Based on 13 IRS 990 filings on record.
What are Glendale Yacht Club Inc's total assets?
Glendale Yacht Club Inc holds total assets of $99,699 as reported in IRS 990 filings.
Where is Glendale Yacht Club Inc located?
Glendale Yacht Club Inc is based in Gilford, New Hampshire.
What is Glendale Yacht Club Inc's EIN?
Glendale Yacht Club Inc's Employer Identification Number (EIN) is 222736052. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Glendale Yacht Club Inc?
Glendale Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Glendale Yacht Club Inc a registered 501(c)(3)?
Glendale Yacht Club Inc appears in IRS records (EIN: 222736052). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Glendale Yacht Club Inc file IRS Form 990?
Yes, Glendale Yacht Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Glendale Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Glendale Yacht Club Inc reported total revenue of $71,603, total expenses of $79,116, and net assets of $133,631.
Is Glendale Yacht Club Inc's revenue growing or declining?
Glendale Yacht Club Inc's revenue is declining. Revenue went from $91,496 (202212) to $71,603 (202312), a -21.7% change. Based on 13 filings on record.
What is Glendale Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Glendale Yacht Club Inc covers tax period 202312. It shows revenue of $71,603, expenses of $79,116, total assets of $133,631, and liabilities of N/A.
How much does Glendale Yacht Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Glendale Yacht Club Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Glendale Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Glendale Yacht Club Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Glendale Yacht Club Inc?
The following concerns were identified: Lack of detailed program spending breakdown beyond general expenses.. No information on specific executive or key employee compensation.. Purpose and activities are not clearly detailed beyond the name 'Yacht Club'.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Glendale Yacht Club Inc's strengths?
Positive indicators for Glendale Yacht Club Inc include: Consistent revenue generation over several years.. Stable asset base, indicating financial resilience.. Regular and timely financial filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Glendale Yacht Club Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Yacht Club' name, what specific charitable or community programs does Glendale Yacht Club Inc. operate to justify its nonprofit status?
The provided data does not detail specific programs, only general expenses. Further investigation into their Form 990 or mission statement would be required to understand their charitable activities.
How does Glendale Yacht Club Inc. manage to maintain a stable asset base (e.g., $133,631 in 2023) with relatively low annual revenues (e.g., $71,603 in 2023)?
The stable asset base suggests either significant prior capital accumulation, efficient asset management, or that a substantial portion of their assets are non-liquid (e.g., property) and not directly tied to annual revenue fluctuations. Without a balance sheet breakdown, it's difficult to pinpoint the exact mechanism.
Filing History
IRS 990 filing history for Glendale Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glendale Yacht Club Inc's revenue has declined by 11.5%, moving from $81K to $72K. Total assets decreased by 47.1% over the same period, from $253K to $134K. Total functional expenses rose by 13%, from $70K to $79K. In its most recent filing year (2023), Glendale Yacht Club Inc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $79K | $134K | $0 | — | — |
| 2022 | $91K | $89K | $141K | $0 | — | View 990 |
| 2021 | $66K | $75K | $139K | $0 | — | — |
| 2020 | $66K | $78K | $144K | $0 | — | — |
| 2019 | $109K | $103K | $157K | $0 | — | View 990 |
| 2018 | $64K | $82K | $151K | $0 | — | View 990 |
| 2017 | $59K | $65K | $168K | $0 | — | View 990 |
| 2016 | $56K | $70K | $175K | $0 | — | View 990 |
| 2015 | $81K | $83K | $188K | $0 | — | View 990 |
| 2014 | $55K | $71K | $190K | $0 | — | View 990 |
| 2013 | $83K | $79K | $219K | $13K | — | View 990 |
| 2012 | $82K | $69K | $241K | $39K | — | View 990 |
| 2011 | $81K | $70K | $253K | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $79K, and assets of $134K (revenue -21.7% year-over-year).
- 2022: Revenue of $91K, expenses of $89K, and assets of $141K (revenue +38.9% year-over-year).
- 2021: Revenue of $66K, expenses of $75K, and assets of $139K (revenue -0.1% year-over-year).
- 2020: Revenue of $66K, expenses of $78K, and assets of $144K (revenue -39.7% year-over-year).
- 2019: Revenue of $109K, expenses of $103K, and assets of $157K (revenue +70.5% year-over-year).
- 2018: Revenue of $64K, expenses of $82K, and assets of $151K (revenue +8.6% year-over-year).
- 2017: Revenue of $59K, expenses of $65K, and assets of $168K (revenue +5.1% year-over-year).
- 2016: Revenue of $56K, expenses of $70K, and assets of $175K (revenue -30.6% year-over-year).
- 2015: Revenue of $81K, expenses of $83K, and assets of $188K (revenue +47.4% year-over-year).
- 2014: Revenue of $55K, expenses of $71K, and assets of $190K (revenue -33.8% year-over-year).
- 2013: Revenue of $83K, expenses of $79K, and assets of $219K (revenue +1.8% year-over-year).
- 2012: Revenue of $82K, expenses of $69K, and assets of $241K (revenue +0.8% year-over-year).
- 2011: Revenue of $81K, expenses of $70K, and assets of $253K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glendale Yacht Club Inc:
Data Sources and Methodology
This transparency report for Glendale 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.