Harbor Club Inc
Harbor Club Inc consistently maintains financial surpluses with zero reported officer compensation.
EIN: 10086202 · Mount Desert, ME · Updated: 2026-03-28
Is Harbor Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harbor Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harbor Club Inc
Harbor Club Inc (EIN: 10086202) is a nonprofit organization based in Mount Desert, ME. The organization reported total revenue of $941K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbor Club Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Harbor Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's officers are either uncompensated or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with assets exceeding $2 million.
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 Harbor Club Inc's IRS 990 filings:
- NTEE code is unknown, limiting understanding of mission area
- Detailed expense breakdown (program, admin, fundraising) not provided in data, hindering full efficiency analysis
Strengths
The following positive indicators were identified for Harbor Club Inc:
- Consistent financial surpluses year over year
- Steady growth in assets over the past decade
- Zero reported officer compensation, indicating low administrative overhead at the executive level
- Low liabilities relative to assets, suggesting strong financial stability
Frequently Asked Questions about Harbor Club Inc
Is Harbor Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Club Inc (EIN: 10086202) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Harbor Club Inc spend its money?
Harbor Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harbor Club Inc tax-deductible?
Harbor Club Inc is registered as a tax-exempt nonprofit (EIN: 10086202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harbor Club Inc a good charity?
Based on the provided financial data, Harbor Club Inc appears to be a financially sound organization with consistent surpluses and zero reported officer compensation, which are strong indicators of good financial stewardship. However, without detailed program expense breakdowns and an NTEE code, a complete assessment of its programmatic impact is limited.
How has Harbor Club Inc's financial health changed over the last decade?
Harbor Club Inc has shown consistent financial growth and stability over the last decade. Its assets have increased from $1,612,883 in 2014 to $2,271,475 in 2023, and it has consistently generated more revenue than expenses each year, indicating healthy financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting a commitment to minimizing administrative costs at the leadership level, potentially through volunteer leadership or alternative compensation structures not classified as officer pay.
Filing History
IRS 990 filing history for Harbor Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor Club Inc's revenue has grown by 36.2%, moving from $683K to $929K. Total assets increased by 79.6% over the same period, from $1.3M to $2.3M. Total functional expenses rose by 64.8%, from $559K to $921K. In its most recent filing year (2023), Harbor Club Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $61K in liabilities against $2.3M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $921K | $2.3M | $61K | — | View 990 |
| 2022 | $843K | $814K | $2.3M | $73K | — | View 990 |
| 2021 | $874K | $809K | $2.2M | $59K | — | View 990 |
| 2020 | $765K | $693K | $2.1M | $46K | — | View 990 |
| 2019 | $849K | $723K | $2.1M | $68K | — | View 990 |
| 2018 | $760K | $713K | $2.0M | $53K | — | View 990 |
| 2017 | $754K | $671K | $1.9M | $56K | — | View 990 |
| 2016 | $734K | $642K | $1.8M | $55K | — | View 990 |
| 2015 | $793K | $633K | $1.8M | $70K | — | View 990 |
| 2014 | $701K | $585K | $1.6M | $90K | — | View 990 |
| 2013 | $689K | $592K | $1.4M | $42K | — | View 990 |
| 2012 | $681K | $566K | $1.3M | $40K | — | View 990 |
| 2011 | $683K | $559K | $1.3M | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $929K, expenses of $921K, and assets of $2.3M (revenue +10.2% year-over-year).
- 2022: Revenue of $843K, expenses of $814K, and assets of $2.3M (revenue -3.5% year-over-year).
- 2021: Revenue of $874K, expenses of $809K, and assets of $2.2M (revenue +14.2% year-over-year).
- 2020: Revenue of $765K, expenses of $693K, and assets of $2.1M (revenue -9.9% year-over-year).
- 2019: Revenue of $849K, expenses of $723K, and assets of $2.1M (revenue +11.8% year-over-year).
- 2018: Revenue of $760K, expenses of $713K, and assets of $2.0M (revenue +0.8% year-over-year).
- 2017: Revenue of $754K, expenses of $671K, and assets of $1.9M (revenue +2.7% year-over-year).
- 2016: Revenue of $734K, expenses of $642K, and assets of $1.8M (revenue -7.4% year-over-year).
- 2015: Revenue of $793K, expenses of $633K, and assets of $1.8M (revenue +13.1% year-over-year).
- 2014: Revenue of $701K, expenses of $585K, and assets of $1.6M (revenue +1.7% year-over-year).
- 2013: Revenue of $689K, expenses of $592K, and assets of $1.4M (revenue +1.2% year-over-year).
- 2012: Revenue of $681K, expenses of $566K, and assets of $1.3M (revenue -0.2% year-over-year).
- 2011: Revenue of $683K, expenses of $559K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Harbor 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.