Harraseeket Yacht Club
Harraseeket Yacht Club shows consistent financial growth and zero reported officer compensation over the past decade.
EIN: 10269721 · S Freeport, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $156K |
| Program Spending | 85% |
| Net Assets | $947K |
| Transparency Score | 85/100 |
Is Harraseeket Yacht Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harraseeket Yacht Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harraseeket Yacht Club
Harraseeket Yacht Club (EIN: 10269721) is a nonprofit organization based in S Freeport, ME. The organization reported total revenue of $238K and total assets of $975K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harraseeket Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harraseeket Yacht Club is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $156K |
| Surplus / Deficit | +$42K |
| Total Assets | $947K |
| Net Assets | $947K |
| Operating Margin | 21.3% |
| Months of Reserves | 73.0 months |
Financial Health Grade: A
In 2023, Harraseeket Yacht Club reported a surplus of $42K with revenue exceeding expenses, holds 73.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Harraseeket Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | -21.6% | +4.7% |
| 2022 | +16.3% | +5.3% | +3.3% |
| 2021 | +9.0% | +26.6% | -0.3% |
| 2020 | -16.9% | -14.1% | +3.6% |
| 2019 | +4.3% | +10.6% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Harraseeket Yacht Club with a Mission Score of 85 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, Harraseeket Yacht Club 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation falls below IRS reporting thresholds, which is highly favorable for resource allocation.
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 Harraseeket Yacht Club:
- Consistent financial surpluses (e.g., $197,821 revenue vs. $155,709 expenses in 2023).
- Zero reported officer compensation across all filings.
- Steady growth in assets from $691,472 in 2014 to $974,695 currently.
- No reported liabilities in recent years (e.g., $0 from 2017-2023).
- Consistent filing of IRS Form 990s for 14 periods, indicating transparency.
Frequently Asked Questions about Harraseeket Yacht Club
Is Harraseeket Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Harraseeket Yacht Club (EIN: 10269721) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Harraseeket Yacht Club spend its money?
Harraseeket Yacht Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harraseeket Yacht Club tax-deductible?
Harraseeket Yacht Club is registered as a tax-exempt nonprofit (EIN: 10269721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harraseeket Yacht Club's spending goes to programs?
Harraseeket Yacht Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harraseeket Yacht Club located?
Harraseeket Yacht Club is headquartered in S Freeport, Maine and files with the IRS under EIN 10269721.
How many years of IRS 990 filings does Harraseeket Yacht Club have?
Harraseeket Yacht Club has 14 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 $238K in total revenue.
Is Harraseeket Yacht Club financially stable?
Yes, Harraseeket Yacht Club demonstrates strong financial stability, consistently operating with a surplus (e.g., $197,821 revenue vs. $155,709 expenses in 2023) and growing its assets from $691,472 in 2014 to $974,695 currently, while maintaining $0 liabilities in recent years.
How does Harraseeket Yacht Club manage executive compensation?
The organization reports 0% officer compensation across all 14 available filings, suggesting a volunteer-driven leadership or very modest compensation not meeting reporting thresholds, which is a positive sign for efficiency.
Has the organization's assets grown over time?
Yes, the organization's assets have shown consistent growth, increasing from $691,472 in 2014 to $974,695 currently, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Harraseeket Yacht Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Harraseeket Yacht Club's revenue has grown by 56.8%, moving from $126K to $198K. Total assets increased by 39.4% over the same period, from $679K to $947K. Total functional expenses rose by 24.2%, from $125K to $156K. In its most recent filing year (2023), Harraseeket Yacht Club reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $156K | $947K | $0 | — | — |
| 2022 | $228K | $199K | $905K | $0 | — | View 990 |
| 2021 | $196K | $188K | $876K | $0 | — | View 990 |
| 2020 | $180K | $149K | $879K | $0 | — | View 990 |
| 2019 | $216K | $173K | $848K | $0 | — | View 990 |
| 2018 | $207K | $157K | $805K | $0 | — | View 990 |
| 2017 | $176K | $131K | $755K | $0 | — | View 990 |
| 2016 | $148K | $141K | $710K | $193 | — | View 990 |
| 2015 | $157K | $139K | $703K | $156 | — | View 990 |
| 2014 | $142K | $144K | $691K | $7K | — | View 990 |
| 2013 | $139K | $118K | $700K | $14K | — | View 990 |
| 2012 | $138K | $119K | $686K | $21K | — | View 990 |
| 2011 | $132K | $132K | $673K | $28K | — | View 990 |
| 2010 | $126K | $125K | $679K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $156K, and assets of $947K (revenue -13.1% year-over-year).
- 2022: Revenue of $228K, expenses of $199K, and assets of $905K (revenue +16.3% year-over-year).
- 2021: Revenue of $196K, expenses of $188K, and assets of $876K (revenue +9.0% year-over-year).
- 2020: Revenue of $180K, expenses of $149K, and assets of $879K (revenue -16.9% year-over-year).
- 2019: Revenue of $216K, expenses of $173K, and assets of $848K (revenue +4.3% year-over-year).
- 2018: Revenue of $207K, expenses of $157K, and assets of $805K (revenue +17.8% year-over-year).
- 2017: Revenue of $176K, expenses of $131K, and assets of $755K (revenue +18.8% year-over-year).
- 2016: Revenue of $148K, expenses of $141K, and assets of $710K (revenue -5.7% year-over-year).
- 2015: Revenue of $157K, expenses of $139K, and assets of $703K (revenue +10.3% year-over-year).
- 2014: Revenue of $142K, expenses of $144K, and assets of $691K (revenue +2.4% year-over-year).
- 2013: Revenue of $139K, expenses of $118K, and assets of $700K (revenue +0.9% year-over-year).
- 2012: Revenue of $138K, expenses of $119K, and assets of $686K (revenue +4.4% year-over-year).
- 2011: Revenue of $132K, expenses of $132K, and assets of $673K (revenue +4.7% year-over-year).
- 2010: Revenue of $126K, expenses of $125K, and assets of $679K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harraseeket Yacht Club:
Data Sources and Methodology
This transparency report for Harraseeket 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.