Island Hts Yacht Club
EIN: 231598245 · Island Hgts, NJ
| Metric | Value |
|---|---|
| Total Revenue | $420K |
| Total Expenses | $292K |
| Net Assets | $467K |
Is Island Hts 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 Island Hts Yacht Club
Island Hts Yacht Club (EIN: 231598245) is a nonprofit organization based in Island Hgts, NJ. The organization reported total revenue of $420K and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Hts Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Hts Yacht Club is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $292K |
| Surplus / Deficit | $-32,472 |
| Total Assets | $477K |
| Total Liabilities | $10K |
| Net Assets | $467K |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 19.6 months |
Financial Health Grade: B
In 2022, Island Hts Yacht Club reported a deficit of $32K with expenses exceeding revenue, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Island Hts Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -10.6% | +10.4% | -6.4% |
| 2021 | +35.0% | +8.5% | -6.7% |
| 2020 | -20.4% | -15.4% | -9.1% |
| 2019 | -0.6% | +23.7% | +3.4% |
| 2018 | +17.3% | -10.7% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Island Hts 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 Island Hts 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Island Hts Yacht Club
Is Island Hts Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Hts Yacht Club (EIN: 231598245) insufficient data. 0 red flags identified, 0 strengths noted.
How does Island Hts Yacht Club spend its money?
Detailed spending breakdown data is not yet available for Island Hts Yacht Club. Check back for updated IRS 990 analysis.
Are donations to Island Hts Yacht Club tax-deductible?
Island Hts Yacht Club is registered as a tax-exempt nonprofit (EIN: 231598245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Island Hts Yacht Club located?
Island Hts Yacht Club is headquartered in Island Hgts, New Jersey and files with the IRS under EIN 231598245.
How many years of IRS 990 filings does Island Hts Yacht Club have?
Island Hts Yacht Club has 12 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 $420K in total revenue.
Filing History
IRS 990 filing history for Island Hts Yacht Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Island Hts Yacht Club's revenue has grown by 16.4%, moving from $223K to $259K. Total assets decreased by 22.7% over the same period, from $617K to $477K. Total functional expenses rose by 28.2%, from $228K to $292K. In its most recent filing year (2022), Island Hts Yacht Club reported a deficit of $32K, with expenses exceeding revenue. The organization holds $10K in liabilities against $477K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $467K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $259K | $292K | $477K | $10K | — | View 990 |
| 2021 | $290K | $265K | $510K | $10K | — | View 990 |
| 2020 | $215K | $244K | $546K | $75K | — | — |
| 2019 | $270K | $288K | $601K | $101K | — | View 990 |
| 2018 | $272K | $233K | $581K | $444 | — | View 990 |
| 2017 | $232K | $261K | $544K | $2K | — | View 990 |
| 2016 | $217K | $247K | $573K | $1K | — | View 990 |
| 2015 | $213K | $264K | $602K | $568 | — | View 990 |
| 2014 | $218K | $252K | $653K | $0 | — | View 990 |
| 2013 | $371K | $224K | $689K | $2K | — | View 990 |
| 2012 | $487K | $276K | $596K | $2K | — | View 990 |
| 2011 | $223K | $228K | $617K | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $259K, expenses of $292K, and assets of $477K (revenue -10.6% year-over-year).
- 2021: Revenue of $290K, expenses of $265K, and assets of $510K (revenue +35.0% year-over-year).
- 2020: Revenue of $215K, expenses of $244K, and assets of $546K (revenue -20.4% year-over-year).
- 2019: Revenue of $270K, expenses of $288K, and assets of $601K (revenue -0.6% year-over-year).
- 2018: Revenue of $272K, expenses of $233K, and assets of $581K (revenue +17.3% year-over-year).
- 2017: Revenue of $232K, expenses of $261K, and assets of $544K (revenue +6.8% year-over-year).
- 2016: Revenue of $217K, expenses of $247K, and assets of $573K (revenue +1.7% year-over-year).
- 2015: Revenue of $213K, expenses of $264K, and assets of $602K (revenue -2.0% year-over-year).
- 2014: Revenue of $218K, expenses of $252K, and assets of $653K (revenue -41.4% year-over-year).
- 2013: Revenue of $371K, expenses of $224K, and assets of $689K (revenue -23.9% year-over-year).
- 2012: Revenue of $487K, expenses of $276K, and assets of $596K (revenue +118.7% year-over-year).
- 2011: Revenue of $223K, expenses of $228K, and assets of $617K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Hts Yacht Club:
Data Sources and Methodology
This transparency report for Island Hts 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.