Keyport Yacht Club Inc
Keyport Yacht Club Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 210490982 · Keyport, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $845K |
| Total Expenses | $719K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Keyport 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 →
Keyport Yacht Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keyport Yacht Club Inc
Keyport Yacht Club Inc (EIN: 210490982) is a nonprofit organization based in Keyport, NJ. The organization reported total revenue of $845K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keyport Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keyport Yacht Club Inc is a small nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $803K |
| Total Expenses | $719K |
| Surplus / Deficit | +$83K |
| Total Assets | $2.3M |
| Total Liabilities | $890K |
| Net Assets | $1.4M |
| Operating Margin | 10.4% |
| Debt-to-Asset Ratio | 39.2% |
| Months of Reserves | 37.8 months |
Financial Health Grade: A
In 2023, Keyport Yacht Club Inc reported a surplus of $83K with revenue exceeding expenses, holds 37.8 months of operating reserves (strong position), has a debt-to-asset ratio of 39.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Keyport Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.4% | +7.8% | +3.0% |
| 2022 | +11.5% | +27.6% | +70.0% |
| 2021 | +40.3% | +27.2% | -4.2% |
| 2020 | -28.5% | -23.9% | +12.2% |
| 2019 | +9.6% | +5.7% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Keyport Yacht Club Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Keyport Yacht Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through non-officer roles, which is a strong positive for transparency and 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.
Red Flags
The following concerns were identified during AI analysis of Keyport Yacht Club Inc's IRS 990 filings:
- NTEE Code is unknown, limiting clear understanding of mission category
- Detailed expense breakdown (program vs. admin vs. fundraising) is not provided, hindering precise efficiency analysis
Strengths
The following positive indicators were identified for Keyport Yacht Club Inc:
- Consistent revenue growth over the past decade, from $465,949 in 2014 to $802,639 in 2023.
- Strong asset accumulation, increasing from $587,292 in 2014 to $2,268,194 in 2023.
- Zero reported officer compensation across all filings, indicating high transparency and potential volunteer leadership.
- Expenses consistently below revenue, leading to a healthy financial surplus.
- Healthy asset-to-liability ratio, particularly in recent years, indicating strong financial stability.
Frequently Asked Questions about Keyport Yacht Club Inc
Is Keyport Yacht Club Inc a legitimate charity?
Keyport Yacht Club Inc (EIN: 210490982) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $845K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Keyport Yacht Club Inc spend its money?
Keyport Yacht Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Keyport Yacht Club Inc tax-deductible?
Keyport Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 210490982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Keyport Yacht Club Inc's spending goes to programs?
Keyport Yacht Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Keyport Yacht Club Inc located?
Keyport Yacht Club Inc is headquartered in Keyport, New Jersey and files with the IRS under EIN 210490982.
How many years of IRS 990 filings does Keyport Yacht Club Inc have?
Keyport 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 $845K in total revenue.
What is the NTEE code for Keyport Yacht Club Inc.?
The NTEE code for Keyport Yacht Club Inc. is currently unknown based on the provided data.
How has the organization's net assets changed over the last decade?
The organization's net assets have significantly increased from approximately $554,218 in 2014 ($587,292 assets - $33,074 liabilities) to $1,378,471 in 2023 ($2,268,194 assets - $889,723 liabilities), demonstrating substantial financial growth and stability.
Does Keyport Yacht Club Inc. pay its officers?
Based on the provided IRS 990 data, Keyport Yacht Club Inc. consistently reports 0% officer compensation across all available filings, suggesting officers are not compensated or are compensated in non-officer capacities.
Filing History
IRS 990 filing history for Keyport Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Keyport Yacht Club Inc's revenue has grown by 89%, moving from $425K to $803K. Total assets increased by 227.8% over the same period, from $692K to $2.3M. Total functional expenses rose by 98.4%, from $362K to $719K. In its most recent filing year (2023), Keyport Yacht Club Inc reported a surplus of $83K, with revenue exceeding expenses. The organization holds $890K in liabilities against $2.3M in assets (debt-to-asset ratio: 39.2%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $803K | $719K | $2.3M | $890K | — | — |
| 2022 | $678K | $667K | $2.2M | $907K | — | View 990 |
| 2021 | $608K | $523K | $1.3M | $12K | — | — |
| 2020 | $433K | $411K | $1.4M | $159K | — | — |
| 2019 | $606K | $540K | $1.2M | $35K | — | View 990 |
| 2018 | $553K | $511K | $1.1M | $32K | — | View 990 |
| 2017 | $528K | $484K | $1.1M | $27K | — | — |
| 2016 | $531K | $496K | $1.0M | $30K | — | View 990 |
| 2015 | $479K | $398K | $1.0M | $22K | — | View 990 |
| 2014 | $466K | $458K | $587K | $33K | — | View 990 |
| 2013 | $422K | $461K | $575K | $28K | — | View 990 |
| 2012 | $412K | $378K | $675K | $28K | — | View 990 |
| 2011 | $425K | $362K | $692K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $803K, expenses of $719K, and assets of $2.3M (revenue +18.4% year-over-year).
- 2022: Revenue of $678K, expenses of $667K, and assets of $2.2M (revenue +11.5% year-over-year).
- 2021: Revenue of $608K, expenses of $523K, and assets of $1.3M (revenue +40.3% year-over-year).
- 2020: Revenue of $433K, expenses of $411K, and assets of $1.4M (revenue -28.5% year-over-year).
- 2019: Revenue of $606K, expenses of $540K, and assets of $1.2M (revenue +9.6% year-over-year).
- 2018: Revenue of $553K, expenses of $511K, and assets of $1.1M (revenue +4.7% year-over-year).
- 2017: Revenue of $528K, expenses of $484K, and assets of $1.1M (revenue -0.5% year-over-year).
- 2016: Revenue of $531K, expenses of $496K, and assets of $1.0M (revenue +10.8% year-over-year).
- 2015: Revenue of $479K, expenses of $398K, and assets of $1.0M (revenue +2.8% year-over-year).
- 2014: Revenue of $466K, expenses of $458K, and assets of $587K (revenue +10.5% year-over-year).
- 2013: Revenue of $422K, expenses of $461K, and assets of $575K (revenue +2.5% year-over-year).
- 2012: Revenue of $412K, expenses of $378K, and assets of $675K (revenue -3.1% year-over-year).
- 2011: Revenue of $425K, expenses of $362K, and assets of $692K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keyport Yacht Club Inc:
Data Sources and Methodology
This transparency report for Keyport 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.