Larchmont Yacht Club
Larchmont Yacht Club maintains stable finances with growing assets and no reported officer compensation.
EIN: 131716713 · Larchmont, NY · Updated: 2026-03-28
Is Larchmont Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larchmont Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larchmont Yacht Club
Larchmont Yacht Club (EIN: 131716713) is a nonprofit organization based in Larchmont, NY. The organization reported total revenue of $16.8M and total assets of $27.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larchmont Yacht Club'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 Larchmont Yacht Club with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Larchmont Yacht Club 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization with over $14 million in annual revenue.
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 Larchmont Yacht Club's IRS 990 filings:
- Significant increase in liabilities from $4.7M in 2019 to $15.4M in 2020 without clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
- Consistent reporting of 0% officer compensation for an organization with substantial revenue, which may obscure executive remuneration.
Strengths
The following positive indicators were identified for Larchmont Yacht Club:
- Consistent revenue generation, generally exceeding expenses.
- Significant growth in assets, nearly doubling from $14.4M in 2014 to $28.5M in 2023.
- Regular and timely filing of IRS Form 990s over 13 periods, indicating compliance.
- Stable financial operations with positive net income in most years.
Frequently Asked Questions about Larchmont Yacht Club
Is Larchmont Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Larchmont Yacht Club (EIN: 131716713) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Larchmont Yacht Club spend its money?
Larchmont Yacht Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larchmont Yacht Club tax-deductible?
Larchmont Yacht Club is registered as a tax-exempt nonprofit (EIN: 131716713). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities between 2019 and 2020, from $4,725,365 to $15,448,031?
The provided data does not specify the reason for this substantial increase in liabilities. It could be due to new debt, capital projects, or other financial obligations.
How does Larchmont Yacht Club allocate its expenses between program services, administration, and fundraising?
The provided summary data does not offer a detailed breakdown of expenses into these categories, making it difficult to assess spending efficiency in specific areas.
Are the officers and key employees truly uncompensated, or is their compensation reported under different expense lines?
The filings consistently show 0% officer compensation. Without further detail from the full 990 forms, it's unclear if this means they are volunteers or if compensation is categorized differently.
What is the nature of the organization's 'programs' given its status as a yacht club?
As a yacht club, programs likely include sailing instruction, regattas, youth programs, and maintenance of club facilities, but specific program details are not available in this financial summary.
Filing History
IRS 990 filing history for Larchmont Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Larchmont Yacht Club's revenue has grown by 76.6%, moving from $8.2M to $14.4M. Total assets increased by 110.5% over the same period, from $13.5M to $28.5M. Total functional expenses rose by 82.1%, from $7.7M to $14.1M. In its most recent filing year (2023), Larchmont Yacht Club reported a surplus of $305K, with revenue exceeding expenses. The organization holds $12.3M in liabilities against $28.5M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $14.4M | $14.1M | $28.5M | $12.3M | — | — |
| 2022 | $13.3M | $13.9M | $29.0M | $13.1M | — | View 990 |
| 2021 | $12.6M | $11.4M | $29.7M | $13.8M | — | View 990 |
| 2020 | $10.2M | $8.5M | $29.9M | $15.4M | — | — |
| 2019 | $10.9M | $9.9M | $17.9M | $4.7M | — | View 990 |
| 2018 | $10.0M | $9.3M | $16.0M | $3.8M | — | View 990 |
| 2017 | $11.1M | $9.4M | $15.3M | $3.8M | — | View 990 |
| 2016 | $9.0M | $9.6M | $14.1M | $3.4M | — | View 990 |
| 2015 | $9.3M | $9.0M | $14.7M | $3.4M | — | View 990 |
| 2014 | $9.3M | $9.0M | $14.5M | $3.4M | — | View 990 |
| 2013 | $8.8M | $9.2M | $13.8M | $3.0M | — | View 990 |
| 2012 | $8.3M | $8.0M | $14.2M | $3.1M | — | View 990 |
| 2011 | $8.2M | $7.7M | $13.5M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.4M, expenses of $14.1M, and assets of $28.5M (revenue +8.2% year-over-year).
- 2022: Revenue of $13.3M, expenses of $13.9M, and assets of $29.0M (revenue +5.8% year-over-year).
- 2021: Revenue of $12.6M, expenses of $11.4M, and assets of $29.7M (revenue +22.9% year-over-year).
- 2020: Revenue of $10.2M, expenses of $8.5M, and assets of $29.9M (revenue -5.8% year-over-year).
- 2019: Revenue of $10.9M, expenses of $9.9M, and assets of $17.9M (revenue +8.4% year-over-year).
- 2018: Revenue of $10.0M, expenses of $9.3M, and assets of $16.0M (revenue -9.7% year-over-year).
- 2017: Revenue of $11.1M, expenses of $9.4M, and assets of $15.3M (revenue +23.0% year-over-year).
- 2016: Revenue of $9.0M, expenses of $9.6M, and assets of $14.1M (revenue -2.7% year-over-year).
- 2015: Revenue of $9.3M, expenses of $9.0M, and assets of $14.7M (revenue -0.1% year-over-year).
- 2014: Revenue of $9.3M, expenses of $9.0M, and assets of $14.5M (revenue +5.6% year-over-year).
- 2013: Revenue of $8.8M, expenses of $9.2M, and assets of $13.8M (revenue +5.8% year-over-year).
- 2012: Revenue of $8.3M, expenses of $8.0M, and assets of $14.2M (revenue +1.9% year-over-year).
- 2011: Revenue of $8.2M, expenses of $7.7M, and assets of $13.5M.
Data Sources and Methodology
This transparency report for Larchmont 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.