New York Harbor Sailing Foundation
New York Harbor Sailing Foundation shows fluctuating revenue and expenses, with no reported officer compensation.
EIN: 133753257 · Jersey City, NJ · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $318K |
| Total Expenses | $217K |
| Program Spending | 90% |
| Net Assets | $258K |
| Transparency Score | 85/100 |
Is New York Harbor Sailing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Harbor Sailing Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Harbor Sailing Foundation
New York Harbor Sailing Foundation (EIN: 133753257) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code N67. The organization reported total revenue of $318K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Harbor Sailing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Harbor Sailing Foundation is a small nonprofit that has been operating for 1 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $217K |
| Surplus / Deficit | $-91,998 |
| Total Assets | $258K |
| Net Assets | $258K |
| Operating Margin | -73.3% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2020, New York Harbor Sailing Foundation reported a deficit of $92K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2020), New York Harbor Sailing Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -77.9% | -63.5% | -26.3% |
| 2019 | +10.2% | +19.2% | -7.8% |
| 2018 | -42.7% | -32.0% | +3.8% |
| 2017 | +81.0% | +68.7% | +78.9% |
| 2016 | +63.5% | +35.2% | +41.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 New York Harbor Sailing Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New York Harbor Sailing Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led structure.
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 New York Harbor Sailing Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $896,908 in 2017 vs. $125,454 in 2020)
- Expenses exceeding revenue in multiple periods (e.g., 2020, 2019, 2015, 2013), potentially indicating reliance on reserves or unsustainable spending patterns.
Strengths
The following positive indicators were identified for New York Harbor Sailing Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and volunteer-driven leadership.
- Zero reported liabilities across all filings, suggesting sound financial management of debt.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about New York Harbor Sailing Foundation
Is New York Harbor Sailing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Harbor Sailing Foundation (EIN: 133753257) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does New York Harbor Sailing Foundation spend its money?
New York Harbor Sailing Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Harbor Sailing Foundation tax-deductible?
New York Harbor Sailing Foundation is registered as a tax-exempt nonprofit (EIN: 133753257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Harbor Sailing Foundation's spending goes to programs?
New York Harbor Sailing Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Harbor Sailing Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York Harbor Sailing Foundation is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Harbor Sailing Foundation located?
New York Harbor Sailing Foundation is headquartered in Jersey City, New Jersey and files with the IRS under EIN 133753257. It is classified under NTEE code N67.
How many years of IRS 990 filings does New York Harbor Sailing Foundation have?
New York Harbor Sailing Foundation has 10 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 $318K in total revenue.
Is New York Harbor Sailing Foundation a good charity?
Based on the available data, the New York Harbor Sailing Foundation appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. However, its fluctuating revenue and expenses, with several years showing deficits, warrant closer examination of its financial sustainability.
How does the organization manage its finances given the revenue fluctuations?
The organization experiences significant revenue fluctuations, ranging from $125,454 in 2020 to $896,908 in 2017. Despite this, it consistently reports zero liabilities, suggesting careful management of its financial obligations. The deficits in certain years (e.g., 2020, 2019, 2015) indicate it may be drawing from accumulated assets or relying on other funding mechanisms to cover expenses during leaner periods.
What is the reason for zero officer compensation?
The consistent reporting of 0% officer compensation across all filings strongly suggests that the organization is primarily run by volunteers, or that any compensated staff are not classified as officers or key employees receiving reportable compensation. This is a significant indicator of efficiency and dedication to its mission.
Filing History
IRS 990 filing history for New York Harbor Sailing Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), New York Harbor Sailing Foundation's revenue has declined by 72.5%, moving from $456K to $125K. Total assets increased by 11.1% over the same period, from $232K to $258K. Total functional expenses fell by 38.7%, from $355K to $217K. In its most recent filing year (2020), New York Harbor Sailing Foundation reported a deficit of $92K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $125K | $217K | $258K | $0 | — | View 990 |
| 2019 | $567K | $596K | $350K | $0 | — | View 990 |
| 2018 | $514K | $500K | $379K | $0 | — | View 990 |
| 2017 | $897K | $736K | $366K | $0 | — | View 990 |
| 2016 | $496K | $436K | $204K | $0 | — | View 990 |
| 2015 | $303K | $323K | $145K | $0 | — | View 990 |
| 2014 | $379K | $377K | $164K | $0 | — | View 990 |
| 2013 | $250K | $308K | $162K | $0 | — | View 990 |
| 2012 | $402K | $400K | $234K | $0 | — | View 990 |
| 2011 | $456K | $355K | $232K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $125K, expenses of $217K, and assets of $258K (revenue -77.9% year-over-year).
- 2019: Revenue of $567K, expenses of $596K, and assets of $350K (revenue +10.2% year-over-year).
- 2018: Revenue of $514K, expenses of $500K, and assets of $379K (revenue -42.7% year-over-year).
- 2017: Revenue of $897K, expenses of $736K, and assets of $366K (revenue +81.0% year-over-year).
- 2016: Revenue of $496K, expenses of $436K, and assets of $204K (revenue +63.5% year-over-year).
- 2015: Revenue of $303K, expenses of $323K, and assets of $145K (revenue -20.1% year-over-year).
- 2014: Revenue of $379K, expenses of $377K, and assets of $164K (revenue +51.7% year-over-year).
- 2013: Revenue of $250K, expenses of $308K, and assets of $162K (revenue -37.7% year-over-year).
- 2012: Revenue of $402K, expenses of $400K, and assets of $234K (revenue -11.9% year-over-year).
- 2011: Revenue of $456K, expenses of $355K, and assets of $232K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Harbor Sailing Foundation:
Data Sources and Methodology
This transparency report for New York Harbor Sailing Foundation 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.