New York Yacht Club Foundation
New York Yacht Club Foundation shows strong asset growth and no reported officer compensation, with fluctuating but increasing revenue.
EIN: 208288446 · New York, NY · NTEE: S990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $9.7M |
| Transparency Score | 90/100 |
Is New York Yacht Club 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 Yacht Club Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Yacht Club Foundation
New York Yacht Club Foundation (EIN: 208288446) is a nonprofit organization based in New York, NY, classified under NTEE code S990. The organization reported total revenue of $5.3M and total assets of $10.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Yacht Club Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Yacht Club Foundation is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 27.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $9.9M |
| Total Liabilities | $127K |
| Net Assets | $9.7M |
| Operating Margin | 63.8% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 73.4 months |
Financial Health Grade: A
In 2023, New York Yacht Club Foundation reported a surplus of $2.8M with revenue exceeding expenses, holds 73.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), New York Yacht Club Foundation's revenue has grown at a compound annual growth rate (CAGR) of 27.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.1% | -3.7% | +41.3% |
| 2022 | -25.4% | +33.8% | -6.3% |
| 2021 | +84.6% | +106.5% | +55.3% |
| 2020 | +48.4% | -65.4% | +22.1% |
| 2019 | -27.7% | +15.0% | -13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Yacht Club Foundation with a Mission Score of 90 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, New York Yacht Club Foundation 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 $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
The New York Yacht Club Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the IRS Form 990, which is a positive sign for donor confidence.
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 Yacht Club Foundation's IRS 990 filings:
- Significant year-over-year revenue and expense fluctuations, potentially indicating reliance on less predictable funding sources.
Strengths
The following positive indicators were identified for New York Yacht Club Foundation:
- Consistent asset growth, reaching $9,864,187 in 202312.
- No reported officer compensation across all filings, indicating efficient use of funds.
- Strong program spending ratio, suggesting a focus on mission-related activities.
- Low liabilities relative to assets, demonstrating financial stability (e.g., $126,509 liabilities vs. $9,864,187 assets in 202312).
- Long history of IRS 990 filings (14 filings), indicating transparency.
Frequently Asked Questions about New York Yacht Club Foundation
Is New York Yacht Club Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Yacht Club Foundation (EIN: 208288446) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does New York Yacht Club Foundation spend its money?
New York Yacht Club Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Yacht Club Foundation tax-deductible?
New York Yacht Club Foundation is registered as a tax-exempt nonprofit (EIN: 208288446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Yacht Club Foundation's spending goes to programs?
New York Yacht Club Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Yacht Club Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New York Yacht Club Foundation is above average for NTEE category S990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Yacht Club Foundation located?
New York Yacht Club Foundation is headquartered in New York, New York and files with the IRS under EIN 208288446. It is classified under NTEE code S990.
How many years of IRS 990 filings does New York Yacht Club Foundation have?
New York Yacht Club Foundation 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 $5.3M in total revenue.
Is the New York Yacht Club Foundation a good charity?
Based on its financial data, the New York Yacht Club Foundation appears to be a good charity. It demonstrates strong program spending, consistent asset growth, and a notable absence of reported officer compensation, all of which are positive indicators of financial health and mission focus.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $98,878 in 201412 to $9,864,187 in 202312. Revenue has also seen substantial growth, albeit with fluctuations, from $435,657 in 201412 to $4,450,810 in 202312.
What is the organization's approach to executive compensation?
The New York Yacht Club Foundation reports 0% officer compensation in all available IRS 990 filings, suggesting a commitment to minimizing administrative overhead related to executive salaries or that its leadership serves in a volunteer capacity.
Filing History
IRS 990 filing history for New York Yacht Club Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New York Yacht Club Foundation's revenue has grown by 2171.9%, moving from $196K to $4.5M. Total assets increased by 2791.1% over the same period, from $341K to $9.9M. Total functional expenses rose by 13296.6%, from $12K to $1.6M. In its most recent filing year (2023), New York Yacht Club Foundation reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $127K in liabilities against $9.9M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $1.6M | $9.9M | $127K | — | — |
| 2022 | $2.2M | $1.7M | $7.0M | $84K | — | View 990 |
| 2021 | $2.9M | $1.3M | $7.5M | $1.1M | — | View 990 |
| 2020 | $1.6M | $606K | $4.8M | $52K | — | View 990 |
| 2019 | $1.1M | $1.8M | $3.9M | $154K | — | View 990 |
| 2018 | $1.5M | $1.5M | $4.5M | $56K | — | View 990 |
| 2017 | $3.9M | $44K | $4.5M | $22K | — | View 990 |
| 2016 | $566K | $463K | $657K | $16K | — | View 990 |
| 2015 | $725K | $252K | $543K | $5K | — | View 990 |
| 2014 | $436K | $633K | $99K | $34K | — | View 990 |
| 2013 | $304K | $598K | $280K | $19K | — | View 990 |
| 2012 | $317K | $282K | $587K | $32K | — | View 990 |
| 2011 | $228K | $21K | $553K | $33K | — | View 990 |
| 2010 | $196K | $12K | $341K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $1.6M, and assets of $9.9M (revenue +105.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.7M, and assets of $7.0M (revenue -25.4% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.3M, and assets of $7.5M (revenue +84.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $606K, and assets of $4.8M (revenue +48.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.8M, and assets of $3.9M (revenue -27.7% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $4.5M (revenue -62.6% year-over-year).
- 2017: Revenue of $3.9M, expenses of $44K, and assets of $4.5M (revenue +594.1% year-over-year).
- 2016: Revenue of $566K, expenses of $463K, and assets of $657K (revenue -22.0% year-over-year).
- 2015: Revenue of $725K, expenses of $252K, and assets of $543K (revenue +66.5% year-over-year).
- 2014: Revenue of $436K, expenses of $633K, and assets of $99K (revenue +43.2% year-over-year).
- 2013: Revenue of $304K, expenses of $598K, and assets of $280K (revenue -4.1% year-over-year).
- 2012: Revenue of $317K, expenses of $282K, and assets of $587K (revenue +39.2% year-over-year).
- 2011: Revenue of $228K, expenses of $21K, and assets of $553K (revenue +16.4% year-over-year).
- 2010: Revenue of $196K, expenses of $12K, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Yacht Club Foundation:
Data Sources and Methodology
This transparency report for New York Yacht Club 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.