Port Washington Yacht Club Inc
Port Washington Yacht Club Inc. shows consistent revenue growth and healthy asset accumulation with no reported officer compensation.
EIN: 111198535 · Prt Washingtn, NY · Updated: 2026-03-28
Is Port Washington 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 →
Port Washington Yacht Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Port Washington Yacht Club Inc
Port Washington Yacht Club Inc (EIN: 111198535) is a nonprofit organization based in Prt Washingtn, NY. The organization reported total revenue of $10.9M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Washington Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Port Washington Yacht Club Inc is a large nonprofit, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$312K |
| Total Assets | $9.4M |
| Total Liabilities | $2.8M |
| Net Assets | $6.5M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 30.2% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Port Washington Yacht Club Inc reported a surplus of $312K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Port Washington Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +1.5% | +5.8% |
| 2022 | +5.6% | +13.0% | +4.8% |
| 2021 | +19.8% | +19.2% | +8.8% |
| 2020 | -10.9% | -17.9% | +6.5% |
| 2019 | +5.4% | -4.3% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Port Washington Yacht Club Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Port Washington Yacht Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $312K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with revenues exceeding $6 million.
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 Port Washington Yacht Club Inc's IRS 990 filings:
- NTEE Code is Unknown, hindering comparative analysis
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Port Washington Yacht Club Inc:
- Consistent revenue growth over the past decade, from $4.35M in 2013 to $6.34M in 2023
- Healthy operating surplus in most years, demonstrating financial stability
- Steady increase in assets, from $7.31M in 2013 to $9.37M in 2023, indicating strong financial health
- 0% reported officer compensation across all filings, suggesting high efficiency in executive costs
Frequently Asked Questions about Port Washington Yacht Club Inc
Is Port Washington Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Port Washington Yacht Club Inc (EIN: 111198535) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Port Washington Yacht Club Inc spend its money?
Port Washington Yacht Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Port Washington Yacht Club Inc tax-deductible?
Port Washington Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 111198535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the NTEE code for Port Washington Yacht Club Inc.?
The NTEE code for Port Washington Yacht Club Inc. is currently listed as 'Unknown' in the provided data.
How has the organization's revenue trended over the last 10 years?
The organization's revenue has shown a consistent upward trend, increasing from $4,353,156 in 2013 to $6,348,026 in 2023.
Does Port Washington Yacht Club Inc. consistently operate at a surplus?
Yes, in most reported periods, the organization's revenue has exceeded its expenses, indicating a consistent operating surplus, such as $312,480 in 2023 ($6,348,026 revenue vs. $6,035,546 expenses).
Filing History
IRS 990 filing history for Port Washington Yacht Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Port Washington Yacht Club Inc's revenue has grown by 44.2%, moving from $4.4M to $6.3M. Total assets increased by 27.3% over the same period, from $7.4M to $9.4M. Total functional expenses rose by 47.2%, from $4.1M to $6.0M. In its most recent filing year (2023), Port Washington Yacht Club Inc reported a surplus of $312K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $9.4M in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.0M | $9.4M | $2.8M | — | — |
| 2022 | $6.3M | $5.9M | $8.9M | $2.7M | — | View 990 |
| 2021 | $6.0M | $5.3M | $8.5M | $2.6M | — | View 990 |
| 2020 | $5.0M | $4.4M | $7.8M | $2.6M | — | — |
| 2019 | $5.6M | $5.4M | $7.3M | $2.7M | — | View 990 |
| 2018 | $5.3M | $5.6M | $7.2M | $2.8M | — | View 990 |
| 2017 | $5.1M | $4.9M | $7.6M | $2.8M | — | View 990 |
| 2016 | $4.9M | $5.0M | $7.4M | $2.8M | — | View 990 |
| 2014 | $4.6M | $4.4M | $7.4M | $3.0M | — | View 990 |
| 2013 | $4.4M | $4.1M | $7.3M | $3.0M | — | View 990 |
| 2012 | $4.4M | $4.4M | $7.2M | $3.2M | — | View 990 |
| 2011 | $4.4M | $4.1M | $7.4M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.0M, and assets of $9.4M (revenue +1.0% year-over-year).
- 2022: Revenue of $6.3M, expenses of $5.9M, and assets of $8.9M (revenue +5.6% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.3M, and assets of $8.5M (revenue +19.8% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.4M, and assets of $7.8M (revenue -10.9% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.4M, and assets of $7.3M (revenue +5.4% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.6M, and assets of $7.2M (revenue +4.6% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.9M, and assets of $7.6M (revenue +2.7% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.0M, and assets of $7.4M (revenue +8.0% year-over-year).
- 2014: Revenue of $4.6M, expenses of $4.4M, and assets of $7.4M (revenue +4.8% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.1M, and assets of $7.3M (revenue -1.3% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.4M, and assets of $7.2M (revenue +0.2% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.1M, and assets of $7.4M.
Data Sources and Methodology
This transparency report for Port Washington 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.