Portland Yacht Club
Portland Yacht Club shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10143485 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Portland Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Yacht Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Portland Yacht Club
Portland Yacht Club (EIN: 10143485) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $1.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Yacht Club is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$83K |
| Total Assets | $1.6M |
| Total Liabilities | $18K |
| Net Assets | $1.6M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 15.3 months |
Financial Health Grade: A
In 2023, Portland Yacht Club reported a surplus of $83K with revenue exceeding expenses, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Portland Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +9.0% | +5.2% |
| 2022 | +7.4% | +0.8% | +8.7% |
| 2021 | +1.3% | +15.3% | +4.8% |
| 2020 | -2.6% | -14.0% | +19.4% |
| 2019 | +7.7% | -3.6% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Portland Yacht Club 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, Portland Yacht Club 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 $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which warrants further investigation for complete transparency.
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 Portland Yacht Club's IRS 990 filings:
- NTEE code is unknown, obscuring specific charitable purpose.
- Lack of detailed expense breakdown (program, admin, fundraising) limits efficiency analysis.
- Consistent 0% officer compensation could indicate lack of transparency if executives are compensated through other means.
Strengths
The following positive indicators were identified for Portland Yacht Club:
- Consistent revenue growth over the past five years, from $1,196,873 in 2020 to $1,346,964 in 2023.
- Healthy asset growth, increasing from $1,345,951 in 2020 to $1,613,990 in 2023.
- Liabilities remain low and stable, indicating strong financial health and low debt burden.
- Positive net income in most recent years, demonstrating operational sustainability (e.g., $82,717 surplus in 2023).
Frequently Asked Questions about Portland Yacht Club
Is Portland Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Yacht Club (EIN: 10143485) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Portland Yacht Club spend its money?
Portland Yacht Club directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Yacht Club tax-deductible?
Portland Yacht Club is registered as a tax-exempt nonprofit (EIN: 10143485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Yacht Club's spending goes to programs?
Portland Yacht Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Portland Yacht Club located?
Portland Yacht Club is headquartered in Falmouth, Maine and files with the IRS under EIN 10143485.
How many years of IRS 990 filings does Portland Yacht Club have?
Portland Yacht Club 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 $1.4M in total revenue.
What is the NTEE code and specific charitable mission of the Portland Yacht Club?
The NTEE code is currently unknown, making it difficult to precisely define its charitable mission beyond general recreational or social purposes. Further information from the organization would be needed.
How are expenses categorized beyond total expenses, specifically program, administrative, and fundraising?
The provided data only gives total revenue and expenses. A detailed breakdown of these expenses is not available, which limits the ability to assess spending efficiency in specific areas.
Is the 0% officer compensation accurate, or is executive compensation reported under other expense lines?
The filings consistently show 0% officer compensation. It is possible that executive roles are volunteer, or compensation is included in other expense categories, which would require further clarification from the organization.
Filing History
IRS 990 filing history for Portland Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland Yacht Club's revenue has grown by 56.8%, moving from $859K to $1.3M. Total assets increased by 26.4% over the same period, from $1.3M to $1.6M. Total functional expenses rose by 47.4%, from $858K to $1.3M. In its most recent filing year (2023), Portland Yacht Club reported a surplus of $83K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.6M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.6M | $18K | — | View 990 |
| 2022 | $1.3M | $1.2M | $1.5M | $21K | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.4M | $40K | — | — |
| 2020 | $1.2M | $998K | $1.3M | $37K | — | — |
| 2019 | $1.2M | $1.2M | $1.1M | $17K | — | View 990 |
| 2018 | $1.1M | $1.2M | $1.1M | $40K | — | View 990 |
| 2017 | $1.1M | $1.1M | $1.1M | $33K | — | View 990 |
| 2016 | $936K | $1.0M | $1.2M | $54K | — | View 990 |
| 2015 | $964K | $1.0M | $1.3M | $37K | — | View 990 |
| 2014 | $961K | $940K | $1.3M | $36K | — | View 990 |
| 2013 | $919K | $900K | $1.3M | $26K | — | View 990 |
| 2012 | $949K | $879K | $1.3M | $88K | — | View 990 |
| 2011 | $859K | $858K | $1.3M | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $1.6M (revenue +3.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $1.5M (revenue +7.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +1.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $998K, and assets of $1.3M (revenue -2.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +7.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $1.1M (revenue +5.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue +15.8% year-over-year).
- 2016: Revenue of $936K, expenses of $1.0M, and assets of $1.2M (revenue -2.9% year-over-year).
- 2015: Revenue of $964K, expenses of $1.0M, and assets of $1.3M (revenue +0.3% year-over-year).
- 2014: Revenue of $961K, expenses of $940K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2013: Revenue of $919K, expenses of $900K, and assets of $1.3M (revenue -3.2% year-over-year).
- 2012: Revenue of $949K, expenses of $879K, and assets of $1.3M (revenue +10.5% year-over-year).
- 2011: Revenue of $859K, expenses of $858K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Yacht Club:
Data Sources and Methodology
This transparency report for Portland 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.