Quassapaug Sailing Center Inc
EIN: 481271027 · Middlebury, CT · NTEE: N67
Is Quassapaug Sailing Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quassapaug Sailing Center Inc
Quassapaug Sailing Center Inc (EIN: 481271027) is a nonprofit organization based in Middlebury, CT, classified under NTEE code N67. The organization reported total revenue of $168K and total assets of $723K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quassapaug Sailing Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Quassapaug Sailing Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Quassapaug Sailing Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Quassapaug Sailing Center Inc
Is Quassapaug Sailing Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quassapaug Sailing Center Inc (EIN: 481271027) insufficient data. 0 red flags identified, 0 strengths noted.
How does Quassapaug Sailing Center Inc spend its money?
Detailed spending breakdown data is not yet available for Quassapaug Sailing Center Inc. Check back for updated IRS 990 analysis.
Are donations to Quassapaug Sailing Center Inc tax-deductible?
Quassapaug Sailing Center Inc is registered as a tax-exempt nonprofit (EIN: 481271027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Quassapaug Sailing Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quassapaug Sailing Center Inc's revenue has grown by 72.1%, moving from $107K to $184K. Total assets increased by 24.9% over the same period, from $607K to $758K. Total functional expenses rose by 158.6%, from $76K to $197K. In its most recent filing year (2023), Quassapaug Sailing Center Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $320K in liabilities against $758K in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $437K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $184K | $197K | $758K | $320K | — | View 990 |
| 2022 | $181K | $185K | $787K | $336K | — | View 990 |
| 2021 | $190K | $190K | $805K | $351K | — | — |
| 2020 | $107K | $51K | $821K | $367K | — | View 990 |
| 2019 | $137K | $104K | $781K | $383K | — | View 990 |
| 2018 | $137K | $104K | $763K | $398K | — | View 990 |
| 2017 | $134K | $96K | $746K | $415K | — | View 990 |
| 2016 | $134K | $92K | $725K | $432K | — | View 990 |
| 2015 | $165K | $120K | $699K | $448K | — | View 990 |
| 2014 | $130K | $102K | $699K | $494K | — | View 990 |
| 2013 | $125K | $76K | $678K | $501K | — | View 990 |
| 2012 | $110K | $72K | $639K | $507K | — | View 990 |
| 2011 | $107K | $76K | $607K | $512K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $184K, expenses of $197K, and assets of $758K (revenue +1.4% year-over-year).
- 2022: Revenue of $181K, expenses of $185K, and assets of $787K (revenue -4.6% year-over-year).
- 2021: Revenue of $190K, expenses of $190K, and assets of $805K (revenue +77.4% year-over-year).
- 2020: Revenue of $107K, expenses of $51K, and assets of $821K (revenue -22.1% year-over-year).
- 2019: Revenue of $137K, expenses of $104K, and assets of $781K (revenue +0.6% year-over-year).
- 2018: Revenue of $137K, expenses of $104K, and assets of $763K (revenue +1.6% year-over-year).
- 2017: Revenue of $134K, expenses of $96K, and assets of $746K (revenue +0.4% year-over-year).
- 2016: Revenue of $134K, expenses of $92K, and assets of $725K (revenue -19.1% year-over-year).
- 2015: Revenue of $165K, expenses of $120K, and assets of $699K (revenue +27.5% year-over-year).
- 2014: Revenue of $130K, expenses of $102K, and assets of $699K (revenue +3.8% year-over-year).
- 2013: Revenue of $125K, expenses of $76K, and assets of $678K (revenue +14.0% year-over-year).
- 2012: Revenue of $110K, expenses of $72K, and assets of $639K (revenue +2.6% year-over-year).
- 2011: Revenue of $107K, expenses of $76K, and assets of $607K.
Data Sources and Methodology
This transparency report for Quassapaug Sailing Center 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.