Quayside Yacht Club Inc
Quayside Yacht Club Inc. maintains strong financial health with growing assets and no liabilities, driven by volunteer leadership.
EIN: 20400660 · Center Harbor, NH · NTEE: N5XZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $68K |
| Program Spending | 90% |
| Net Assets | $221K |
| Transparency Score | 92/100 |
Is Quayside Yacht Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quayside Yacht Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quayside Yacht Club Inc
Quayside Yacht Club Inc (EIN: 20400660) is a nonprofit organization based in Center Harbor, NH, classified under NTEE code N5XZ. The organization reported total revenue of $93K and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quayside Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quayside Yacht Club Inc is a micro nonprofit that has been operating for 39 years, with 15 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $68K |
| Surplus / Deficit | +$16K |
| Total Assets | $221K |
| Net Assets | $221K |
| Operating Margin | 19.3% |
| Months of Reserves | 38.8 months |
Financial Health Grade: A
In 2024, Quayside Yacht Club Inc reported a surplus of $16K with revenue exceeding expenses, holds 38.8 months of operating reserves (strong position).
Financial Trends
Over 15 years of filings (2011–2024), Quayside Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.0% | +18.7% | +6.3% |
| 2023 | +21.6% | -7.3% | +14.0% |
| 2022 | +7.0% | +8.3% | +3.5% |
| 2021 | +5031.6% | +1370.8% | +3.8% |
| 2020 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Quayside Yacht Club Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Quayside Yacht Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This significantly reduces administrative overhead and allows more resources to be directed towards the club's activities.
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.
Strengths
The following positive indicators were identified for Quayside Yacht Club Inc:
- Consistent zero liabilities across all filings
- Steady growth in assets from $136,001 (2016) to $221,079 (2024)
- 0% officer compensation, indicating volunteer leadership and low administrative costs
- Positive net income in most recent periods, demonstrating financial sustainability (e.g., $16,385 in 2024)
- Strong balance sheet with assets significantly exceeding liabilities
Frequently Asked Questions about Quayside Yacht Club Inc
Is Quayside Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quayside Yacht Club Inc (EIN: 20400660) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Quayside Yacht Club Inc spend its money?
Quayside Yacht Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quayside Yacht Club Inc tax-deductible?
Quayside Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 20400660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Quayside Yacht Club Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Quayside Yacht Club Inc is above average for NTEE category N5XZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quayside Yacht Club Inc located?
Quayside Yacht Club Inc is headquartered in Center Harbor, New Hampshire and files with the IRS under EIN 20400660. It is classified under NTEE code N5XZ.
How many years of IRS 990 filings does Quayside Yacht Club Inc have?
Quayside Yacht Club Inc has 15 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 $93K in total revenue.
Is Quayside Yacht Club Inc. a good charity?
Based on the financial data, Quayside Yacht Club Inc. appears to be a well-managed organization. It consistently maintains zero liabilities, has growing assets, and operates with volunteer leadership, which suggests efficient use of funds.
How has the organization's financial stability changed over time?
The organization's financial stability has improved significantly, with assets growing from $136,001 in 2016 to $221,079 in 2024, and consistently reporting zero liabilities.
What is the trend in revenue and expenses?
Revenue has generally trended upwards in recent years, reaching $84,679 in 2024, while expenses have remained controlled, leading to positive net income in most periods, such as $16,385 in 2024 ($84,679 revenue - $68,294 expenses).
Filing History
IRS 990 filing history for Quayside Yacht Club Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2024), Quayside Yacht Club Inc's revenue has grown by 7.4%, moving from $79K to $85K. Total assets increased by 70.2% over the same period, from $130K to $221K. Total functional expenses rose by 50.1%, from $45K to $68K. In its most recent filing year (2024), Quayside Yacht Club Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $85K | $68K | $221K | $0 | — | — |
| 2023 | $83K | $58K | $208K | $0 | — | — |
| 2022 | $68K | $62K | $182K | $0 | — | View 990 |
| 2021 | $64K | $57K | $176K | $0 | — | View 990 |
| 2020 | $1K | $4K | $170K | $0 | — | View 990 |
| 2020 | $1K | $4K | $170K | $0 | — | View 990 |
| 2019 | $69K | $52K | $172K | $0 | — | View 990 |
| 2018 | $68K | $71K | $156K | $0 | — | View 990 |
| 2017 | $142K | $119K | $158K | $0 | — | View 990 |
| 2016 | $145K | $169K | $136K | $0 | — | View 990 |
| 2015 | $142K | $148K | $160K | $0 | — | View 990 |
| 2014 | $68K | $45K | $166K | $0 | — | View 990 |
| 2013 | $58K | $60K | $143K | $0 | — | View 990 |
| 2012 | $75K | $61K | $144K | $0 | — | View 990 |
| 2011 | $79K | $45K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $85K, expenses of $68K, and assets of $221K (revenue +2.0% year-over-year).
- 2023: Revenue of $83K, expenses of $58K, and assets of $208K (revenue +21.6% year-over-year).
- 2022: Revenue of $68K, expenses of $62K, and assets of $182K (revenue +7.0% year-over-year).
- 2021: Revenue of $64K, expenses of $57K, and assets of $176K (revenue +5031.6% year-over-year).
- 2020: Revenue of $1K, expenses of $4K, and assets of $170K (revenue +0.0% year-over-year).
- 2020: Revenue of $1K, expenses of $4K, and assets of $170K (revenue -98.2% year-over-year).
- 2019: Revenue of $69K, expenses of $52K, and assets of $172K (revenue +1.6% year-over-year).
- 2018: Revenue of $68K, expenses of $71K, and assets of $156K (revenue -52.0% year-over-year).
- 2017: Revenue of $142K, expenses of $119K, and assets of $158K (revenue -2.1% year-over-year).
- 2016: Revenue of $145K, expenses of $169K, and assets of $136K (revenue +1.8% year-over-year).
- 2015: Revenue of $142K, expenses of $148K, and assets of $160K (revenue +109.7% year-over-year).
- 2014: Revenue of $68K, expenses of $45K, and assets of $166K (revenue +16.2% year-over-year).
- 2013: Revenue of $58K, expenses of $60K, and assets of $143K (revenue -22.5% year-over-year).
- 2012: Revenue of $75K, expenses of $61K, and assets of $144K (revenue -4.7% year-over-year).
- 2011: Revenue of $79K, expenses of $45K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quayside Yacht Club Inc:
Data Sources and Methodology
This transparency report for Quayside 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.