Racine Yacht Club
EIN: 390765762 · Racine, WI
| Metric | Value |
|---|---|
| Total Revenue | $943K |
| Total Expenses | $441K |
| Net Assets | $335K |
Is Racine Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Racine Yacht Club
Racine Yacht Club (EIN: 390765762) is a nonprofit organization based in Racine, WI. The organization reported total revenue of $943K and total assets of $691K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racine Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racine Yacht Club is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $509K |
| Total Expenses | $441K |
| Surplus / Deficit | +$68K |
| Total Assets | $600K |
| Total Liabilities | $265K |
| Net Assets | $335K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2024, Racine Yacht Club reported a surplus of $68K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Racine Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.5% | +2.4% | +14.5% |
| 2023 | +10.9% | +3.6% | +12.4% |
| 2022 | +19.3% | +23.1% | -1.0% |
| 2021 | -7.9% | -1.6% | +4.7% |
| 2020 | +8.3% | -0.4% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Racine Yacht Club 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 Racine Yacht Club 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.1%.
Frequently Asked Questions about Racine Yacht Club
Is Racine Yacht Club a legitimate charity?
Racine Yacht Club (EIN: 390765762) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $943K. No red flags identified. Financial health grade: A.
How does Racine Yacht Club spend its money?
Racine Yacht Club reported $943K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Racine Yacht Club tax-deductible?
Racine Yacht Club is registered as a tax-exempt nonprofit (EIN: 390765762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Racine Yacht Club located?
Racine Yacht Club is headquartered in Racine, Wisconsin and files with the IRS under EIN 390765762.
How many years of IRS 990 filings does Racine Yacht Club have?
Racine 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 $943K in total revenue.
Filing History
IRS 990 filing history for Racine Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Racine Yacht Club's revenue has grown by 50.5%, moving from $338K to $509K. Total assets increased by 8.4% over the same period, from $554K to $600K. Total functional expenses rose by 26.3%, from $349K to $441K. In its most recent filing year (2024), Racine Yacht Club reported a surplus of $68K, with revenue exceeding expenses. The organization holds $265K in liabilities against $600K in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $335K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $509K | $441K | $600K | $265K | — | View 990 |
| 2023 | $474K | $431K | $524K | $257K | — | View 990 |
| 2022 | $427K | $416K | $466K | $242K | — | — |
| 2021 | $358K | $338K | $471K | $258K | — | — |
| 2020 | $389K | $343K | $450K | $257K | — | View 990 |
| 2019 | $359K | $345K | $387K | $240K | — | View 990 |
| 2018 | $359K | $353K | $395K | $262K | — | View 990 |
| 2017 | $368K | $391K | $375K | $248K | — | View 990 |
| 2016 | $347K | $336K | $388K | $238K | — | View 990 |
| 2015 | $335K | $338K | $367K | $229K | — | View 990 |
| 2014 | $335K | $348K | $363K | $222K | — | View 990 |
| 2013 | $311K | $491K | $413K | $259K | — | View 990 |
| 2012 | $338K | $349K | $554K | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $509K, expenses of $441K, and assets of $600K (revenue +7.5% year-over-year).
- 2023: Revenue of $474K, expenses of $431K, and assets of $524K (revenue +10.9% year-over-year).
- 2022: Revenue of $427K, expenses of $416K, and assets of $466K (revenue +19.3% year-over-year).
- 2021: Revenue of $358K, expenses of $338K, and assets of $471K (revenue -7.9% year-over-year).
- 2020: Revenue of $389K, expenses of $343K, and assets of $450K (revenue +8.3% year-over-year).
- 2019: Revenue of $359K, expenses of $345K, and assets of $387K (revenue +-0.0% year-over-year).
- 2018: Revenue of $359K, expenses of $353K, and assets of $395K (revenue -2.4% year-over-year).
- 2017: Revenue of $368K, expenses of $391K, and assets of $375K (revenue +6.0% year-over-year).
- 2016: Revenue of $347K, expenses of $336K, and assets of $388K (revenue +3.7% year-over-year).
- 2015: Revenue of $335K, expenses of $338K, and assets of $367K (revenue -0.2% year-over-year).
- 2014: Revenue of $335K, expenses of $348K, and assets of $363K (revenue +7.8% year-over-year).
- 2013: Revenue of $311K, expenses of $491K, and assets of $413K (revenue -8.1% year-over-year).
- 2012: Revenue of $338K, expenses of $349K, and assets of $554K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racine Yacht Club:
Data Sources and Methodology
This transparency report for Racine 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.