Shrewsbury River Yacht Club Inc

Shrewsbury River Yacht Club Inc. maintains stable finances with consistent asset growth and no reported officer compensation.

EIN: 210651874 · Fair Haven, NJ · Updated: 2026-03-28

$631KRevenue

$1.4MAssets

75/100Mission Score (Good)

Is Shrewsbury River Yacht Club Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Shrewsbury River Yacht Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Shrewsbury River Yacht Club Inc

Shrewsbury River Yacht Club Inc (EIN: 210651874) is a nonprofit organization based in Fair Haven, NJ. The organization reported total revenue of $631K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shrewsbury River Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Shrewsbury River Yacht Club Inc. appears to be a financially stable organization, consistently operating with revenues closely matching or slightly exceeding expenses over the past decade. For instance, in 2023, revenue was $412,821 against expenses of $411,884, indicating a break-even operational model. The organization has shown significant asset growth, nearly doubling from $758,989 in 2014 to $1,457,821 in 2023, suggesting sound financial management and potentially reinvestment into its facilities or mission. Liabilities have also increased, particularly in recent years, reaching $640,882 in 2023, which warrants closer examination to understand their nature.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent near-zero net income suggests that most revenue is expended annually, aligning with a non-profit's operational model. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean executive structure, which can be a positive sign for efficiency and donor trust.

Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The lack of officer compensation is a notable transparent aspect. However, without a detailed NTEE code or a clear mission statement beyond its name, it's challenging to fully evaluate its program focus and impact. Further details on how expenses are categorized would enhance the understanding of its spending efficiency and overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Shrewsbury River 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Shrewsbury River Yacht Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers or receive no salary, which is a strong positive for financial efficiency.

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 Shrewsbury River Yacht Club Inc's IRS 990 filings:

Significant increase in liabilities from $142,920 in 2021 to $640,882 in 2023 without clear explanation.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.

Strengths

The following positive indicators were identified for Shrewsbury River Yacht Club Inc:

Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $412,821 vs. expenses $411,884).
Strong asset growth, nearly doubling from $758,989 in 2014 to $1,457,821 in 2023.
No reported officer compensation across all filings, indicating a volunteer-driven leadership or highly efficient executive structure.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency in reporting.

Frequently Asked Questions about Shrewsbury River Yacht Club Inc

Is Shrewsbury River Yacht Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Shrewsbury River Yacht Club Inc (EIN: 210651874) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does Shrewsbury River Yacht Club Inc spend its money?

Shrewsbury River Yacht Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Shrewsbury River Yacht Club Inc tax-deductible?

Shrewsbury River Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 210651874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What is the specific mission and program activities of the Shrewsbury River Yacht Club Inc.?

The provided data does not detail the specific mission or program activities beyond its name. Further investigation into its public profile or detailed 990 forms would be needed to understand its charitable purpose.

Why have liabilities significantly increased from $142,920 in 2021 to $640,882 in 2023?

The data shows a substantial increase in liabilities. This could be due to new debt, capital projects, or other financial obligations, and warrants further investigation into the specific nature of these liabilities.

How does the organization allocate its expenses between program services, administrative costs, and fundraising?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a complete assessment of spending efficiency.

Filing History

IRS 990 filing history for Shrewsbury River Yacht Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Shrewsbury River Yacht Club Inc's revenue has grown by 31.1%, moving from $315K to $413K. Total assets increased by 100.4% over the same period, from $727K to $1.5M. Total functional expenses rose by 60.6%, from $256K to $412K. In its most recent filing year (2023), Shrewsbury River Yacht Club Inc reported a surplus of $937, with revenue exceeding expenses. The organization holds $641K in liabilities against $1.5M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $817K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$413K	$412K	$1.5M	$641K	—	View 990
2022	$404K	$403K	$1.5M	$693K	—	View 990
2021	$373K	$292K	$958K	$143K	—	View 990
2020	$285K	$261K	$893K	$159K	—	—
2019	$315K	$319K	$854K	$144K	—	View 990
2018	$338K	$289K	$857K	$143K	—	View 990
2017	$325K	$281K	$808K	$143K	—	View 990
2016	$306K	$287K	$785K	$145K	—	View 990
2015	$286K	$273K	$770K	$152K	—	View 990
2014	$309K	$276K	$759K	$195K	—	View 990
2013	$298K	$270K	$747K	$217K	—	View 990
2012	$273K	$270K	$706K	$205K	—	View 990
2011	$315K	$256K	$727K	$229K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $413K, expenses of $412K, and assets of $1.5M (revenue +2.2% year-over-year).
2022: Revenue of $404K, expenses of $403K, and assets of $1.5M (revenue +8.1% year-over-year).
2021: Revenue of $373K, expenses of $292K, and assets of $958K (revenue +30.9% year-over-year).
2020: Revenue of $285K, expenses of $261K, and assets of $893K (revenue -9.6% year-over-year).
2019: Revenue of $315K, expenses of $319K, and assets of $854K (revenue -6.7% year-over-year).
2018: Revenue of $338K, expenses of $289K, and assets of $857K (revenue +3.9% year-over-year).
2017: Revenue of $325K, expenses of $281K, and assets of $808K (revenue +6.3% year-over-year).
2016: Revenue of $306K, expenses of $287K, and assets of $785K (revenue +7.1% year-over-year).
2015: Revenue of $286K, expenses of $273K, and assets of $770K (revenue -7.6% year-over-year).
2014: Revenue of $309K, expenses of $276K, and assets of $759K (revenue +3.8% year-over-year).
2013: Revenue of $298K, expenses of $270K, and assets of $747K (revenue +9.1% year-over-year).
2012: Revenue of $273K, expenses of $270K, and assets of $706K (revenue -13.2% year-over-year).
2011: Revenue of $315K, expenses of $256K, and assets of $727K.

Data Sources and Methodology

This transparency report for Shrewsbury River 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.