Sprite Island Yacht Club
EIN: 60674079 · Norwalk, CT · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $516K |
| Total Expenses | $444K |
| Net Assets | $686K |
Is Sprite Island 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 Sprite Island Yacht Club
Sprite Island Yacht Club (EIN: 60674079) is a nonprofit organization based in Norwalk, CT, classified under NTEE code N50. The organization reported total revenue of $516K and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sprite Island Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sprite Island Yacht Club is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $466K |
| Total Expenses | $444K |
| Surplus / Deficit | +$22K |
| Total Assets | $689K |
| Total Liabilities | $3K |
| Net Assets | $686K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Sprite Island Yacht Club reported a surplus of $22K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sprite Island Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +9.1% | +3.3% |
| 2022 | +7.5% | +7.9% | +2.0% |
| 2021 | -8.7% | +15.4% | +0.9% |
| 2020 | +29.7% | -5.2% | +26.9% |
| 2019 | +2.0% | +12.9% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sprite Island 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 Sprite Island 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Sprite Island Yacht Club
Is Sprite Island Yacht Club a legitimate charity?
Sprite Island Yacht Club (EIN: 60674079) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $516K. No red flags identified. Financial health grade: A.
How does Sprite Island Yacht Club spend its money?
Sprite Island Yacht Club reported $516K 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 Sprite Island Yacht Club tax-deductible?
Sprite Island Yacht Club is registered as a tax-exempt nonprofit (EIN: 60674079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sprite Island Yacht Club located?
Sprite Island Yacht Club is headquartered in Norwalk, Connecticut and files with the IRS under EIN 60674079. It is classified under NTEE code N50.
How many years of IRS 990 filings does Sprite Island Yacht Club have?
Sprite Island 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 $516K in total revenue.
Filing History
IRS 990 filing history for Sprite Island Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sprite Island Yacht Club's revenue has grown by 25%, moving from $373K to $466K. Total assets increased by 62.3% over the same period, from $424K to $689K. Total functional expenses rose by 26.9%, from $350K to $444K. In its most recent filing year (2023), Sprite Island Yacht Club reported a surplus of $22K, with revenue exceeding expenses. The organization holds $3K in liabilities against $689K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $686K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $444K | $689K | $3K | — | — |
| 2022 | $444K | $407K | $667K | $2K | — | View 990 |
| 2021 | $413K | $378K | $653K | $26K | — | View 990 |
| 2020 | $452K | $327K | $647K | $55K | — | View 990 |
| 2019 | $348K | $345K | $510K | $43K | — | View 990 |
| 2018 | $342K | $306K | $523K | $59K | — | View 990 |
| 2017 | $354K | $310K | $501K | $73K | — | View 990 |
| 2016 | $358K | $344K | $470K | $86K | — | View 990 |
| 2015 | $348K | $386K | $495K | $100K | — | View 990 |
| 2014 | $379K | $353K | $482K | $109K | — | View 990 |
| 2013 | $356K | $318K | $551K | $203K | — | View 990 |
| 2012 | $365K | $352K | $432K | $135K | — | View 990 |
| 2011 | $373K | $350K | $424K | $141K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $444K, and assets of $689K (revenue +5.1% year-over-year).
- 2022: Revenue of $444K, expenses of $407K, and assets of $667K (revenue +7.5% year-over-year).
- 2021: Revenue of $413K, expenses of $378K, and assets of $653K (revenue -8.7% year-over-year).
- 2020: Revenue of $452K, expenses of $327K, and assets of $647K (revenue +29.7% year-over-year).
- 2019: Revenue of $348K, expenses of $345K, and assets of $510K (revenue +2.0% year-over-year).
- 2018: Revenue of $342K, expenses of $306K, and assets of $523K (revenue -3.4% year-over-year).
- 2017: Revenue of $354K, expenses of $310K, and assets of $501K (revenue -1.2% year-over-year).
- 2016: Revenue of $358K, expenses of $344K, and assets of $470K (revenue +2.8% year-over-year).
- 2015: Revenue of $348K, expenses of $386K, and assets of $495K (revenue -8.2% year-over-year).
- 2014: Revenue of $379K, expenses of $353K, and assets of $482K (revenue +6.3% year-over-year).
- 2013: Revenue of $356K, expenses of $318K, and assets of $551K (revenue -2.4% year-over-year).
- 2012: Revenue of $365K, expenses of $352K, and assets of $432K (revenue -2.1% year-over-year).
- 2011: Revenue of $373K, expenses of $350K, and assets of $424K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sprite Island Yacht Club:
Data Sources and Methodology
This transparency report for Sprite Island 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.