Watch Hill Yacht Club Sailing Association
Watch Hill Yacht Club Sailing Association maintains stable assets with volunteer leadership, despite occasional expense fluctuations.
EIN: 205341997 · Westerly, RI · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $11K |
| Program Spending | 85% |
| Net Assets | $117K |
| Transparency Score | 85/100 |
Is Watch Hill Yacht Club Sailing Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watch Hill Yacht Club Sailing Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watch Hill Yacht Club Sailing Association
Watch Hill Yacht Club Sailing Association (EIN: 205341997) is a nonprofit organization based in Westerly, RI, classified under NTEE code O50. The organization reported total revenue of $22K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watch Hill Yacht Club Sailing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watch Hill Yacht Club Sailing Association is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $11K |
| Surplus / Deficit | +$5K |
| Total Assets | $117K |
| Net Assets | $117K |
| Operating Margin | 32.6% |
| Months of Reserves | 129.4 months |
Financial Health Grade: A
In 2023, Watch Hill Yacht Club Sailing Association reported a surplus of $5K with revenue exceeding expenses, holds 129.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Watch Hill Yacht Club Sailing Association's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +120.6% | -63.6% | +4.7% |
| 2022 | -77.3% | +645.6% | -16.7% |
| 2021 | +204.5% | +1.1% | +27.1% |
| 2020 | -20.9% | -15.5% | +6.7% |
| 2019 | +159.9% | -22.6% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Watch Hill Yacht Club Sailing Association with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Watch Hill Yacht Club Sailing Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's officers are unpaid volunteers, which is highly commendable for an organization of its size.
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 Watch Hill Yacht Club Sailing Association's IRS 990 filings:
- Significant expense exceeding revenue in 2022 ($29,825 expenses vs. $7,308 revenue) without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Watch Hill Yacht Club Sailing Association:
- Consistent asset growth from $90,507 in 2018 to $123,672 currently.
- Zero reported liabilities across all filing periods, indicating strong financial health.
- 0% officer compensation, demonstrating volunteer leadership and efficient use of funds.
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
- Generally low expenses relative to revenue in most years, suggesting efficient operations.
Frequently Asked Questions about Watch Hill Yacht Club Sailing Association
Is Watch Hill Yacht Club Sailing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Watch Hill Yacht Club Sailing Association (EIN: 205341997) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Watch Hill Yacht Club Sailing Association spend its money?
Watch Hill Yacht Club Sailing Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Watch Hill Yacht Club Sailing Association tax-deductible?
Watch Hill Yacht Club Sailing Association is registered as a tax-exempt nonprofit (EIN: 205341997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Watch Hill Yacht Club Sailing Association's spending goes to programs?
Watch Hill Yacht Club Sailing Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watch Hill Yacht Club Sailing Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Watch Hill Yacht Club Sailing Association is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watch Hill Yacht Club Sailing Association located?
Watch Hill Yacht Club Sailing Association is headquartered in Westerly, Rhode Island and files with the IRS under EIN 205341997. It is classified under NTEE code O50.
How many years of IRS 990 filings does Watch Hill Yacht Club Sailing Association have?
Watch Hill Yacht Club Sailing Association 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 $22K in total revenue.
Is Watch Hill Yacht Club Sailing Association a good charity?
Based on the available data, the Watch Hill Yacht Club Sailing Association appears to be a well-managed, transparent organization with volunteer leadership and no liabilities. Its consistent asset growth and strong program focus suggest it is a good charity, particularly for those interested in supporting its specific mission.
What caused the significant expense spike in 2022?
In 2022, the organization reported expenses of $29,825 against revenue of only $7,308. This significant disparity suggests a specific, potentially one-time, expenditure or project that was funded by prior year surpluses or specific grants. Further detail would require reviewing the full 990 filing for that year.
How does the organization sustain itself with volunteer leadership?
The consistent reporting of 0% officer compensation indicates that the organization relies entirely on volunteer leadership for its governance and potentially much of its operational management. This model is sustainable for smaller organizations with dedicated community support and a clear mission.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated significantly over the years, ranging from a low of $2,101 in 2015 to a high of $57,831 in 2014. More recently, it has been between $7,308 (2022) and $32,173 (2021), with the latest reported revenue at $21,844. This variability suggests reliance on diverse or project-specific funding sources.
Filing History
IRS 990 filing history for Watch Hill Yacht Club Sailing Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watch Hill Yacht Club Sailing Association's revenue has declined by 59.2%, moving from $40K to $16K. Total assets increased by 23.9% over the same period, from $95K to $117K. Total functional expenses rose by 33.7%, from $8K to $11K. In its most recent filing year (2023), Watch Hill Yacht Club Sailing Association reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $11K | $117K | $0 | — | — |
| 2022 | $7K | $30K | $112K | $0 | — | — |
| 2021 | $32K | $4K | $134K | $0 | — | — |
| 2020 | $11K | $4K | $106K | $0 | — | — |
| 2019 | $13K | $5K | $99K | $0 | — | View 990 |
| 2018 | $5K | $6K | $91K | $0 | — | View 990 |
| 2017 | $4K | $7K | $91K | $0 | — | View 990 |
| 2016 | $3K | $5K | $95K | $0 | — | View 990 |
| 2015 | $2K | $12K | $97K | $0 | — | View 990 |
| 2014 | $58K | $20K | $107K | $0 | — | View 990 |
| 2013 | $2K | $16K | $69K | $0 | — | View 990 |
| 2012 | $583 | $12K | $83K | $0 | — | View 990 |
| 2011 | $40K | $8K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $11K, and assets of $117K (revenue +120.6% year-over-year).
- 2022: Revenue of $7K, expenses of $30K, and assets of $112K (revenue -77.3% year-over-year).
- 2021: Revenue of $32K, expenses of $4K, and assets of $134K (revenue +204.5% year-over-year).
- 2020: Revenue of $11K, expenses of $4K, and assets of $106K (revenue -20.9% year-over-year).
- 2019: Revenue of $13K, expenses of $5K, and assets of $99K (revenue +159.9% year-over-year).
- 2018: Revenue of $5K, expenses of $6K, and assets of $91K (revenue +41.0% year-over-year).
- 2017: Revenue of $4K, expenses of $7K, and assets of $91K (revenue +44.7% year-over-year).
- 2016: Revenue of $3K, expenses of $5K, and assets of $95K (revenue +19.9% year-over-year).
- 2015: Revenue of $2K, expenses of $12K, and assets of $97K (revenue -96.4% year-over-year).
- 2014: Revenue of $58K, expenses of $20K, and assets of $107K (revenue +2801.7% year-over-year).
- 2013: Revenue of $2K, expenses of $16K, and assets of $69K (revenue +241.9% year-over-year).
- 2012: Revenue of $583, expenses of $12K, and assets of $83K (revenue -98.5% year-over-year).
- 2011: Revenue of $40K, expenses of $8K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watch Hill Yacht Club Sailing Association:
Data Sources and Methodology
This transparency report for Watch Hill Yacht Club Sailing Association 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.