Wickford Sailing Association Inc
Wickford Sailing Association: Consistent Revenue Growth, but Administrative Spending Dominates
EIN: 222655514 · N Kingstown, RI · NTEE: N67Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $136K |
| Program Spending | 40% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $112K |
| Transparency Score | 75/100 |
Is Wickford Sailing Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wickford Sailing Association Inc directs 40% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Wickford Sailing Association Inc
Wickford Sailing Association Inc (EIN: 222655514) is a nonprofit organization based in N Kingstown, RI, classified under NTEE code N67Z. The organization reported total revenue of $169K and total assets of $125K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wickford Sailing Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wickford Sailing Association Inc is a small nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $136K |
| Surplus / Deficit | $-3,332 |
| Total Assets | $112K |
| Net Assets | $112K |
| Operating Margin | -2.5% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Wickford Sailing Association Inc reported a deficit of $3K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2010–2023), Wickford Sailing Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | +18.3% | -2.9% |
| 2022 | +56.1% | +46.9% | -12.8% |
| 2021 | +332.5% | +142.8% | -10.5% |
| 2020 | -83.0% | -58.8% | -10.7% |
| 2019 | +0.4% | +21.1% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Wickford Sailing Association 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: 45%
- programs: 40%
- fundraising: 15%
According to IRS 990 filings, Wickford Sailing Association Inc allocates its expenses as follows: admin: 45%, programs: 40%, fundraising: 15%. Only 40% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not disclosed in this section.
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 Wickford Sailing Association Inc's IRS 990 filings:
- Administrative expenses consistently exceed program expenses in recent years, with 2023 showing $135,937 in expenses against $132,605 in revenue, raising questions about operational efficiency.
- Despite revenue growth, the organization reported a net loss in 2023 ($132,605 revenue vs. $135,937 expenses), indicating spending outpaced income for the year.
Strengths
The following positive indicators were identified for Wickford Sailing Association Inc:
- Strong revenue growth from $14,502 in 2020 to $132,605 in 2023 demonstrates increasing community support and fundraising effectiveness.
- The organization maintains a healthy asset base, with assets consistently over $100,000, reaching $112,447 in 2023.
- Consistent reporting of $0 for lobbying expenses suggests a clear focus on its core mission without engaging in political advocacy.
Frequently Asked Questions about Wickford Sailing Association Inc
Is Wickford Sailing Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wickford Sailing Association Inc (EIN: 222655514) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Wickford Sailing Association Inc spend its money?
Wickford Sailing Association Inc directs 40% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wickford Sailing Association Inc tax-deductible?
Wickford Sailing Association Inc is registered as a tax-exempt nonprofit (EIN: 222655514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wickford Sailing Association Inc CEO make?
Wickford Sailing Association Inc's highest-compensated officer earns $0 annually. The organization reported $169K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wickford Sailing Association Inc's spending goes to programs?
Wickford Sailing Association Inc directs 40% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Wickford Sailing Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wickford Sailing Association Inc is above average for NTEE category N67Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wickford Sailing Association Inc located?
Wickford Sailing Association Inc is headquartered in N Kingstown, Rhode Island and files with the IRS under EIN 222655514. It is classified under NTEE code N67Z.
How many years of IRS 990 filings does Wickford Sailing Association Inc have?
Wickford Sailing Association Inc has 12 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 $169K in total revenue.
What does Wickford Sailing Association Inc do?
Wickford Sailing Association Inc is a nonprofit organization in the Recreation & Sports sector, located in N Kingstown, Rhode Island. It is classified under NTEE code N67Z.
How much revenue does Wickford Sailing Association Inc have?
Wickford Sailing Association Inc reported total revenue of $168,980. Based on 12 IRS 990 filings on record.
What are Wickford Sailing Association Inc's total assets?
Wickford Sailing Association Inc holds total assets of $125,352 as reported in IRS 990 filings.
Where is Wickford Sailing Association Inc located?
Wickford Sailing Association Inc is based in N Kingstown, Rhode Island.
What is Wickford Sailing Association Inc's EIN?
Wickford Sailing Association Inc's Employer Identification Number (EIN) is 222655514. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wickford Sailing Association Inc?
Wickford Sailing Association Inc is classified under NTEE code N67Z (Recreation & Sports).
Is Wickford Sailing Association Inc a registered 501(c)(3)?
Yes, Wickford Sailing Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 222655514.
Does Wickford Sailing Association Inc file IRS Form 990?
Yes, Wickford Sailing Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wickford Sailing Association Inc's revenue in 2023?
In the 202312 filing period, Wickford Sailing Association Inc reported total revenue of $132,605, total expenses of $135,937, and net assets of $112,447.
Is Wickford Sailing Association Inc's revenue growing or declining?
Wickford Sailing Association Inc's revenue is growing. Revenue went from $97,931 (202212) to $132,605 (202312), a +35.4% change. Based on 12 filings on record.
What is Wickford Sailing Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wickford Sailing Association Inc covers tax period 202312. It shows revenue of $132,605, expenses of $135,937, total assets of $112,447, and liabilities of N/A.
How much does Wickford Sailing Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Wickford Sailing Association Inc allocates approximately 40% of expenses to program services, 45% to administrative costs, and 15% to fundraising. Overhead costs appear high relative to program spending.
Is Wickford Sailing Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wickford Sailing Association Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Wickford Sailing Association Inc?
The following concerns were identified: Administrative expenses consistently exceed program expenses in recent years, with 2023 showing $135,937 in expenses against $132,605 in revenue, raising questions about operational efficiency.. Despite revenue growth, the organization reported a net loss in 2023 ($132,605 revenue vs. $135,937 expenses), indicating spending outpaced income for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wickford Sailing Association Inc's strengths?
Positive indicators for Wickford Sailing Association Inc include: Strong revenue growth from $14,502 in 2020 to $132,605 in 2023 demonstrates increasing community support and fundraising effectiveness.. The organization maintains a healthy asset base, with assets consistently over $100,000, reaching $112,447 in 2023.. Consistent reporting of $0 for lobbying expenses suggests a clear focus on its core mission without engaging in political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Wickford Sailing Association Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not disclosed in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for officer compensation, how does the organization ensure sustained leadership and operational management?
The consistent $0 compensation suggests a strong reliance on volunteer leadership or a structure where key personnel are compensated through non-reportable means, which could impact long-term sustainability if not adequately supported.
What specific strategies are in place to address the trend of administrative expenses exceeding program expenses, particularly in 2023 where total expenses ($135,937) surpassed revenue ($132,605)?
To improve financial efficiency, the organization should analyze its administrative cost structure and explore ways to reallocate resources towards program delivery or increase revenue to cover operational costs more effectively.
Filing History
IRS 990 filing history for Wickford Sailing Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Wickford Sailing Association Inc's revenue has grown by 97.5%, moving from $67K to $133K. Total assets increased by 73.6% over the same period, from $65K to $112K. Total functional expenses rose by 129.1%, from $59K to $136K. In its most recent filing year (2023), Wickford Sailing Association Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $136K | $112K | $0 | — | View 990 |
| 2022 | $98K | $115K | $116K | $0 | — | View 990 |
| 2021 | $63K | $78K | $133K | $0 | — | — |
| 2020 | $15K | $32K | $148K | $0 | — | — |
| 2019 | $85K | $78K | $166K | $0 | — | View 990 |
| 2018 | $85K | $65K | $159K | $0 | — | View 990 |
| 2017 | $69K | $67K | $139K | $0 | — | — |
| 2016 | $68K | $62K | $137K | $0 | — | View 990 |
| 2015 | $60K | $55K | $131K | $0 | — | View 990 |
| 2014 | $75K | $58K | $126K | $0 | — | View 990 |
| 2013 | $79K | $64K | $109K | $0 | — | View 990 |
| 2010 | $67K | $59K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $136K, and assets of $112K (revenue +35.4% year-over-year).
- 2022: Revenue of $98K, expenses of $115K, and assets of $116K (revenue +56.1% year-over-year).
- 2021: Revenue of $63K, expenses of $78K, and assets of $133K (revenue +332.5% year-over-year).
- 2020: Revenue of $15K, expenses of $32K, and assets of $148K (revenue -83.0% year-over-year).
- 2019: Revenue of $85K, expenses of $78K, and assets of $166K (revenue +0.4% year-over-year).
- 2018: Revenue of $85K, expenses of $65K, and assets of $159K (revenue +23.4% year-over-year).
- 2017: Revenue of $69K, expenses of $67K, and assets of $139K (revenue +0.8% year-over-year).
- 2016: Revenue of $68K, expenses of $62K, and assets of $137K (revenue +12.8% year-over-year).
- 2015: Revenue of $60K, expenses of $55K, and assets of $131K (revenue -18.8% year-over-year).
- 2014: Revenue of $75K, expenses of $58K, and assets of $126K (revenue -5.9% year-over-year).
- 2013: Revenue of $79K, expenses of $64K, and assets of $109K (revenue +18.0% year-over-year).
- 2010: Revenue of $67K, expenses of $59K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wickford Sailing Association Inc:
Data Sources and Methodology
This transparency report for Wickford Sailing Association 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.