Winter Harbor Yacht Club
EIN: 263902562 · Winter Harbor, ME · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $296K |
| Net Assets | $594K |
Is Winter Harbor 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 Winter Harbor Yacht Club
Winter Harbor Yacht Club (EIN: 263902562) is a nonprofit organization based in Winter Harbor, ME, classified under NTEE code N50. The organization reported total revenue of $1.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winter Harbor Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winter Harbor Yacht Club is a mid-size nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $309K |
| Total Expenses | $296K |
| Surplus / Deficit | +$13K |
| Total Assets | $669K |
| Total Liabilities | $75K |
| Net Assets | $594K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 27.1 months |
Financial Health Grade: A
In 2023, Winter Harbor Yacht Club reported a surplus of $13K with revenue exceeding expenses, holds 27.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Winter Harbor Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | +7.8% | +14.0% |
| 2022 | +19.5% | +12.9% | +23.8% |
| 2021 | +43.4% | +31.2% | +17.7% |
| 2019 | +0.5% | -8.6% | +10.7% |
| 2018 | +4.7% | -0.8% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Winter Harbor 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 Winter Harbor 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Winter Harbor Yacht Club
Is Winter Harbor Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Winter Harbor Yacht Club (EIN: 263902562) insufficient data. 0 red flags identified, 0 strengths noted.
How does Winter Harbor Yacht Club spend its money?
Detailed spending breakdown data is not yet available for Winter Harbor Yacht Club. Check back for updated IRS 990 analysis.
Are donations to Winter Harbor Yacht Club tax-deductible?
Winter Harbor Yacht Club is registered as a tax-exempt nonprofit (EIN: 263902562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Winter Harbor Yacht Club located?
Winter Harbor Yacht Club is headquartered in Winter Harbor, Maine and files with the IRS under EIN 263902562. It is classified under NTEE code N50.
How many years of IRS 990 filings does Winter Harbor Yacht Club have?
Winter Harbor Yacht Club has 11 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Winter Harbor Yacht Club showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Winter Harbor Yacht Club's revenue has grown by 109.1%, moving from $148K to $309K. Total assets increased by 168.2% over the same period, from $249K to $669K. Total functional expenses rose by 103.5%, from $146K to $296K. In its most recent filing year (2023), Winter Harbor Yacht Club reported a surplus of $13K, with revenue exceeding expenses. The organization holds $75K in liabilities against $669K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $594K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $309K | $296K | $669K | $75K | — | View 990 |
| 2022 | $384K | $275K | $587K | $6K | — | View 990 |
| 2021 | $321K | $243K | $474K | $2K | — | View 990 |
| 2019 | $224K | $185K | $403K | $388 | — | View 990 |
| 2018 | $223K | $203K | $364K | $108 | — | View 990 |
| 2017 | $213K | $205K | $350K | $7K | — | View 990 |
| 2015 | $195K | $196K | $319K | $549 | — | View 990 |
| 2014 | $194K | $166K | $320K | $683 | — | View 990 |
| 2013 | $181K | $157K | $293K | $1K | — | View 990 |
| 2012 | $166K | $146K | $268K | $837 | — | View 990 |
| 2011 | $148K | $146K | $249K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $309K, expenses of $296K, and assets of $669K (revenue -19.6% year-over-year).
- 2022: Revenue of $384K, expenses of $275K, and assets of $587K (revenue +19.5% year-over-year).
- 2021: Revenue of $321K, expenses of $243K, and assets of $474K (revenue +43.4% year-over-year).
- 2019: Revenue of $224K, expenses of $185K, and assets of $403K (revenue +0.5% year-over-year).
- 2018: Revenue of $223K, expenses of $203K, and assets of $364K (revenue +4.7% year-over-year).
- 2017: Revenue of $213K, expenses of $205K, and assets of $350K (revenue +9.5% year-over-year).
- 2015: Revenue of $195K, expenses of $196K, and assets of $319K (revenue +0.2% year-over-year).
- 2014: Revenue of $194K, expenses of $166K, and assets of $320K (revenue +7.6% year-over-year).
- 2013: Revenue of $181K, expenses of $157K, and assets of $293K (revenue +9.0% year-over-year).
- 2012: Revenue of $166K, expenses of $146K, and assets of $268K (revenue +12.2% year-over-year).
- 2011: Revenue of $148K, expenses of $146K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winter Harbor Yacht Club:
Data Sources and Methodology
This transparency report for Winter Harbor 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.