Yarmouth Colts Soccer Club Ltd
Yarmouth Colts Soccer Club maintains stable assets and zero liabilities despite recent operating deficits, with no officer compensation.
EIN: 10478682 · Yarmouth, ME · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $119K |
| Program Spending | 85% |
| Net Assets | $47K |
| Transparency Score | 88/100 |
Is Yarmouth Colts Soccer Club Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yarmouth Colts Soccer Club Ltd directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yarmouth Colts Soccer Club Ltd
Yarmouth Colts Soccer Club Ltd (EIN: 10478682) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code N64. The organization reported total revenue of $130K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yarmouth Colts Soccer Club Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yarmouth Colts Soccer Club Ltd is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $119K |
| Surplus / Deficit | $-12,538 |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | -11.8% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Yarmouth Colts Soccer Club Ltd reported a deficit of $13K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate).
Financial Trends
Over 4 years of filings (2020–2023), Yarmouth Colts Soccer Club Ltd's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | -15.1% | -21.1% |
| 2022 | -1.6% | +31.7% | -19.3% |
| 2021 | +65.3% | +93.9% | +84.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
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 Yarmouth Colts Soccer Club Ltd with a Mission Score of 88 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, Yarmouth Colts Soccer Club Ltd 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 deficit of $13K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-driven leadership model, which is highly efficient for a nonprofit of this size and ensures funds are directed towards programs.
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 Yarmouth Colts Soccer Club Ltd's IRS 990 filings:
- Operating deficits in the last two reported periods (2022 and 2023) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Yarmouth Colts Soccer Club Ltd:
- Consistent reporting of 0% officer compensation, indicating high efficiency and volunteer leadership.
- Maintains zero liabilities across all reported periods, demonstrating strong financial management.
- Healthy and growing asset base, from $39,794 in 2020 to $58,230 currently.
- Consistent IRS 990 filing history, indicating transparency and compliance.
Frequently Asked Questions about Yarmouth Colts Soccer Club Ltd
Is Yarmouth Colts Soccer Club Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Yarmouth Colts Soccer Club Ltd (EIN: 10478682) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Yarmouth Colts Soccer Club Ltd spend its money?
Yarmouth Colts Soccer Club Ltd directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yarmouth Colts Soccer Club Ltd tax-deductible?
Yarmouth Colts Soccer Club Ltd is registered as a tax-exempt nonprofit (EIN: 10478682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Yarmouth Colts Soccer Club Ltd's spending goes to programs?
Yarmouth Colts Soccer Club Ltd directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Yarmouth Colts Soccer Club Ltd compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Yarmouth Colts Soccer Club Ltd is above average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Yarmouth Colts Soccer Club Ltd located?
Yarmouth Colts Soccer Club Ltd is headquartered in Yarmouth, Maine and files with the IRS under EIN 10478682. It is classified under NTEE code N64.
How many years of IRS 990 filings does Yarmouth Colts Soccer Club Ltd have?
Yarmouth Colts Soccer Club Ltd has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $130K in total revenue.
Is Yarmouth Colts Soccer Club Ltd a good charity?
Based on the available data, Yarmouth Colts Soccer Club Ltd appears to be a good charity. It maintains a healthy asset base ($58,230), consistently reports zero liabilities, and most notably, pays 0% in officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's assets have generally grown from $39,794 in 2020 to $58,230 currently, indicating financial stability. While it experienced operating deficits in 2022 (expenses exceeded revenue by $14,232) and 2023 (expenses exceeded revenue by $12,538), these have been managed without incurring liabilities and within its asset base.
What is the organization's approach to executive compensation?
Yarmouth Colts Soccer Club Ltd has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means that its leadership is likely volunteer-based, ensuring that all revenue is directed towards the club's programs and operations.
Filing History
IRS 990 filing history for Yarmouth Colts Soccer Club Ltd showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Yarmouth Colts Soccer Club Ltd's revenue has grown by 37.4%, moving from $77K to $106K. Total assets increased by 17.6% over the same period, from $40K to $47K. Total functional expenses rose by 116.7%, from $55K to $119K. In its most recent filing year (2023), Yarmouth Colts Soccer Club Ltd reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $119K | $47K | $0 | — | — |
| 2022 | $126K | $140K | $59K | $0 | — | — |
| 2021 | $128K | $106K | $74K | $0 | — | — |
| 2020 | $77K | $55K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $119K, and assets of $47K (revenue -15.5% year-over-year).
- 2022: Revenue of $126K, expenses of $140K, and assets of $59K (revenue -1.6% year-over-year).
- 2021: Revenue of $128K, expenses of $106K, and assets of $74K (revenue +65.3% year-over-year).
- 2020: Revenue of $77K, expenses of $55K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yarmouth Colts Soccer Club Ltd:
Data Sources and Methodology
This transparency report for Yarmouth Colts Soccer Club Ltd 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.