CSCharityScored
73

Palmers Cove Yacht Club Inc

Other · Salem, Massachusetts

74 Leavitt St, Salem, MA 01970-5548

EIN: 041700347· Founded: May 1953· 73 years active· Filing Year: 2023

Annual Revenue

$515K

Total Expenses

$549K

Total Assets

$2.1M

Program Spending

79%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

Not reported

All officers, directors, and key employees combined

Other Salaries & Wages

$103K

Total Payroll

$103K

19% of total expenses

Where the Money Goes

79%
Programs: 79%
Payroll: 19%
Other overhead: 21%
Program Revenue$433K (84%)
Total Expenses$549K (100%)
Payroll$103K (19%)
Overhead (non-program)21%

Trust Score Breakdown

Program Spending Ratio

79% of expenses go to programs

40%

Revenue & Stability

$515K annual revenue

15%

Executive Compensation

Not reported

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$2.1M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.