Corinthian Yacht Club of Cape May
Public records raise at least one point you should look into before giving.
What it says it does
The purposes of the Club are to encourage the sport and art of sailing and racing, to provide wholesome recreation and competition for all ages and to maintain a suitable building for these activities.
- Income
- $1.1 million
- Spending
- $966,732
- Employees
- 47
- Volunteers
- 75
- Highest pay
- $145,411, club manager
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- The Club provides a dining facility and a full service bar for its members and their guests. Dinner and bar services are usually available three to five nights a week durinng the 8 to 10 weeks of the summer season and at least one night a week for an additional seven months.
- The Club provides sailing instruction for both children and adults. The childrens classes are held for eight weeks during the summer months. Ninety-seven children participated in the program. Adult classes are held one night a week for eight weeks as well as on Saturday mornings. Thirty adults participated in the lessons. All participants are given the opportunity to be involved in regattas.
- The Club sponsors sailing ragattas, sailboat races and other social events for members and their families. The sailing events occur in the summer months and include the Cape to Cape Race, the Avalon Cup, a weekly ocean race series and many MAYRA sailing competitions. The social events occur throughout the year and include Memorial Day Brunch, Mothers Day Brunch, Commodores Ball, Oyster Roast, Wine and Dine and many others.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(7) social or recreational club.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(7) social or recreational club as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1977.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.