Is Cold Spring Country Club Inc Legit? —…

Quick charity verification for Cold Spring Country Club Inc (EIN: 111562881)

Red Flags

No NTEE code provided, making it difficult to understand the organization's charitable purpose.
Consistent reporting of $0 officer compensation, which is unusual for an organization of this size and revenue, potentially obscuring executive remuneration.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.

Spending Breakdown

How Cold Spring Country Club Inc allocates its funds across programs, administration, and fundraising.

Program Spending

Concerning — less than half to programs

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Cold Spring Country Club Inc

Is Cold Spring Country Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Cold Spring Country Club Inc (EIN: 111562881) shows mixed signals. Mission Score: 50/100. 3 red flags identified, 3 strengths noted.

Is Cold Spring Country Club Inc a good charity to donate to?

Cold Spring Country Club Inc has a Mission Score of 50/100. Revenue: $10.4M. Assets: $27.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cold Spring Country Club Inc?

The Employer Identification Number (EIN) for Cold Spring Country Club Inc is 111562881. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Cold Spring Country Club Inc spend its money?

Cold Spring Country Club Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cold Spring Country Club Inc's tax-exempt status?

You can verify Cold Spring Country Club Inc's tax-exempt status using EIN 111562881 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Cold Spring Country Club Inc. exhibits consistent financial growth, with revenue increasing from $6,695,670 in 2014 to $8,643,481 in 2023, and assets growing from $20,337,176 to $23,979,260 over the same period. The organization consistently reports zero officer compensation, which is unusual for an entity of its size and revenue, suggesting that key leadership roles might be compensated through other means or that the organization operates with a volunteer-led executive structure. This lack of reported officer compensation, while potentially indicating efficiency, also raises questions about the full picture of executive remuneration and could impact transparency if compensation is simply categorized differently.

The organization generally operates with a surplus, as seen in 2023 where revenue of $8,643,481 exceeded expenses of $7,883,471. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent growth in assets and revenue, coupled with a positive net income in most recent years, indicates a stable financial position. The liabilities have also shown an upward trend, reaching $10,491,794 in 2023, which warrants monitoring relative to asset growth.

Is Cold Spring Country Club Inc Legit?

Verdict: Cold Spring Country Club Inc shows mixed signals