Is Cold Spring Harbor Beach Club Inc Legit?

Cold Spring Harbor Beach Club Inc. appears to operate with a consistent financial model, showing revenues closely matching expenses across most years. For instance, in 2023, revenues were $2,786,516 against expenses of $2,811,726, indicating a near break-even operation. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code being 'Unknown' also limits the ability to benchmark its financial performance against similar organizations. The organization's assets have fluctuated, reaching a high of $1,408,995 in 2018 before settling around $857,650 in 2023. Liabilities have remained relatively low, suggesting a healthy balance sheet without significant debt burdens. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency. However, the lack of specific program details in the provided data makes it difficult to fully evaluate its programmatic impact and mission effectiveness.