Is Coveleigh Club Inc Legit?

Strengths

Consistent revenue growth over the past decade, from $5.56M in 2014 to $8.42M in 2023
Strong asset accumulation, growing from $15.73M in 2014 to $27.29M in 2023
Consistently operates with a surplus, indicating sound financial management (e.g., $1.77M surplus in 2023)
Low liabilities relative to assets, suggesting good financial health (e.g., $4.71M liabilities vs. $27.29M assets in 2023)

Spending Breakdown

How Coveleigh Club Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Coveleigh Club Inc

Is Coveleigh Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Coveleigh Club Inc (EIN: 131785692) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.

Is Coveleigh Club Inc a good charity to donate to?

Coveleigh Club Inc has a Mission Score of 70/100. Revenue: $9.0M. Assets: $27.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Coveleigh Club Inc?

The Employer Identification Number (EIN) for Coveleigh Club Inc is 131785692. 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 Coveleigh Club Inc spend its money?

Coveleigh Club Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Coveleigh Club Inc's tax-exempt status?

You can verify Coveleigh Club Inc's tax-exempt status using EIN 131785692 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

Coveleigh Club Inc. demonstrates consistent financial growth, with revenues increasing from $5.56 million in 2014 to $8.42 million in 2023, and assets growing from $15.73 million to $27.29 million over the same period. The organization consistently operates with a surplus, as evidenced by its revenues exceeding expenses in all reported years, indicating sound financial management. For instance, in 2023, revenue was $8,422,714 against expenses of $6,646,428, resulting in a significant surplus.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. The NTEE code is unknown, which further limits the ability to benchmark its operational focus against similar organizations. The consistent reporting of 0% officer compensation suggests that top leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which could be a positive indicator of resource allocation if true, but also warrants further investigation for complete transparency.

Overall, the organization appears financially stable and growing. Its consistent asset accumulation and positive net income trends suggest a well-managed entity. However, the lack of detailed expense categorization and an unknown NTEE code are areas where transparency could be improved to allow for a more thorough evaluation of its programmatic impact and operational efficiency.

Verdict: Coveleigh Club Inc appears trustworthy

Red Flags