Is Golf Club Of Purchase Inc Legit?

Quick charity verification for Golf Club Of Purchase Inc (EIN: 133863688)

Verdict: Golf Club Of Purchase Inc shows mixed signals

55/100Mission Score
$12.0MRevenue
$45.7MAssets
3Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

The Golf Club Of Purchase Inc, classified under NTEE code N50 (Recreational & Sporting Clubs), consistently reports zero officer compensation across all available filings, indicating a potential lack of transparency regarding executive benefits or that leadership roles are entirely volunteer-based. The organization has shown a pattern of operating at a deficit, with expenses exceeding revenue in every reported period. For instance, in 2023, expenses were $7,444,553 against revenues of $6,857,760, and in 2022, expenses were $7,051,054 against revenues of $5,879,905. This consistent deficit spending raises questions about long-term financial sustainability, although the organization maintains substantial assets, reported at $37,599,998 in 2023. The organization's liabilities have fluctuated, showing a significant decrease from $18,386,780 in 2020 to $1,864,836 in 2023, which is a positive trend in debt management. However, without a breakdown of program, administrative, and fundraising expenses, it is difficult to assess spending efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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