Quick charity verification for Greenwich Water Club Inc (EIN: 201379604)
Verdict: Greenwich Water Club Inc shows mixed signals
60/100Mission Score
$9.7MRevenue
$3KAssets
4Red Flags
2Strengths
Red Flags
Consistent zero net income, which is highly unusual for a nonprofit and may obscure financial details.
Extremely low assets relative to multi-million dollar revenues, raising questions about financial stability and capital investment.
Lack of clarity on how a multi-million dollar organization operates with 0% reported officer compensation.
The NTEE code N50 (Recreational, Sports, Leisure, & Athletics) combined with the financial data suggests it may function more as a private club than a public charity, which could impact its charitable intent.
Strengths
Consistent reporting of 0% officer compensation, indicating either volunteer leadership or a non-traditional compensation structure.
Stable revenue growth over the past decade, from $5.6 million in 2014 to $9.0 million in 2023.
Spending Breakdown
How Greenwich Water Club Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Greenwich Water Club Inc
Is Greenwich Water Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Water Club Inc (EIN: 201379604) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
Is Greenwich Water Club Inc a good charity to donate to?
Greenwich Water Club Inc has a Mission Score of 60/100. Revenue: $9.7M. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greenwich Water Club Inc?
The Employer Identification Number (EIN) for Greenwich Water Club Inc is 201379604. 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 Greenwich Water Club Inc spend its money?
Greenwich Water Club Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greenwich Water Club Inc's tax-exempt status?
You can verify Greenwich Water Club Inc's tax-exempt status using EIN 201379604 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
Greenwich Water Club Inc. exhibits a peculiar financial structure, consistently reporting zero net income across all available filings, with total revenue precisely matching total expenses. For example, in 2023, both revenue and expenses were $9,003,239. This pattern suggests the organization operates on a break-even model, which is unusual for a typical nonprofit and could indicate a pass-through entity or a highly efficient, non-accumulating operational model. The organization's assets are remarkably low, reported at $2,550 in 2023, which is negligible compared to its multi-million dollar revenue. This raises questions about how it sustains operations and manages any capital expenditures without significant asset holdings.
The consistent reporting of zero officer compensation across all filings is a notable aspect of its transparency. While this could indicate a volunteer-led executive team, it's also possible that compensation is structured in a way that isn't reported as 'officer compensation' on the 990, or that the organization's primary function doesn't involve traditional executive roles. The NTEE code N50 (Recreational, Sports, Leisure, & Athletics) suggests it might be a membership-based club, which could explain the break-even financials and low assets if it primarily facilitates activities rather than providing direct charitable services in the traditional sense. Further investigation into its specific activities and funding model would be necessary to fully understand its financial health and operational efficiency.