Quick charity verification for Islanders Hockey Club Inc (EIN: 20477033)
Verdict: Islanders Hockey Club Inc shows mixed signals
55/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Dramatic decline in revenue from $1,447,960 in 2018 to $9,200 in 2021.
Significant operating deficit in the latest filing (202103) with expenses ($71,400) far exceeding revenue ($9,200).
Assets have decreased from a high of $717,579 in 2018 to $339,263 in 2021, indicating a potential draw-down of reserves.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds in this area.
Historically managed significant revenues and expenses, demonstrating past operational capacity (e.g., $1.4M revenue in 2018).
Spending Breakdown
How Islanders Hockey Club Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Islanders Hockey Club Inc
Is Islanders Hockey Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Islanders Hockey Club Inc (EIN: 20477033) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Islanders Hockey Club Inc a good charity to donate to?
Islanders Hockey Club Inc has a Mission Score of 55/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Islanders Hockey Club Inc?
The Employer Identification Number (EIN) for Islanders Hockey Club Inc is 20477033. 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 Islanders Hockey Club Inc spend its money?
Islanders Hockey Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Islanders Hockey Club Inc's tax-exempt status?
You can verify Islanders Hockey Club Inc's tax-exempt status using EIN 20477033 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
Islanders Hockey Club Inc. has experienced significant financial fluctuations over the past decade. While the organization reported substantial revenues and expenses in the mid-2010s, with revenue peaking at $1,473,094 in 2015 and expenses at $1,252,088 in 2018, its financial activity has drastically declined in recent years. The latest available filing (202103) shows a revenue of only $9,200 against expenses of $71,400, indicating a substantial operating deficit. This trend suggests a significant scaling back of operations or a period of financial distress.
The organization's assets have also seen a decline, from a high of $717,579 in 2018 to $339,263 in 2021. A notable positive is the consistent reporting of zero officer compensation across all filings, which suggests efficient use of funds in that area. However, the dramatic drop in revenue and the current operating deficit raise concerns about the long-term sustainability and current operational capacity of the organization. Without more detailed expense breakdowns, it's challenging to fully assess spending efficiency beyond the lack of executive compensation.
Transparency appears to be adequate in terms of filing IRS 990s, but the lack of detailed program spending information makes it difficult for an external observer to fully understand where funds are being allocated. The significant decrease in financial activity from previous years to the most recent filings warrants further investigation to understand the underlying causes and future plans of the organization.