Is Knickerbocker Club Inc Legit?

Red Flags

Recurring deficits where expenses exceed revenue (e.g., $13,222,992 expenses vs. $9,841,599 revenue in 2023).
Significant increase in liabilities from $1,212,972 in 2016 to $7,197,763 in 2023.
Declining asset base from $16,353,625 in 2018 to $10,732,156 in 2023.
Consistent reporting of 0% officer compensation, which may indicate a lack of transparency in executive remuneration.

Spending Breakdown

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

70%

Program Spending

Below average — room for improvement

20%

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 Knickerbocker Club Inc

Is Knickerbocker Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Knickerbocker Club Inc (EIN: 130923655) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.

Is Knickerbocker Club Inc a good charity to donate to?

Knickerbocker Club Inc has a Mission Score of 45/100. Revenue: $15.7M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Knickerbocker Club Inc?

The Employer Identification Number (EIN) for Knickerbocker Club Inc is 130923655. 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 Knickerbocker Club Inc spend its money?

Knickerbocker Club Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Knickerbocker Club Inc's tax-exempt status using EIN 130923655 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

The Knickerbocker Club Inc. exhibits a fluctuating financial performance over the past decade. While revenue has generally trended upwards, reaching $9,841,599 in 2023, expenses have often exceeded revenue, as seen in 2023 where expenses were $13,222,992, resulting in a significant deficit. This pattern of expenses outpacing revenue is also evident in 2020 and 2019. The organization's assets have shown a decline from a peak of $16,353,625 in 2018 to $10,732,156 in 2023, while liabilities have increased substantially, from $1,212,972 in 2016 to $7,197,763 in 2023. This indicates a potential reliance on debt or other obligations.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a lack of transparency regarding executive remuneration, or that officers are uncompensated, which is unusual for an organization of this size. The NTEE code is also unknown, which further limits understanding of its specific mission and how effectively it's deploying resources towards that mission.

Overall, the organization's financial health appears to be under pressure due to recurring deficits and increasing liabilities. The lack of detailed spending categories and executive compensation information in the provided data hinders a comprehensive assessment of its efficiency and transparency. Further investigation into the nature of its expenses and the specific activities it undertakes would be necessary for a complete picture.

Verdict: Knickerbocker Club Inc shows mixed signals