Quick charity verification for Larchmont Shore Club Corp (EIN: 131716709)
Verdict: Larchmont Shore Club Corp shows mixed signals
65/100Mission Score
$8.4MRevenue
$6.7MAssets
3Red Flags
3Strengths
Red Flags
Recurring operational deficits: Expenses frequently exceed revenue (e.g., 202312, 202212, 202209), which can erode reserves over time.
Fluctuating revenue: Revenue has varied significantly, from $1,492,606 in 202212 to $6,937,845 in 202312, indicating potential instability in income streams.
Lack of detailed expense breakdown: The provided data does not offer a granular breakdown of program, administrative, and fundraising expenses, limiting a full assessment of spending efficiency.
Strengths
No officer compensation: Consistently reporting 0% officer compensation across all filings demonstrates a strong commitment to minimizing executive overhead.
Strong asset base: The organization maintains substantial assets, ranging from $7.1 million to over $10 million in recent years, providing a financial cushion.
Manageable liabilities: Liabilities have generally remained at a reasonable level relative to assets, indicating good debt management.
Spending Breakdown
How Larchmont Shore Club Corp 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 Larchmont Shore Club Corp
Is Larchmont Shore Club Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Larchmont Shore Club Corp (EIN: 131716709) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Larchmont Shore Club Corp a good charity to donate to?
Larchmont Shore Club Corp has a Mission Score of 65/100. Revenue: $8.4M. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Larchmont Shore Club Corp?
The Employer Identification Number (EIN) for Larchmont Shore Club Corp is 131716709. 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 Larchmont Shore Club Corp spend its money?
Larchmont Shore Club Corp allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Larchmont Shore Club Corp's tax-exempt status?
You can verify Larchmont Shore Club Corp's tax-exempt status using EIN 131716709 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
Larchmont Shore Club Corp exhibits a fluctuating financial performance over the past few years. In the most recent filing (202312), the organization reported revenues of $6,937,845 against expenses of $7,902,577, indicating a deficit for the period. This trend of expenses exceeding revenue is also observed in several other recent periods, such as 202212 and 202209. While the organization maintains substantial assets, ranging from $7.1 million to over $10 million in recent years, the consistent operational deficits could raise concerns about long-term financial sustainability if not addressed. The organization's liabilities have generally remained manageable relative to its assets.
The provided data does not include a detailed breakdown of program, administrative, and fundraising expenses, which limits a comprehensive assessment of spending efficiency. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for transparency and resource allocation. Without more granular expense data, it's challenging to fully evaluate how efficiently funds are being directed towards its mission.
Overall, while the Larchmont Shore Club Corp appears to manage its liabilities well and has significant assets, the recurring operational deficits warrant closer examination. The lack of officer compensation is a strong point for transparency, but the absence of detailed spending categories in the provided data hinders a complete analysis of its spending efficiency and program focus.