Quick charity verification for Tuxedo Club Inc (EIN: 141129850)
Verdict: Tuxedo Club Inc shows mixed signals
65/100Mission Score
$12.4MRevenue
$21.6MAssets
4Red Flags
3Strengths
Red Flags
Consistent operational deficits in multiple years (e.g., 2023, 2020, 2019, 2018, 2017) where expenses exceeded revenue.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
NTEE code is unknown, making it difficult to understand the organization's specific charitable purpose and impact.
Consistent 0% officer compensation reported, which may obscure executive remuneration if it's categorized elsewhere.
Strengths
Substantial and stable asset base, reported at $21,897,367 in 2023, indicating financial resilience.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity.
Revenue growth from $7,573,166 in 2014 to $10,470,938 in 2023, indicating an expanding operational scale.
Spending Breakdown
How Tuxedo 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 Tuxedo Club Inc
Is Tuxedo Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tuxedo Club Inc (EIN: 141129850) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Tuxedo Club Inc a good charity to donate to?
Tuxedo Club Inc has a Mission Score of 65/100. Revenue: $12.4M. Assets: $21.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tuxedo Club Inc?
The Employer Identification Number (EIN) for Tuxedo Club Inc is 141129850. 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 Tuxedo Club Inc spend its money?
Tuxedo Club Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tuxedo Club Inc's tax-exempt status?
You can verify Tuxedo Club Inc's tax-exempt status using EIN 141129850 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
Tuxedo Club Inc. demonstrates a consistent financial pattern over the past decade, with revenues and expenses generally in the range of $7.5 million to $10.5 million. In the latest filing (202304), the organization reported expenses exceeding revenue by $366,100 ($10,837,038 expenses vs. $10,470,938 revenue), which is a slight deficit. However, this is not an isolated incident, as deficits were also observed in 2020, 2019, 2018, and 2017. Despite these occasional deficits, the organization maintains substantial assets, reported at $21,897,367 in 2023, indicating a strong financial foundation. The liabilities have shown some fluctuation but remain manageable relative to assets.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational scale suggests a stable, albeit sometimes tight, financial management approach. The absence of reported officer compensation across all filings is a notable point regarding transparency, as it could indicate either a volunteer-led executive structure or that compensation is reported under other categories not specified here.
Overall, Tuxedo Club Inc. appears to be a financially stable organization with significant assets. While it experiences periodic operational deficits, these do not seem to threaten its long-term viability given its asset base. Greater transparency regarding the allocation of expenses (program vs. administrative vs. fundraising) would allow for a more thorough evaluation of its spending efficiency and mission focus.