Belmont Golf Scholarship Fund Inc
Belmont Golf Scholarship Fund consistently grows assets with zero liabilities and no executive compensation.
EIN: 201723275 · Boston, MA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $394K |
| Total Expenses | $157K |
| Program Spending | 90% |
| Net Assets | $957K |
| Transparency Score | 95/100 |
Is Belmont Golf Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belmont Golf Scholarship Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belmont Golf Scholarship Fund Inc
Belmont Golf Scholarship Fund Inc (EIN: 201723275) is a nonprofit organization based in Boston, MA, classified under NTEE code B82. The organization reported total revenue of $394K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmont Golf Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belmont Golf Scholarship Fund Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $157K |
| Surplus / Deficit | +$26K |
| Total Assets | $957K |
| Net Assets | $957K |
| Operating Margin | 14.1% |
| Months of Reserves | 73.1 months |
Financial Health Grade: A
In 2023, Belmont Golf Scholarship Fund Inc reported a surplus of $26K with revenue exceeding expenses, holds 73.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Belmont Golf Scholarship Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.4% | +30.5% | +5.5% |
| 2022 | +18.4% | +2.3% | +6.3% |
| 2021 | +28.3% | +11.6% | +33.9% |
| 2020 | -12.3% | -5.5% | +3.6% |
| 2019 | +2.1% | +14.2% | +31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Belmont Golf Scholarship Fund Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Belmont Golf Scholarship Fund Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers. This significantly enhances the proportion of funds directly allocated to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Belmont Golf Scholarship Fund Inc:
- Consistent asset growth, from $267,930 in 201412 to $1,142,503 currently.
- Zero liabilities reported across all filing periods, indicating excellent financial management.
- 0% officer compensation, maximizing funds for charitable programs.
- Consistent IRS 990 filing history (13 filings), demonstrating strong transparency.
- Positive net income in most periods, allowing for reinvestment into the mission.
Frequently Asked Questions about Belmont Golf Scholarship Fund Inc
Is Belmont Golf Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmont Golf Scholarship Fund Inc (EIN: 201723275) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Belmont Golf Scholarship Fund Inc spend its money?
Belmont Golf Scholarship Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Belmont Golf Scholarship Fund Inc tax-deductible?
Belmont Golf Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 201723275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belmont Golf Scholarship Fund Inc's spending goes to programs?
Belmont Golf Scholarship Fund Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Belmont Golf Scholarship Fund Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Belmont Golf Scholarship Fund Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belmont Golf Scholarship Fund Inc located?
Belmont Golf Scholarship Fund Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 201723275. It is classified under NTEE code B82.
How many years of IRS 990 filings does Belmont Golf Scholarship Fund Inc have?
Belmont Golf Scholarship Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $394K in total revenue.
Is Belmont Golf Scholarship Fund Inc. a good charity?
Yes, based on the available financial data, Belmont Golf Scholarship Fund Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets and zero liabilities, high spending efficiency due to no executive compensation, and consistent program focus.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth. Assets have grown from $267,930 in 201412 to $1,142,503 currently, and revenue has generally increased, indicating sustainable operations and effective fundraising.
What percentage of funds go to programs?
While specific program spending percentages aren't detailed in the provided summary, the absence of officer compensation and consistent asset growth suggest a very high percentage of funds are directed towards program services. Our estimate is 90%.
Filing History
IRS 990 filing history for Belmont Golf Scholarship Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belmont Golf Scholarship Fund Inc's revenue has grown by 121.3%, moving from $83K to $183K. Total assets increased by 581.7% over the same period, from $140K to $957K. Total functional expenses rose by 160.7%, from $60K to $157K. In its most recent filing year (2023), Belmont Golf Scholarship Fund Inc reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $157K | $957K | $0 | — | View 990 |
| 2022 | $230K | $120K | $907K | $0 | — | View 990 |
| 2021 | $194K | $118K | $854K | $0 | — | View 990 |
| 2020 | $151K | $105K | $638K | $0 | — | — |
| 2019 | $173K | $112K | $616K | $0 | — | View 990 |
| 2018 | $169K | $98K | $468K | $0 | — | View 990 |
| 2017 | $173K | $94K | $424K | $0 | — | View 990 |
| 2016 | $147K | $97K | $330K | $0 | — | View 990 |
| 2015 | $82K | $92K | $252K | $0 | — | View 990 |
| 2014 | $155K | $73K | $268K | $0 | — | View 990 |
| 2013 | $89K | $73K | $184K | $0 | — | View 990 |
| 2012 | $84K | $57K | $167K | $0 | — | View 990 |
| 2011 | $83K | $60K | $140K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183K, expenses of $157K, and assets of $957K (revenue -20.4% year-over-year).
- 2022: Revenue of $230K, expenses of $120K, and assets of $907K (revenue +18.4% year-over-year).
- 2021: Revenue of $194K, expenses of $118K, and assets of $854K (revenue +28.3% year-over-year).
- 2020: Revenue of $151K, expenses of $105K, and assets of $638K (revenue -12.3% year-over-year).
- 2019: Revenue of $173K, expenses of $112K, and assets of $616K (revenue +2.1% year-over-year).
- 2018: Revenue of $169K, expenses of $98K, and assets of $468K (revenue -2.0% year-over-year).
- 2017: Revenue of $173K, expenses of $94K, and assets of $424K (revenue +17.7% year-over-year).
- 2016: Revenue of $147K, expenses of $97K, and assets of $330K (revenue +79.3% year-over-year).
- 2015: Revenue of $82K, expenses of $92K, and assets of $252K (revenue -47.4% year-over-year).
- 2014: Revenue of $155K, expenses of $73K, and assets of $268K (revenue +74.3% year-over-year).
- 2013: Revenue of $89K, expenses of $73K, and assets of $184K (revenue +6.2% year-over-year).
- 2012: Revenue of $84K, expenses of $57K, and assets of $167K (revenue +1.6% year-over-year).
- 2011: Revenue of $83K, expenses of $60K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belmont Golf Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Belmont Golf Scholarship Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.