Comity Club Oration Prize Contest Fund
Comity Club Oration Prize Contest Fund consistently operates at a small deficit, slowly drawing down its modest assets.
EIN: 156014986 · Providence, RI · NTEE: B25I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $76 |
| Total Expenses | $166 |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 75/100 |
Is Comity Club Oration Prize Contest Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Comity Club Oration Prize Contest Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Comity Club Oration Prize Contest Fund
Comity Club Oration Prize Contest Fund (EIN: 156014986) is a nonprofit organization based in Providence, RI, classified under NTEE code B25I. The organization reported total revenue of $76 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Comity Club Oration Prize Contest Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Comity Club Oration Prize Contest Fund is a micro nonprofit that has been operating for 37 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $76 |
| Total Expenses | $166 |
| Surplus / Deficit | $-90 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | -118.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.0 months |
Financial Health Grade: B
In 2019, Comity Club Oration Prize Contest Fund reported a deficit of $90 with expenses exceeding revenue, holds 177.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Comity Club Oration Prize Contest Fund's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +0.0% | -5.1% | -22.0% |
| 2015 | -45.7% | +0.0% | -3.0% |
| 2014 | +27.3% | -2.2% | -1.0% |
| 2013 | -60.0% | +1.7% | -2.0% |
| 2012 | +40.3% | +8.0% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Comity Club Oration Prize Contest Fund with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Comity Club Oration Prize Contest Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $90, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of this size.
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.
Red Flags
The following concerns were identified during AI analysis of Comity Club Oration Prize Contest Fund's IRS 990 filings:
- Consistent deficit spending (expenses exceed revenue in all reported periods)
- Declining asset base over time (from $3,239 in 2011 to $2,448 in 2019)
Strengths
The following positive indicators were identified for Comity Club Oration Prize Contest Fund:
- Zero officer compensation, indicating high efficiency in leadership costs
- Consistent filing of IRS Form 990s, demonstrating transparency
- Very low liabilities ($1 in recent years), indicating sound financial management of debt
- Clear and focused mission as a prize fund
Frequently Asked Questions about Comity Club Oration Prize Contest Fund
Is Comity Club Oration Prize Contest Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Comity Club Oration Prize Contest Fund (EIN: 156014986) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Comity Club Oration Prize Contest Fund spend its money?
Comity Club Oration Prize Contest Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Comity Club Oration Prize Contest Fund tax-deductible?
Comity Club Oration Prize Contest Fund is registered as a tax-exempt nonprofit (EIN: 156014986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Comity Club Oration Prize Contest Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Comity Club Oration Prize Contest Fund is above average for NTEE category B25I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Comity Club Oration Prize Contest Fund located?
Comity Club Oration Prize Contest Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 156014986. It is classified under NTEE code B25I.
How many years of IRS 990 filings does Comity Club Oration Prize Contest Fund have?
Comity Club Oration Prize Contest Fund has 6 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 $76 in total revenue.
Is Comity Club Oration Prize Contest Fund a good charity?
Given its consistent operation, zero officer compensation, and clear purpose as a prize fund, it appears to be a well-managed, albeit very small, organization. Its consistent deficit spending, however, means it's not financially growing.
How does the organization sustain itself with consistent deficits?
The organization sustains itself by drawing down its assets. For example, in 2019, it had $76 in revenue but $166 in expenses, leading to a reduction in its asset base from $3,138 in 2015 to $2,448 in 2019.
What are the primary expenses of this organization?
While specific expense categories are not detailed, given its mission as an 'Oration Prize Contest Fund' and its NTEE code (B25I - Scholarship & Student Financial Aid), the primary expenses are likely related to the prize awards and minimal administrative costs associated with running the contest.
Filing History
IRS 990 filing history for Comity Club Oration Prize Contest Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Comity Club Oration Prize Contest Fund's revenue has declined by 61.2%, moving from $196 to $76. Total assets decreased by 24.4% over the same period, from $3K to $2K. Total functional expenses rose by 1.8%, from $163 to $166. In its most recent filing year (2019), Comity Club Oration Prize Contest Fund reported a deficit of $90, with expenses exceeding revenue. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $76 | $166 | $2K | $1 | — | View 990 |
| 2015 | $76 | $175 | $3K | $1 | — | View 990 |
| 2014 | $140 | $175 | $3K | $1 | — | View 990 |
| 2013 | $110 | $179 | $3K | $0 | — | View 990 |
| 2012 | $275 | $176 | $3K | $0 | — | View 990 |
| 2011 | $196 | $163 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $76, expenses of $166, and assets of $2K (revenue +0.0% year-over-year).
- 2015: Revenue of $76, expenses of $175, and assets of $3K (revenue -45.7% year-over-year).
- 2014: Revenue of $140, expenses of $175, and assets of $3K (revenue +27.3% year-over-year).
- 2013: Revenue of $110, expenses of $179, and assets of $3K (revenue -60.0% year-over-year).
- 2012: Revenue of $275, expenses of $176, and assets of $3K (revenue +40.3% year-over-year).
- 2011: Revenue of $196, expenses of $163, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Comity Club Oration Prize Contest Fund:
Data Sources and Methodology
This transparency report for Comity Club Oration Prize Contest Fund 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.