Connecticut River Lacrosse Club Inc
Connecticut River Lacrosse Club Inc shows consistent growth and strong financial management with zero officer compensation.
EIN: 10597012 · Old Lyme, CT · NTEE: O50 · Updated: 2026-03-27
Is Connecticut River Lacrosse Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut River Lacrosse Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut River Lacrosse Club Inc
Connecticut River Lacrosse Club Inc (EIN: 10597012) is a nonprofit organization based in Old Lyme, CT, classified under NTEE code O50. The organization reported total revenue of $101K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut River Lacrosse Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut River Lacrosse Club Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $48K |
| Surplus / Deficit | +$15K |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | 24.0% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Connecticut River Lacrosse Club Inc reported a surplus of $15K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut River Lacrosse Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.9% | +0.3% | +31.6% |
| 2022 | +12.8% | +99.5% | +8.9% |
| 2021 | +15.4% | -45.3% | +99.1% |
| 2020 | +1.7% | -3.1% | -15.3% |
| 2019 | +3.3% | -21.5% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Connecticut River Lacrosse Club Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Connecticut River Lacrosse Club Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers, which is a strong positive for resource allocation.
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 Connecticut River Lacrosse Club Inc:
- Consistent revenue growth, with revenue increasing from $39,306 in 2019 to $63,404 in 2023.
- Positive asset growth, with assets increasing from $22,249 in 2020 to $63,478 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- No reported liabilities in any filing period, demonstrating strong financial stability.
- Consistent surplus generation in recent years, such as $15,228 in 2023 (Revenue $63,404 - Expenses $48,176).
Frequently Asked Questions about Connecticut River Lacrosse Club Inc
Is Connecticut River Lacrosse Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut River Lacrosse Club Inc (EIN: 10597012) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Connecticut River Lacrosse Club Inc spend its money?
Connecticut River Lacrosse Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut River Lacrosse Club Inc tax-deductible?
Connecticut River Lacrosse Club Inc is registered as a tax-exempt nonprofit (EIN: 10597012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Connecticut River Lacrosse Club Inc a good charity?
Based on the provided financial data, Connecticut River Lacrosse Club Inc appears to be a good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, suggesting efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Revenue has grown from $39,306 in 2019 to $63,404 in 2023, and assets have increased from $26,282 in 2019 to $63,478 in 2023, indicating a positive growth trajectory.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is unpaid, which maximizes the funds available for program services.
Filing History
IRS 990 filing history for Connecticut River Lacrosse Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut River Lacrosse Club Inc's revenue has grown by 24.8%, moving from $51K to $63K. Total assets increased by 530.7% over the same period, from $10K to $63K. Total functional expenses fell by 23.7%, from $63K to $48K. In its most recent filing year (2023), Connecticut River Lacrosse Club Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $48K | $63K | $0 | — | — |
| 2022 | $52K | $48K | $48K | $0 | — | View 990 |
| 2021 | $46K | $24K | $44K | $0 | — | View 990 |
| 2020 | $40K | $44K | $22K | $0 | — | — |
| 2019 | $39K | $45K | $26K | $0 | — | View 990 |
| 2018 | $38K | $58K | $32K | $0 | — | View 990 |
| 2017 | $58K | $26K | $52K | $0 | — | View 990 |
| 2016 | $50K | $54K | $20K | $0 | — | View 990 |
| 2015 | $57K | $53K | $24K | $0 | — | View 990 |
| 2014 | $58K | $56K | $20K | $0 | — | View 990 |
| 2013 | $64K | $52K | $18K | $0 | — | View 990 |
| 2012 | $67K | $71K | $6K | $0 | — | View 990 |
| 2011 | $51K | $63K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $48K, and assets of $63K (revenue +21.9% year-over-year).
- 2022: Revenue of $52K, expenses of $48K, and assets of $48K (revenue +12.8% year-over-year).
- 2021: Revenue of $46K, expenses of $24K, and assets of $44K (revenue +15.4% year-over-year).
- 2020: Revenue of $40K, expenses of $44K, and assets of $22K (revenue +1.7% year-over-year).
- 2019: Revenue of $39K, expenses of $45K, and assets of $26K (revenue +3.3% year-over-year).
- 2018: Revenue of $38K, expenses of $58K, and assets of $32K (revenue -34.7% year-over-year).
- 2017: Revenue of $58K, expenses of $26K, and assets of $52K (revenue +15.9% year-over-year).
- 2016: Revenue of $50K, expenses of $54K, and assets of $20K (revenue -11.6% year-over-year).
- 2015: Revenue of $57K, expenses of $53K, and assets of $24K (revenue -2.7% year-over-year).
- 2014: Revenue of $58K, expenses of $56K, and assets of $20K (revenue -8.4% year-over-year).
- 2013: Revenue of $64K, expenses of $52K, and assets of $18K (revenue -4.5% year-over-year).
- 2012: Revenue of $67K, expenses of $71K, and assets of $6K (revenue +31.5% year-over-year).
- 2011: Revenue of $51K, expenses of $63K, and assets of $10K.
Data Sources and Methodology
This transparency report for Connecticut River Lacrosse Club 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.