Coveleigh Club Inc
Coveleigh Club Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 131785692 · Rye, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.0M |
| Total Expenses | $6.6M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $22.6M |
| Transparency Score | 70/100 |
Is Coveleigh Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coveleigh Club Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coveleigh Club Inc
Coveleigh Club Inc (EIN: 131785692) is a nonprofit organization based in Rye, NY. The organization reported total revenue of $9.0M and total assets of $27.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coveleigh Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coveleigh Club Inc is a mid-size nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.4M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $27.3M |
| Total Liabilities | $4.7M |
| Net Assets | $22.6M |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 49.3 months |
Financial Health Grade: A
In 2023, Coveleigh Club Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 49.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coveleigh Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +1.9% | +10.9% |
| 2022 | +13.3% | +10.9% | +7.6% |
| 2021 | +26.2% | +17.7% | +7.3% |
| 2020 | -11.9% | -13.1% | +2.6% |
| 2019 | +6.6% | -3.6% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Coveleigh Club Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Coveleigh Club Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its top leadership may be uncompensated volunteers or compensated through mechanisms not classified as 'officer compensation' on the 990 form. This is unusual for an organization of its size with nearly $9 million in annual revenue and over $27 million in assets, and could indicate a strong volunteer commitment or a need for further clarity on executive remuneration practices.
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 Coveleigh Club Inc's IRS 990 filings:
- Unknown NTEE code limits comparative analysis
- Lack of detailed expense breakdown (program, admin, fundraising) on available data
- Consistent 0% officer compensation for an organization of this size warrants further inquiry into executive remuneration practices
Strengths
The following positive indicators were identified for Coveleigh Club Inc:
- Consistent revenue growth over the past decade, from $5.56M in 2014 to $8.42M in 2023
- Strong asset accumulation, growing from $15.73M in 2014 to $27.29M in 2023
- Consistently operates with a surplus, indicating sound financial management (e.g., $1.77M surplus in 2023)
- Low liabilities relative to assets, suggesting good financial health (e.g., $4.71M liabilities vs. $27.29M assets in 2023)
Frequently Asked Questions about Coveleigh Club Inc
Is Coveleigh Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coveleigh Club Inc (EIN: 131785692) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Coveleigh Club Inc spend its money?
Coveleigh Club Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coveleigh Club Inc tax-deductible?
Coveleigh Club Inc is registered as a tax-exempt nonprofit (EIN: 131785692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Coveleigh Club Inc CEO make?
Coveleigh Club Inc's highest-compensated officer earns $9 annually. The organization reported $9.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Coveleigh Club Inc's spending goes to programs?
Coveleigh Club Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Coveleigh Club Inc located?
Coveleigh Club Inc is headquartered in Rye, New York and files with the IRS under EIN 131785692.
How many years of IRS 990 filings does Coveleigh Club Inc have?
Coveleigh Club 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 $9.0M in total revenue.
Is Coveleigh Club Inc. financially stable?
Yes, Coveleigh Club Inc. appears financially stable, consistently generating more revenue than expenses and accumulating assets. For example, in 2023, revenue was $8,422,714 against expenses of $6,646,428, and assets grew to $27,288,848.
How does Coveleigh Club Inc. compensate its executives?
The IRS 990 filings consistently report 0% officer compensation, which suggests that top executives may be uncompensated volunteers or compensated through other means not disclosed under this specific category on the form.
What is the trend in Coveleigh Club Inc.'s assets?
Coveleigh Club Inc. has shown a strong upward trend in assets, growing from $15,729,704 in 2014 to $27,288,848 in 2023, indicating significant financial growth and accumulation.
What is the organization's NTEE code and how does it impact analysis?
The NTEE code for Coveleigh Club Inc. is currently unknown. This limits the ability to benchmark its financial performance and operational focus against similar organizations within a specific sector, making a detailed comparative analysis challenging.
Filing History
IRS 990 filing history for Coveleigh Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coveleigh Club Inc's revenue has grown by 63.3%, moving from $5.2M to $8.4M. Total assets increased by 96.5% over the same period, from $13.9M to $27.3M. Total functional expenses rose by 43.1%, from $4.6M to $6.6M. In its most recent filing year (2023), Coveleigh Club Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $4.7M in liabilities against $27.3M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $22.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $6.6M | $27.3M | $4.7M | — | — |
| 2022 | $8.1M | $6.5M | $24.6M | $3.9M | — | View 990 |
| 2021 | $7.1M | $5.9M | $22.9M | $4.1M | — | View 990 |
| 2020 | $5.6M | $5.0M | $21.3M | $4.0M | — | — |
| 2019 | $6.4M | $5.7M | $20.8M | $4.0M | — | View 990 |
| 2018 | $6.0M | $6.0M | $20.5M | $4.3M | — | View 990 |
| 2017 | $5.8M | $5.3M | $20.1M | $4.1M | — | View 990 |
| 2016 | $6.3M | $5.0M | $19.5M | $4.2M | — | View 990 |
| 2015 | $5.6M | $4.5M | $17.2M | $3.5M | — | View 990 |
| 2014 | $5.6M | $4.9M | $15.7M | $3.2M | — | View 990 |
| 2013 | $5.7M | $4.7M | $15.1M | $3.2M | — | View 990 |
| 2012 | $4.8M | $4.5M | $14.1M | $3.3M | — | View 990 |
| 2011 | $5.2M | $4.6M | $13.9M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $6.6M, and assets of $27.3M (revenue +4.6% year-over-year).
- 2022: Revenue of $8.1M, expenses of $6.5M, and assets of $24.6M (revenue +13.3% year-over-year).
- 2021: Revenue of $7.1M, expenses of $5.9M, and assets of $22.9M (revenue +26.2% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.0M, and assets of $21.3M (revenue -11.9% year-over-year).
- 2019: Revenue of $6.4M, expenses of $5.7M, and assets of $20.8M (revenue +6.6% year-over-year).
- 2018: Revenue of $6.0M, expenses of $6.0M, and assets of $20.5M (revenue +2.9% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.3M, and assets of $20.1M (revenue -7.9% year-over-year).
- 2016: Revenue of $6.3M, expenses of $5.0M, and assets of $19.5M (revenue +12.8% year-over-year).
- 2015: Revenue of $5.6M, expenses of $4.5M, and assets of $17.2M (revenue +0.8% year-over-year).
- 2014: Revenue of $5.6M, expenses of $4.9M, and assets of $15.7M (revenue -2.8% year-over-year).
- 2013: Revenue of $5.7M, expenses of $4.7M, and assets of $15.1M (revenue +20.0% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.5M, and assets of $14.1M (revenue -7.6% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.6M, and assets of $13.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coveleigh Club Inc:
Data Sources and Methodology
This transparency report for Coveleigh 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.