Fisher Island Club Inc
Fisher Island Club Inc. maintains robust financial health with consistent revenue growth and substantial asset reserves.
EIN: 135679638 · Fishers Island, NY · NTEE: N50Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $10.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $22.3M |
| Transparency Score | 75/100 |
Is Fisher Island Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fisher Island Club Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fisher Island Club Inc
Fisher Island Club Inc (EIN: 135679638) is a nonprofit organization based in Fishers Island, NY, classified under NTEE code N50Z. The organization reported total revenue of $14.5M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fisher Island Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fisher Island Club Inc is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.9M |
| Total Expenses | $10.1M |
| Surplus / Deficit | +$811K |
| Total Assets | $26.9M |
| Total Liabilities | $4.6M |
| Net Assets | $22.3M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 31.9 months |
Financial Health Grade: A
In 2023, Fisher Island Club Inc reported a surplus of $811K with revenue exceeding expenses, holds 31.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fisher Island Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +5.3% | -0.5% |
| 2022 | -1.2% | +6.9% | +2.4% |
| 2021 | +46.2% | +15.6% | +1.7% |
| 2020 | -25.1% | -6.4% | -6.9% |
| 2019 | +3.0% | +7.8% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Fisher Island Club Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Fisher Island 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 $811K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is unusual for an organization of this size with annual revenues exceeding $10 million.
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 Fisher Island Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting efficiency analysis.
- Consistent 0% officer compensation for an organization of this size, which could warrant further inquiry into compensation structures.
Strengths
The following positive indicators were identified for Fisher Island Club Inc:
- Consistent positive net income, demonstrating strong financial management.
- Substantial and growing asset base, indicating financial stability and capacity.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Regular and extensive IRS 990 filing history, indicating good transparency practices.
- Significant revenue growth over the past few years, from $6.7M in 2014 to $10.9M in 2023.
Frequently Asked Questions about Fisher Island Club Inc
Is Fisher Island Club Inc a legitimate charity?
Fisher Island Club Inc (EIN: 135679638) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Fisher Island Club Inc spend its money?
Fisher Island Club Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Fisher Island Club Inc tax-deductible?
Fisher Island Club Inc is registered as a tax-exempt nonprofit (EIN: 135679638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fisher Island Club Inc CEO make?
Fisher Island Club Inc's highest-compensated officer earns $10 annually. The organization reported $14.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fisher Island Club Inc's spending goes to programs?
Fisher Island Club Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fisher Island Club Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fisher Island Club Inc is above average for NTEE category N50Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fisher Island Club Inc located?
Fisher Island Club Inc is headquartered in Fishers Island, New York and files with the IRS under EIN 135679638. It is classified under NTEE code N50Z.
How many years of IRS 990 filings does Fisher Island Club Inc have?
Fisher Island 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 $14.5M in total revenue.
What are the specific programs Fisher Island Club Inc. operates?
The provided data does not detail the specific programs or activities of Fisher Island Club Inc. Further investigation into their mission statement or website would be necessary to understand their programmatic focus.
How does Fisher Island Club Inc. manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation on the 990, or that the organization's structure does not involve paid officers in the traditional sense. This is a notable financial characteristic.
What is the purpose of Fisher Island Club Inc. given its NTEE code N50Z?
NTEE code N50Z typically refers to 'Recreational, Sports, Leisure, & Athletics, Other.' This suggests the organization's primary activities are related to providing recreational or leisure facilities and services, which aligns with the 'Club' in its name.
Filing History
IRS 990 filing history for Fisher Island Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fisher Island Club Inc's revenue has grown by 84.6%, moving from $5.9M to $10.9M. Total assets increased by 127.5% over the same period, from $11.8M to $26.9M. Total functional expenses rose by 85.3%, from $5.5M to $10.1M. In its most recent filing year (2023), Fisher Island Club Inc reported a surplus of $811K, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $26.9M in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $22.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.9M | $10.1M | $26.9M | $4.6M | — | — |
| 2022 | $9.7M | $9.6M | $27.0M | $5.5M | — | View 990 |
| 2021 | $9.8M | $9.0M | $26.4M | $5.0M | — | View 990 |
| 2020 | $6.7M | $7.8M | $25.9M | $5.4M | — | — |
| 2019 | $9.0M | $8.3M | $27.9M | $6.3M | — | View 990 |
| 2018 | $8.7M | $7.7M | $28.3M | $7.5M | — | View 990 |
| 2017 | $8.4M | $6.4M | $24.6M | $4.8M | — | View 990 |
| 2016 | $10.9M | $7.2M | $18.9M | $1.1M | — | View 990 |
| 2015 | $6.9M | $6.2M | $15.1M | $837K | — | View 990 |
| 2014 | $6.8M | $6.0M | $13.9M | $315K | — | View 990 |
| 2013 | $7.1M | $6.0M | $13.2M | $363K | — | View 990 |
| 2012 | $6.4M | $5.7M | $12.4M | $651K | — | View 990 |
| 2011 | $5.9M | $5.5M | $11.8M | $771K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.9M, expenses of $10.1M, and assets of $26.9M (revenue +12.2% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.6M, and assets of $27.0M (revenue -1.2% year-over-year).
- 2021: Revenue of $9.8M, expenses of $9.0M, and assets of $26.4M (revenue +46.2% year-over-year).
- 2020: Revenue of $6.7M, expenses of $7.8M, and assets of $25.9M (revenue -25.1% year-over-year).
- 2019: Revenue of $9.0M, expenses of $8.3M, and assets of $27.9M (revenue +3.0% year-over-year).
- 2018: Revenue of $8.7M, expenses of $7.7M, and assets of $28.3M (revenue +4.3% year-over-year).
- 2017: Revenue of $8.4M, expenses of $6.4M, and assets of $24.6M (revenue -23.2% year-over-year).
- 2016: Revenue of $10.9M, expenses of $7.2M, and assets of $18.9M (revenue +57.8% year-over-year).
- 2015: Revenue of $6.9M, expenses of $6.2M, and assets of $15.1M (revenue +2.0% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.0M, and assets of $13.9M (revenue -4.8% year-over-year).
- 2013: Revenue of $7.1M, expenses of $6.0M, and assets of $13.2M (revenue +10.1% year-over-year).
- 2012: Revenue of $6.4M, expenses of $5.7M, and assets of $12.4M (revenue +9.0% year-over-year).
- 2011: Revenue of $5.9M, expenses of $5.5M, and assets of $11.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fisher Island Club Inc:
Data Sources and Methodology
This transparency report for Fisher Island 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.