Gaffney Country Club Inc
EIN: 562259121 · Blacksburg, SC · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $170K |
| Total Expenses | $135K |
| Net Assets | $92K |
Is Gaffney Country Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gaffney Country Club Inc
Gaffney Country Club Inc (EIN: 562259121) is a nonprofit organization based in Blacksburg, SC, classified under NTEE code N50. The organization reported total revenue of $170K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gaffney Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gaffney Country Club Inc is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $135K |
| Surplus / Deficit | +$31K |
| Total Assets | $108K |
| Total Liabilities | $15K |
| Net Assets | $92K |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2024, Gaffney Country Club Inc reported a surplus of $31K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), Gaffney Country Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.0% | +1.3% | +28.6% |
| 2023 | -2.8% | -0.7% | +0.3% |
| 2022 | +7.8% | -19.8% | +41.9% |
| 2021 | +18.1% | +31.3% | +17.8% |
| 2020 | -13.8% | +8.4% | -13.9% |
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 Analysis Pending
AI enrichment for Gaffney Country Club Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gaffney Country Club Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.3%.
Frequently Asked Questions about Gaffney Country Club Inc
Is Gaffney Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gaffney Country Club Inc (EIN: 562259121) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gaffney Country Club Inc spend its money?
Detailed spending breakdown data is not yet available for Gaffney Country Club Inc. Check back for updated IRS 990 analysis.
Are donations to Gaffney Country Club Inc tax-deductible?
Gaffney Country Club Inc is registered as a tax-exempt nonprofit (EIN: 562259121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gaffney Country Club Inc located?
Gaffney Country Club Inc is headquartered in Blacksburg, South Carolina and files with the IRS under EIN 562259121. It is classified under NTEE code N50.
How many years of IRS 990 filings does Gaffney Country Club Inc have?
Gaffney Country Club Inc has 12 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 $170K in total revenue.
Filing History
IRS 990 filing history for Gaffney Country Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Gaffney Country Club Inc's revenue has declined by 23.5%, moving from $217K to $166K. Total assets increased by 145.5% over the same period, from $44K to $108K. Total functional expenses fell by 34%, from $205K to $135K. In its most recent filing year (2024), Gaffney Country Club Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $15K in liabilities against $108K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $92K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $166K | $135K | $108K | $15K | — | — |
| 2023 | $158K | $133K | $84K | $22K | — | — |
| 2022 | $162K | $134K | $83K | $22K | — | — |
| 2021 | $151K | $167K | $59K | $22K | — | — |
| 2020 | $128K | $127K | $50K | $22K | — | — |
| 2019 | $148K | $117K | $58K | $30K | — | View 990 |
| 2017 | $190K | $188K | $15K | $2K | — | View 990 |
| 2016 | $197K | $201K | $19K | $14K | — | View 990 |
| 2015 | $223K | $232K | $19K | $9K | — | View 990 |
| 2014 | $266K | $270K | $31K | $6K | — | View 990 |
| 2013 | $253K | $265K | $33K | $4K | — | View 990 |
| 2012 | $217K | $205K | $44K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $166K, expenses of $135K, and assets of $108K (revenue +5.0% year-over-year).
- 2023: Revenue of $158K, expenses of $133K, and assets of $84K (revenue -2.8% year-over-year).
- 2022: Revenue of $162K, expenses of $134K, and assets of $83K (revenue +7.8% year-over-year).
- 2021: Revenue of $151K, expenses of $167K, and assets of $59K (revenue +18.1% year-over-year).
- 2020: Revenue of $128K, expenses of $127K, and assets of $50K (revenue -13.8% year-over-year).
- 2019: Revenue of $148K, expenses of $117K, and assets of $58K (revenue -22.0% year-over-year).
- 2017: Revenue of $190K, expenses of $188K, and assets of $15K (revenue -3.8% year-over-year).
- 2016: Revenue of $197K, expenses of $201K, and assets of $19K (revenue -11.6% year-over-year).
- 2015: Revenue of $223K, expenses of $232K, and assets of $19K (revenue -16.1% year-over-year).
- 2014: Revenue of $266K, expenses of $270K, and assets of $31K (revenue +5.0% year-over-year).
- 2013: Revenue of $253K, expenses of $265K, and assets of $33K (revenue +16.8% year-over-year).
- 2012: Revenue of $217K, expenses of $205K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gaffney Country Club Inc:
Data Sources and Methodology
This transparency report for Gaffney Country 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.