Glens Falls Country Club Inc
Glens Falls Country Club Inc. consistently generates revenue surpluses and has grown assets by over 65% in a decade.
EIN: 140696490 · Queensbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $4.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.2M |
| Transparency Score | 60/100 |
Is Glens Falls Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glens Falls Country Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glens Falls Country Club Inc
Glens Falls Country Club Inc (EIN: 140696490) is a nonprofit organization based in Queensbury, NY. The organization reported total revenue of $5.8M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glens Falls Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glens Falls Country Club Inc is a mid-size nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$472K |
| Total Assets | $5.0M |
| Total Liabilities | $857K |
| Net Assets | $4.2M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Glens Falls Country Club Inc reported a surplus of $472K with revenue exceeding expenses, holds 13.3 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), Glens Falls Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +7.7% | +5.2% |
| 2022 | +2.7% | +9.8% | +14.8% |
| 2021 | +29.2% | +28.6% | +21.0% |
| 2020 | +10.9% | -3.0% | +17.7% |
| 2019 | +2.7% | +6.0% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Glens Falls Country Club Inc with a Mission Score of 60 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: 80%
- fundraising: 5%
According to IRS 990 filings, Glens Falls Country Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $472K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is unusual for an organization of its size with over $5 million in revenue.
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 Glens Falls Country Club Inc's IRS 990 filings:
- Unknown NTEE code for an organization of this size, making mission assessment difficult for a typical charity analysis.
- Consistent 0% officer compensation reported, which is unusual for an organization with over $5 million in annual revenue and assets, potentially obscuring executive remuneration.
- Nature of organization as a 'country club' suggests it primarily serves members, not the broader public, which is a red flag for those seeking to support traditional public charities.
Strengths
The following positive indicators were identified for Glens Falls Country Club Inc:
- Consistent revenue growth, from $2.7M in 2014 to $5.0M in 2023, indicating financial stability and increasing member engagement.
- Healthy asset growth, from $3.0M in 2014 to $5.0M in 2023, suggesting reinvestment and strong financial management.
- Consistent operational surpluses, with revenue exceeding expenses in most years (e.g., $5,007,456 revenue vs. $4,535,091 expenses in 2023), demonstrating fiscal prudence.
- Low liabilities relative to assets, with liabilities at $857,123 against assets of $5,044,330 in 2023, indicating a strong balance sheet.
Frequently Asked Questions about Glens Falls Country Club Inc
Is Glens Falls Country Club Inc a legitimate charity?
Glens Falls Country Club Inc (EIN: 140696490) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Glens Falls Country Club Inc spend its money?
Glens Falls Country Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Glens Falls Country Club Inc tax-deductible?
Glens Falls Country Club Inc is registered as a tax-exempt nonprofit (EIN: 140696490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glens Falls Country Club Inc CEO make?
Glens Falls Country Club Inc's highest-compensated officer earns $5 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Glens Falls Country Club Inc's spending goes to programs?
Glens Falls Country Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Glens Falls Country Club Inc located?
Glens Falls Country Club Inc is headquartered in Queensbury, New York and files with the IRS under EIN 140696490.
How many years of IRS 990 filings does Glens Falls Country Club Inc have?
Glens Falls Country 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 $5.8M in total revenue.
What is the specific tax-exempt status of Glens Falls Country Club Inc. (e.g., 501(c)(7)) and how does it align with its activities?
The provided data does not specify the exact 501(c) designation, but 'Country Club' strongly suggests it operates as a 501(c)(7) social club, which serves its members rather than the general public. This status allows for tax exemption on membership income but has restrictions on public fundraising and charitable activities.
How does Glens Falls Country Club Inc. define its 'program services' given its nature as a country club?
For a country club, 'program services' would typically encompass the direct costs associated with providing recreational facilities and services to its members, such as golf course maintenance, clubhouse operations, and member events. Without detailed functional expense breakdowns, the exact allocation is not visible.
Why is officer compensation consistently reported as 0% despite significant revenue and assets?
The consistent reporting of 0% officer compensation could indicate that the club's top leadership is entirely volunteer, or that compensation for key management is categorized differently (e.g., as salaries for employees rather than officers) on the 990, or paid by an affiliated entity. This warrants further investigation for clarity.
Filing History
IRS 990 filing history for Glens Falls Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glens Falls Country Club Inc's revenue has grown by 116%, moving from $2.3M to $5.0M. Total assets increased by 52.4% over the same period, from $3.3M to $5.0M. Total functional expenses rose by 87%, from $2.4M to $4.5M. In its most recent filing year (2023), Glens Falls Country Club Inc reported a surplus of $472K, with revenue exceeding expenses. The organization holds $857K in liabilities against $5.0M in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.5M | $5.0M | $857K | — | — |
| 2022 | $4.6M | $4.2M | $4.8M | $1.1M | — | View 990 |
| 2021 | $4.5M | $3.8M | $4.2M | $892K | — | View 990 |
| 2020 | $3.5M | $3.0M | $3.5M | $852K | — | — |
| 2019 | $3.2M | $3.1M | $2.9M | $850K | — | — |
| 2018 | $3.1M | $2.9M | $3.0M | $331K | — | View 990 |
| 2017 | $2.9M | $2.8M | $3.1M | $553K | — | — |
| 2016 | $2.8M | $2.7M | $3.1M | $527K | — | View 990 |
| 2015 | $2.8M | $2.7M | $3.1M | $603K | — | View 990 |
| 2014 | $2.8M | $2.6M | $3.0M | $648K | — | View 990 |
| 2013 | $2.6M | $2.6M | $3.1M | $782K | — | View 990 |
| 2012 | $2.4M | $2.5M | $3.1M | $790K | — | View 990 |
| 2011 | $2.3M | $2.4M | $3.3M | $840K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.5M, and assets of $5.0M (revenue +7.9% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.2M, and assets of $4.8M (revenue +2.7% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.8M, and assets of $4.2M (revenue +29.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.0M, and assets of $3.5M (revenue +10.9% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $2.9M (revenue +2.7% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.9M, and assets of $3.0M (revenue +7.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $3.1M (revenue +2.9% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $3.1M (revenue -2.2% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $3.1M (revenue +3.3% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.6M, and assets of $3.0M (revenue +4.1% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $3.1M (revenue +11.5% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $3.1M (revenue +2.4% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.4M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glens Falls Country Club Inc:
Data Sources and Methodology
This transparency report for Glens Falls 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.