Golf Club Of Purchase Inc

Golf Club Of Purchase Inc consistently operates at a deficit with zero reported officer compensation.

EIN: 133863688 · Purchase, NY · NTEE: N50 · Updated: 2026-03-28

$12.0MRevenue

$45.7MAssets

55/100Mission Score (Fair)

N50

About Golf Club Of Purchase Inc

Golf Club Of Purchase Inc (EIN: 133863688) is a nonprofit organization based in Purchase, NY, classified under NTEE code N50. The organization reported total revenue of $12.0M and total assets of $45.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golf Club Of Purchase Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Golf Club Of Purchase Inc, classified under NTEE code N50 (Recreational & Sporting Clubs), consistently reports zero officer compensation across all available filings, indicating a potential lack of transparency regarding executive benefits or that leadership roles are entirely volunteer-based. The organization has shown a pattern of operating at a deficit, with expenses exceeding revenue in every reported period. For instance, in 2023, expenses were $7,444,553 against revenues of $6,857,760, and in 2022, expenses were $7,051,054 against revenues of $5,879,905. This consistent deficit spending raises questions about long-term financial sustainability, although the organization maintains substantial assets, reported at $37,599,998 in 2023. The organization's liabilities have fluctuated, showing a significant decrease from $18,386,780 in 2020 to $1,864,836 in 2023, which is a positive trend in debt management. However, without a breakdown of program, administrative, and fundraising expenses, it is difficult to assess spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Golf Club Of Purchase Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Golf Club Of Purchase Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, which is unusual for an entity with significant revenue and assets. This could indicate that executive roles are unpaid or that compensation is structured in a way not captured under 'officer compensation' on the 990, potentially impacting transparency.

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 Golf Club Of Purchase Inc's IRS 990 filings:

Consistent operating deficits (e.g., $586,793 in 2023, $1,171,149 in 2022)
Lack of detailed spending breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment
Unusual 0% officer compensation reported for an organization of this size, potentially indicating a lack of transparency or alternative compensation structures.

Strengths

The following positive indicators were identified for Golf Club Of Purchase Inc:

Substantial asset base ($37,599,998 in 2023)
Significant reduction in liabilities from $16,270,455 in 2021 to $1,864,836 in 2023, indicating improved debt management.

Frequently Asked Questions about Golf Club Of Purchase Inc

Is Golf Club Of Purchase Inc a good charity?

As a recreational and sporting club (NTEE N50), its primary purpose is likely member services rather than broad public charity. Its consistent operating deficits and lack of detailed spending breakdown make it difficult to assess its 'goodness' in a traditional charitable sense.

Why does the organization consistently report 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. It could mean that executive positions are entirely volunteer, or that compensation is reported under different categories, or structured as non-cash benefits not disclosed in this section of the 990.

How does the organization sustain itself with consistent operating deficits?

Despite consistent operating deficits (e.g., $586,793 in 2023 and $1,171,149 in 2022), the organization maintains substantial assets ($37,599,998 in 2023). This suggests it may be drawing from reserves, receiving capital contributions, or managing depreciation, but the long-term sustainability of this model is questionable without further detail.

What caused the significant decrease in liabilities from 2021 to 2023?

Liabilities decreased dramatically from $16,270,455 in 2021 to $1,864,836 in 2023. This indicates a significant reduction in debt or other financial obligations, which is a positive financial development, but the specific reasons are not detailed in the provided data.

Filing History

IRS 990 filing history for Golf Club Of Purchase Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Golf Club Of Purchase Inc's revenue has grown by 17.2%, moving from $5.9M to $6.9M. Total assets decreased by 18.3% over the same period, from $46.0M to $37.6M. Total functional expenses rose by 9.5%, from $6.8M to $7.4M. In its most recent filing year (2023), Golf Club Of Purchase Inc reported a deficit of $587K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $37.6M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $35.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.9M	$7.4M	$37.6M	$1.9M	—	—
2022	$5.9M	$7.1M	$35.3M	$1.5M	—	—
2021	$5.3M	$5.6M	$35.6M	$16.3M	—	View 990
2020	$5.6M	$6.6M	$37.6M	$18.4M	—	View 990
2019	$6.4M	$7.3M	$39.0M	$18.9M	—	—
2018	$6.2M	$7.7M	$39.2M	$18.3M	—	View 990
2017	$6.4M	$7.3M	$40.5M	$18.2M	—	—
2016	$7.0M	$7.5M	$42.1M	$18.8M	—	View 990
2015	$6.3M	$7.1M	$43.0M	$19.0M	—	View 990
2014	$5.9M	$6.9M	$44.1M	$19.2M	—	View 990
2013	$6.2M	$6.9M	$44.3M	$18.6M	—	View 990
2012	$6.0M	$6.7M	$45.4M	$19.0M	—	View 990
2011	$5.9M	$6.8M	$46.0M	$18.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.9M, expenses of $7.4M, and assets of $37.6M (revenue +16.6% year-over-year).
2022: Revenue of $5.9M, expenses of $7.1M, and assets of $35.3M (revenue +10.3% year-over-year).
2021: Revenue of $5.3M, expenses of $5.6M, and assets of $35.6M (revenue -4.3% year-over-year).
2020: Revenue of $5.6M, expenses of $6.6M, and assets of $37.6M (revenue -12.6% year-over-year).
2019: Revenue of $6.4M, expenses of $7.3M, and assets of $39.0M (revenue +2.0% year-over-year).
2018: Revenue of $6.2M, expenses of $7.7M, and assets of $39.2M (revenue -2.4% year-over-year).
2017: Revenue of $6.4M, expenses of $7.3M, and assets of $40.5M (revenue -8.0% year-over-year).
2016: Revenue of $7.0M, expenses of $7.5M, and assets of $42.1M (revenue +10.7% year-over-year).
2015: Revenue of $6.3M, expenses of $7.1M, and assets of $43.0M (revenue +5.9% year-over-year).
2014: Revenue of $5.9M, expenses of $6.9M, and assets of $44.1M (revenue -4.4% year-over-year).
2013: Revenue of $6.2M, expenses of $6.9M, and assets of $44.3M (revenue +4.1% year-over-year).
2012: Revenue of $6.0M, expenses of $6.7M, and assets of $45.4M (revenue +1.7% year-over-year).
2011: Revenue of $5.9M, expenses of $6.8M, and assets of $46.0M.

Data Sources and Methodology

This transparency report for Golf Club Of Purchase 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.