Italian Social Club Of Rockville Inc
EIN: 60401908 · Vernon Rockvl, CT · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $127K |
| Net Assets | $-16,562 |
Is Italian Social Club Of Rockville Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Italian Social Club Of Rockville Inc
Italian Social Club Of Rockville Inc (EIN: 60401908) is a nonprofit organization based in Vernon Rockvl, CT, classified under NTEE code N50. The organization reported total revenue of $217K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Italian Social Club Of Rockville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Italian Social Club Of Rockville Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $127K |
| Surplus / Deficit | +$20K |
| Total Assets | $51K |
| Total Liabilities | $68K |
| Net Assets | $-16,562 |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 132.5% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, Italian Social Club Of Rockville Inc reported a surplus of $20K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 132.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Italian Social Club Of Rockville Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +24.6% | +51.2% |
| 2022 | +11.0% | +1.7% | +46.6% |
| 2021 | +92.1% | +48.8% | +5.3% |
| 2020 | -51.3% | -53.2% | +230.7% |
| 2019 | -14.3% | -2.1% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Italian Social Club Of Rockville 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 Italian Social Club Of Rockville 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 132.5%.
Frequently Asked Questions about Italian Social Club Of Rockville Inc
Is Italian Social Club Of Rockville Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Italian Social Club Of Rockville Inc (EIN: 60401908) insufficient data. 0 red flags identified, 0 strengths noted.
How does Italian Social Club Of Rockville Inc spend its money?
Detailed spending breakdown data is not yet available for Italian Social Club Of Rockville Inc. Check back for updated IRS 990 analysis.
Are donations to Italian Social Club Of Rockville Inc tax-deductible?
Italian Social Club Of Rockville Inc is registered as a tax-exempt nonprofit (EIN: 60401908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Italian Social Club Of Rockville Inc located?
Italian Social Club Of Rockville Inc is headquartered in Vernon Rockvl, Connecticut and files with the IRS under EIN 60401908. It is classified under NTEE code N50.
How many years of IRS 990 filings does Italian Social Club Of Rockville Inc have?
Italian Social Club Of Rockville 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 $217K in total revenue.
Filing History
IRS 990 filing history for Italian Social Club Of Rockville Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Italian Social Club Of Rockville Inc's revenue has grown by 23%, moving from $119K to $147K. Total assets decreased by 10% over the same period, from $57K to $51K. Total functional expenses fell by 12.5%, from $145K to $127K. In its most recent filing year (2023), Italian Social Club Of Rockville Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $68K in liabilities against $51K in assets (debt-to-asset ratio: 132.5%), resulting in net assets of $-16,562.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $127K | $51K | $68K | — | View 990 |
| 2022 | $112K | $102K | $34K | $70K | — | View 990 |
| 2021 | $101K | $100K | $23K | $70K | — | View 990 |
| 2020 | $53K | $67K | $22K | $69K | — | — |
| 2019 | $108K | $144K | $7K | $39K | — | — |
| 2018 | $126K | $147K | $6K | $3K | — | View 990 |
| 2017 | $150K | $153K | $26K | $2K | — | View 990 |
| 2016 | $155K | $143K | $30K | $3K | — | View 990 |
| 2015 | $143K | $139K | $18K | $2K | — | View 990 |
| 2014 | $125K | $126K | $14K | $2K | — | View 990 |
| 2013 | $114K | $123K | $15K | $2K | — | View 990 |
| 2012 | $99K | $130K | $24K | $3K | — | View 990 |
| 2011 | $119K | $145K | $57K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $127K, and assets of $51K (revenue +30.6% year-over-year).
- 2022: Revenue of $112K, expenses of $102K, and assets of $34K (revenue +11.0% year-over-year).
- 2021: Revenue of $101K, expenses of $100K, and assets of $23K (revenue +92.1% year-over-year).
- 2020: Revenue of $53K, expenses of $67K, and assets of $22K (revenue -51.3% year-over-year).
- 2019: Revenue of $108K, expenses of $144K, and assets of $7K (revenue -14.3% year-over-year).
- 2018: Revenue of $126K, expenses of $147K, and assets of $6K (revenue -15.7% year-over-year).
- 2017: Revenue of $150K, expenses of $153K, and assets of $26K (revenue -3.2% year-over-year).
- 2016: Revenue of $155K, expenses of $143K, and assets of $30K (revenue +8.0% year-over-year).
- 2015: Revenue of $143K, expenses of $139K, and assets of $18K (revenue +14.1% year-over-year).
- 2014: Revenue of $125K, expenses of $126K, and assets of $14K (revenue +9.9% year-over-year).
- 2013: Revenue of $114K, expenses of $123K, and assets of $15K (revenue +15.1% year-over-year).
- 2012: Revenue of $99K, expenses of $130K, and assets of $24K (revenue -16.9% year-over-year).
- 2011: Revenue of $119K, expenses of $145K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Italian Social Club Of Rockville Inc:
Data Sources and Methodology
This transparency report for Italian Social Club Of Rockville 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.