Italian Workingmens Club Corp
EIN: 50297484 · Woonsocket, RI
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $182K |
| Net Assets | $791K |
Is Italian Workingmens Club Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Italian Workingmens Club Corp
Italian Workingmens Club Corp (EIN: 50297484) is a nonprofit organization based in Woonsocket, RI. The organization reported total revenue of $414K and total assets of $846K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Italian Workingmens Club Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Italian Workingmens Club Corp is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $182K |
| Surplus / Deficit | $-25,148 |
| Total Assets | $793K |
| Total Liabilities | $2K |
| Net Assets | $791K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 52.3 months |
Financial Health Grade: B
In 2023, Italian Workingmens Club Corp reported a deficit of $25K with expenses exceeding revenue, holds 52.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Italian Workingmens Club Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.1% | +20.4% | +8.2% |
| 2022 | +8.1% | +13.0% | -0.4% |
| 2021 | +103.8% | +7.5% | +15.2% |
| 2020 | -35.5% | -34.6% | -0.6% |
| 2019 | -3.9% | +8.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Italian Workingmens Club Corp 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 Workingmens Club Corp 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 deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Italian Workingmens Club Corp
Is Italian Workingmens Club Corp a legitimate charity?
Italian Workingmens Club Corp (EIN: 50297484) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $414K. No red flags identified. Financial health grade: B.
How does Italian Workingmens Club Corp spend its money?
Italian Workingmens Club Corp reported $414K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Italian Workingmens Club Corp tax-deductible?
Italian Workingmens Club Corp is registered as a tax-exempt nonprofit (EIN: 50297484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Italian Workingmens Club Corp located?
Italian Workingmens Club Corp is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 50297484.
How many years of IRS 990 filings does Italian Workingmens Club Corp have?
Italian Workingmens Club Corp has 14 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 $414K in total revenue.
Filing History
IRS 990 filing history for Italian Workingmens Club Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Italian Workingmens Club Corp's revenue has grown by 4.6%, moving from $150K to $157K. Total assets increased by 24.9% over the same period, from $635K to $793K. Total functional expenses rose by 30.9%, from $139K to $182K. In its most recent filing year (2023), Italian Workingmens Club Corp reported a deficit of $25K, with expenses exceeding revenue. The organization holds $2K in liabilities against $793K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $791K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $182K | $793K | $2K | — | View 990 |
| 2022 | $242K | $151K | $732K | $1K | — | View 990 |
| 2021 | $223K | $134K | $735K | $23K | — | View 990 |
| 2020 | $110K | $124K | $638K | $13K | — | — |
| 2019 | $170K | $190K | $642K | $24K | — | — |
| 2018 | $177K | $176K | $657K | $36K | — | View 990 |
| 2017 | $157K | $166K | $662K | $47K | — | View 990 |
| 2016 | $151K | $147K | $688K | $64K | — | View 990 |
| 2015 | $148K | $150K | $628K | $7K | — | View 990 |
| 2014 | $161K | $155K | $648K | $25K | — | View 990 |
| 2013 | $150K | $143K | $619K | $2K | — | View 990 |
| 2012 | $162K | $148K | $626K | $16K | — | View 990 |
| 2011 | $156K | $142K | $631K | $35K | — | View 990 |
| 2010 | $150K | $139K | $635K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $182K, and assets of $793K (revenue -35.1% year-over-year).
- 2022: Revenue of $242K, expenses of $151K, and assets of $732K (revenue +8.1% year-over-year).
- 2021: Revenue of $223K, expenses of $134K, and assets of $735K (revenue +103.8% year-over-year).
- 2020: Revenue of $110K, expenses of $124K, and assets of $638K (revenue -35.5% year-over-year).
- 2019: Revenue of $170K, expenses of $190K, and assets of $642K (revenue -3.9% year-over-year).
- 2018: Revenue of $177K, expenses of $176K, and assets of $657K (revenue +12.9% year-over-year).
- 2017: Revenue of $157K, expenses of $166K, and assets of $662K (revenue +4.0% year-over-year).
- 2016: Revenue of $151K, expenses of $147K, and assets of $688K (revenue +1.8% year-over-year).
- 2015: Revenue of $148K, expenses of $150K, and assets of $628K (revenue -8.1% year-over-year).
- 2014: Revenue of $161K, expenses of $155K, and assets of $648K (revenue +7.2% year-over-year).
- 2013: Revenue of $150K, expenses of $143K, and assets of $619K (revenue -7.5% year-over-year).
- 2012: Revenue of $162K, expenses of $148K, and assets of $626K (revenue +4.4% year-over-year).
- 2011: Revenue of $156K, expenses of $142K, and assets of $631K (revenue +3.9% year-over-year).
- 2010: Revenue of $150K, expenses of $139K, and assets of $635K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Italian Workingmens Club Corp:
Data Sources and Methodology
This transparency report for Italian Workingmens Club Corp 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.