Lake George Club
Lake George Club shows consistent operations with recent deficit, no reported officer compensation.
EIN: 140817670 · Diamond Point, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $2.8M |
| Program Spending | 80% |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is Lake George Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake George Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake George Club
Lake George Club (EIN: 140817670) is a nonprofit organization based in Diamond Point, NY. The organization reported total revenue of $4.8M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake George Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake George Club is a mid-size nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-183,082 |
| Total Assets | $2.7M |
| Total Liabilities | $243K |
| Net Assets | $2.5M |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Lake George Club reported a deficit of $183K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake George Club's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +16.2% | -9.8% |
| 2022 | +3.1% | +13.9% | +8.9% |
| 2021 | +22.4% | +28.1% | +11.2% |
| 2020 | +2.3% | -16.0% | +22.5% |
| 2019 | -8.1% | +0.8% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Lake George Club with a Mission Score of 85 out of 100 (Excellent). 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, Lake George Club 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 deficit of $183K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a positive indicator for resource allocation.
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 Lake George Club's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing, indicating a deficit for that period.
Strengths
The following positive indicators were identified for Lake George Club:
- Consistent revenue generation over the past decade, with latest revenue at $2,646,222 in 2023.
- Steady growth in assets, from $1,718,867 in 2014 to $2,734,369 in 2023.
- Low liabilities relative to assets, indicating strong financial solvency (e.g., $243,028 liabilities vs. $2,734,369 assets in 2023).
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
Frequently Asked Questions about Lake George Club
Is Lake George Club a legitimate charity?
Lake George Club (EIN: 140817670) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Lake George Club spend its money?
Lake George Club directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake George Club tax-deductible?
Lake George Club is registered as a tax-exempt nonprofit (EIN: 140817670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake George Club's spending goes to programs?
Lake George Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lake George Club located?
Lake George Club is headquartered in Diamond Point, New York and files with the IRS under EIN 140817670.
How many years of IRS 990 filings does Lake George Club have?
Lake George Club 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 $4.8M in total revenue.
Is Lake George Club a good charity?
Based on the provided financial data, the Lake George Club appears to be a financially stable organization with consistent revenue and asset growth over the past decade. The absence of reported officer compensation is a strong positive for efficient resource allocation. However, without detailed program spending information, it's challenging to fully assess its charitable impact.
What caused the deficit in 2023?
In 2023, the organization reported expenses of $2,829,304 against revenues of $2,646,222, resulting in a deficit. The specific causes are not detailed in the summary data, but it indicates that expenses outpaced revenue for that period, a deviation from previous years' trends.
How does the organization manage its liabilities?
The organization generally maintains low liabilities relative to its assets. For example, in 2023, liabilities were $243,028 against assets of $2,734,369, indicating a strong financial position and good liability management.
Filing History
IRS 990 filing history for Lake George Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake George Club's revenue has grown by 54.1%, moving from $1.7M to $2.6M. Total assets increased by 71.6% over the same period, from $1.6M to $2.7M. Total functional expenses rose by 95.9%, from $1.4M to $2.8M. In its most recent filing year (2023), Lake George Club reported a deficit of $183K, with expenses exceeding revenue. The organization holds $243K in liabilities against $2.7M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.8M | $2.7M | $243K | — | — |
| 2022 | $2.5M | $2.4M | $3.0M | $357K | — | View 990 |
| 2021 | $2.4M | $2.1M | $2.8M | $191K | — | View 990 |
| 2020 | $2.0M | $1.7M | $2.5M | $214K | — | View 990 |
| 2019 | $1.9M | $2.0M | $2.0M | $79K | — | View 990 |
| 2018 | $2.1M | $2.0M | $2.0M | $13K | — | View 990 |
| 2017 | $2.0M | $1.9M | $1.9M | $19K | — | View 990 |
| 2016 | $1.8M | $1.8M | $1.8M | $19K | — | View 990 |
| 2015 | $1.7M | $1.7M | $1.8M | $53K | — | View 990 |
| 2014 | $1.7M | $1.7M | $1.7M | $17K | — | View 990 |
| 2013 | $1.7M | $1.6M | $1.7M | $32K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.6M | $19K | — | View 990 |
| 2011 | $1.7M | $1.4M | $1.6M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.8M, and assets of $2.7M (revenue +5.1% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $3.0M (revenue +3.1% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.1M, and assets of $2.8M (revenue +22.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $2.5M (revenue +2.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $2.0M (revenue -8.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $2.0M (revenue +7.8% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $1.9M (revenue +11.1% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $1.8M (revenue +2.6% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $1.8M (revenue -1.0% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $1.7M (revenue +4.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $1.7M (revenue +1.8% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -4.6% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.4M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake George Club:
Data Sources and Methodology
This transparency report for Lake George Club 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.