Lake Gogebic Senior Citzens Club
EIN: 381979090 · Bergland, MI · NTEE: P81Z
| Metric | Value |
|---|---|
| Total Revenue | $400K |
| Total Expenses | $306K |
| Net Assets | $641K |
Is Lake Gogebic Senior Citzens Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Gogebic Senior Citzens Club
Lake Gogebic Senior Citzens Club (EIN: 381979090) is a nonprofit organization based in Bergland, MI, classified under NTEE code P81Z. The organization reported total revenue of $400K and total assets of $823K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Gogebic Senior Citzens Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Gogebic Senior Citzens Club is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $306K |
| Surplus / Deficit | +$65K |
| Total Assets | $663K |
| Total Liabilities | $22K |
| Net Assets | $641K |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 26.0 months |
Financial Health Grade: A
In 2023, Lake Gogebic Senior Citzens Club reported a surplus of $65K with revenue exceeding expenses, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Gogebic Senior Citzens Club's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +10.6% | +10.9% |
| 2022 | +25.7% | +11.1% | +24.3% |
| 2021 | +11.0% | +12.2% | +15.1% |
| 2020 | +16.6% | -7.1% | +19.6% |
| 2019 | -0.4% | +5.7% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Gogebic Senior Citzens Club 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 Lake Gogebic Senior Citzens Club 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 $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Lake Gogebic Senior Citzens Club
Is Lake Gogebic Senior Citzens Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Gogebic Senior Citzens Club (EIN: 381979090) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Gogebic Senior Citzens Club spend its money?
Detailed spending breakdown data is not yet available for Lake Gogebic Senior Citzens Club. Check back for updated IRS 990 analysis.
Are donations to Lake Gogebic Senior Citzens Club tax-deductible?
Lake Gogebic Senior Citzens Club is registered as a tax-exempt nonprofit (EIN: 381979090). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Gogebic Senior Citzens Club located?
Lake Gogebic Senior Citzens Club is headquartered in Bergland, Michigan and files with the IRS under EIN 381979090. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Lake Gogebic Senior Citzens Club have?
Lake Gogebic Senior Citzens 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 $400K in total revenue.
Filing History
IRS 990 filing history for Lake Gogebic Senior Citzens Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Gogebic Senior Citzens Club's revenue has grown by 100.5%, moving from $185K to $371K. Total assets increased by 215.2% over the same period, from $210K to $663K. Total functional expenses rose by 73%, from $177K to $306K. In its most recent filing year (2023), Lake Gogebic Senior Citzens Club reported a surplus of $65K, with revenue exceeding expenses. The organization holds $22K in liabilities against $663K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $641K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $306K | $663K | $22K | — | — |
| 2022 | $395K | $277K | $598K | $21K | — | — |
| 2021 | $315K | $249K | $481K | $23K | — | View 990 |
| 2020 | $283K | $222K | $418K | $26K | — | View 990 |
| 2019 | $243K | $239K | $349K | $19K | — | View 990 |
| 2018 | $244K | $226K | $331K | $5K | — | View 990 |
| 2017 | $246K | $233K | $324K | $16K | — | View 990 |
| 2016 | $235K | $216K | $307K | $12K | — | View 990 |
| 2015 | $228K | $208K | $282K | $7K | — | View 990 |
| 2014 | $198K | $180K | $261K | $5K | — | View 990 |
| 2013 | $193K | $175K | $243K | $6K | — | View 990 |
| 2012 | $186K | $175K | $226K | $8K | — | View 990 |
| 2011 | $185K | $177K | $210K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $306K, and assets of $663K (revenue -6.2% year-over-year).
- 2022: Revenue of $395K, expenses of $277K, and assets of $598K (revenue +25.7% year-over-year).
- 2021: Revenue of $315K, expenses of $249K, and assets of $481K (revenue +11.0% year-over-year).
- 2020: Revenue of $283K, expenses of $222K, and assets of $418K (revenue +16.6% year-over-year).
- 2019: Revenue of $243K, expenses of $239K, and assets of $349K (revenue -0.4% year-over-year).
- 2018: Revenue of $244K, expenses of $226K, and assets of $331K (revenue -0.9% year-over-year).
- 2017: Revenue of $246K, expenses of $233K, and assets of $324K (revenue +4.9% year-over-year).
- 2016: Revenue of $235K, expenses of $216K, and assets of $307K (revenue +2.9% year-over-year).
- 2015: Revenue of $228K, expenses of $208K, and assets of $282K (revenue +15.1% year-over-year).
- 2014: Revenue of $198K, expenses of $180K, and assets of $261K (revenue +2.7% year-over-year).
- 2013: Revenue of $193K, expenses of $175K, and assets of $243K (revenue +3.9% year-over-year).
- 2012: Revenue of $186K, expenses of $175K, and assets of $226K (revenue +0.5% year-over-year).
- 2011: Revenue of $185K, expenses of $177K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Gogebic Senior Citzens Club:
Data Sources and Methodology
This transparency report for Lake Gogebic Senior Citzens 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.