Larchmont Shore Club Corp
Larchmont Shore Club Corp frequently operates at a deficit despite substantial assets and no reported officer compensation.
EIN: 131716709 · Larchmont, NY · Updated: 2026-03-28
Is Larchmont Shore Club Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larchmont Shore Club Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Larchmont Shore Club Corp
Larchmont Shore Club Corp (EIN: 131716709) is a nonprofit organization based in Larchmont, NY. The organization reported total revenue of $8.4M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larchmont Shore Club Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Larchmont Shore Club Corp with a Mission Score of 65 out of 100 (Good). 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, Larchmont Shore Club Corp allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for resource allocation and transparency, especially for an organization with revenues often exceeding $6 million.
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 Larchmont Shore Club Corp's IRS 990 filings:
- Recurring operational deficits: Expenses frequently exceed revenue (e.g., 202312, 202212, 202209), which can erode reserves over time.
- Fluctuating revenue: Revenue has varied significantly, from $1,492,606 in 202212 to $6,937,845 in 202312, indicating potential instability in income streams.
- Lack of detailed expense breakdown: The provided data does not offer a granular breakdown of program, administrative, and fundraising expenses, limiting a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Larchmont Shore Club Corp:
- No officer compensation: Consistently reporting 0% officer compensation across all filings demonstrates a strong commitment to minimizing executive overhead.
- Strong asset base: The organization maintains substantial assets, ranging from $7.1 million to over $10 million in recent years, providing a financial cushion.
- Manageable liabilities: Liabilities have generally remained at a reasonable level relative to assets, indicating good debt management.
Frequently Asked Questions about Larchmont Shore Club Corp
Is Larchmont Shore Club Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Larchmont Shore Club Corp (EIN: 131716709) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Larchmont Shore Club Corp spend its money?
Larchmont Shore Club Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larchmont Shore Club Corp tax-deductible?
Larchmont Shore Club Corp is registered as a tax-exempt nonprofit (EIN: 131716709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Larchmont Shore Club Corp financially sustainable given recurring deficits?
The organization has reported expenses exceeding revenue in multiple recent periods (e.g., 202312, 202212, 202209). While it possesses significant assets (e.g., $7,186,129 in 202312), sustained operational deficits could impact long-term financial health if not addressed through increased revenue or expense management.
What is the purpose of Larchmont Shore Club Corp, given its financial structure?
Without an NTEE code or mission statement, it's difficult to ascertain the specific purpose. However, the name 'Shore Club' often suggests a membership-based recreational or social organization, which would explain the revenue and expense patterns typical of such entities.
How does the organization cover its operational deficits?
The organization likely covers its operational deficits by drawing from its accumulated assets or reserves. For example, in 202312, expenses exceeded revenue by nearly $1 million, which would necessitate using existing funds to cover the shortfall.
Filing History
IRS 990 filing history for Larchmont Shore Club Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Larchmont Shore Club Corp's revenue has grown by 56.3%, moving from $4.4M to $6.9M. Total assets increased by 13.8% over the same period, from $6.3M to $7.2M. Total functional expenses rose by 87.3%, from $4.2M to $7.9M. In its most recent filing year (2023), Larchmont Shore Club Corp reported a deficit of $965K, with expenses exceeding revenue. The organization holds $591K in liabilities against $7.2M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.9M | $7.2M | $591K | — | View 990 |
| 2022 | $1.5M | $1.7M | $8.1M | $505K | — | View 990 |
| 2022 | $6.4M | $7.7M | $9.2M | $1.4M | — | View 990 |
| 2021 | $6.2M | $6.2M | $10.5M | $1.4M | — | View 990 |
| 2020 | $4.8M | $5.3M | $10.2M | $1.2M | — | — |
| 2019 | $5.9M | $6.1M | $10.9M | $1.4M | — | View 990 |
| 2018 | $6.1M | $6.0M | $11.0M | $1.3M | — | View 990 |
| 2017 | $6.2M | $5.6M | $11.0M | $1.4M | — | View 990 |
| 2016 | $6.2M | $5.2M | $10.3M | $1.3M | — | View 990 |
| 2015 | $5.1M | $4.6M | $9.4M | $1.4M | — | View 990 |
| 2014 | $4.9M | $4.3M | $8.8M | $1.3M | — | View 990 |
| 2013 | $5.3M | $4.2M | $8.1M | $1.3M | — | View 990 |
| 2012 | $5.1M | $4.2M | $7.1M | $1.3M | — | View 990 |
| 2011 | $4.4M | $4.2M | $6.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.9M, and assets of $7.2M (revenue +364.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.7M, and assets of $8.1M (revenue -76.8% year-over-year).
- 2022: Revenue of $6.4M, expenses of $7.7M, and assets of $9.2M (revenue +3.5% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.2M, and assets of $10.5M (revenue +30.2% year-over-year).
- 2020: Revenue of $4.8M, expenses of $5.3M, and assets of $10.2M (revenue -18.6% year-over-year).
- 2019: Revenue of $5.9M, expenses of $6.1M, and assets of $10.9M (revenue -3.1% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.0M, and assets of $11.0M (revenue -2.3% year-over-year).
- 2017: Revenue of $6.2M, expenses of $5.6M, and assets of $11.0M (revenue +0.6% year-over-year).
- 2016: Revenue of $6.2M, expenses of $5.2M, and assets of $10.3M (revenue +21.0% year-over-year).
- 2015: Revenue of $5.1M, expenses of $4.6M, and assets of $9.4M (revenue +2.9% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.3M, and assets of $8.8M (revenue -7.5% year-over-year).
- 2013: Revenue of $5.3M, expenses of $4.2M, and assets of $8.1M (revenue +4.1% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.2M, and assets of $7.1M (revenue +15.7% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.2M, and assets of $6.3M.
Data Sources and Methodology
This transparency report for Larchmont Shore 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.