Laurel Athletic Club Incorporated
EIN: 60633365 · Norwalk, CT · NTEE: N42Z
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $221K |
| Net Assets | $542K |
Is Laurel Athletic Club Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurel Athletic Club Incorporated
Laurel Athletic Club Incorporated (EIN: 60633365) is a nonprofit organization based in Norwalk, CT, classified under NTEE code N42Z. The organization reported total revenue of $236K and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Athletic Club Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Athletic Club Incorporated is a small nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $221K |
| Surplus / Deficit | +$9K |
| Total Assets | $565K |
| Total Liabilities | $22K |
| Net Assets | $542K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2024, Laurel Athletic Club Incorporated reported a surplus of $9K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Laurel Athletic Club Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -18.0% | -16.7% | +1.1% |
| 2023 | +20.4% | +25.6% | +1.9% |
| 2022 | +17.7% | +10.7% | +1.3% |
| 2021 | +45.2% | +16.0% | +2.3% |
| 2020 | -34.2% | -16.4% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurel Athletic Club Incorporated 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 Laurel Athletic Club Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Laurel Athletic Club Incorporated
Is Laurel Athletic Club Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurel Athletic Club Incorporated (EIN: 60633365) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laurel Athletic Club Incorporated spend its money?
Detailed spending breakdown data is not yet available for Laurel Athletic Club Incorporated. Check back for updated IRS 990 analysis.
Are donations to Laurel Athletic Club Incorporated tax-deductible?
Laurel Athletic Club Incorporated is registered as a tax-exempt nonprofit (EIN: 60633365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurel Athletic Club Incorporated located?
Laurel Athletic Club Incorporated is headquartered in Norwalk, Connecticut and files with the IRS under EIN 60633365. It is classified under NTEE code N42Z.
How many years of IRS 990 filings does Laurel Athletic Club Incorporated have?
Laurel Athletic Club Incorporated 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 $236K in total revenue.
Filing History
IRS 990 filing history for Laurel Athletic Club Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Laurel Athletic Club Incorporated's revenue has grown by 6.5%, moving from $216K to $230K. Total assets increased by 7.3% over the same period, from $526K to $565K. Total functional expenses rose by 2.5%, from $216K to $221K. In its most recent filing year (2024), Laurel Athletic Club Incorporated reported a surplus of $9K, with revenue exceeding expenses. The organization holds $22K in liabilities against $565K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $542K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $230K | $221K | $565K | $22K | — | — |
| 2023 | $280K | $266K | $559K | $10K | — | View 990 |
| 2022 | $233K | $212K | $548K | $14K | — | View 990 |
| 2021 | $198K | $191K | $541K | $29K | — | View 990 |
| 2020 | $136K | $165K | $529K | $23K | — | View 990 |
| 2019 | $207K | $197K | $551K | $17K | — | View 990 |
| 2018 | $188K | $188K | $545K | $21K | — | View 990 |
| 2017 | $194K | $185K | $523K | $0 | — | View 990 |
| 2016 | $164K | $157K | $515K | $690 | — | — |
| 2015 | $152K | $155K | $510K | $3K | — | View 990 |
| 2014 | $261K | $261K | $513K | $2K | — | View 990 |
| 2013 | $229K | $231K | $518K | $7K | — | View 990 |
| 2011 | $216K | $216K | $526K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $230K, expenses of $221K, and assets of $565K (revenue -18.0% year-over-year).
- 2023: Revenue of $280K, expenses of $266K, and assets of $559K (revenue +20.4% year-over-year).
- 2022: Revenue of $233K, expenses of $212K, and assets of $548K (revenue +17.7% year-over-year).
- 2021: Revenue of $198K, expenses of $191K, and assets of $541K (revenue +45.2% year-over-year).
- 2020: Revenue of $136K, expenses of $165K, and assets of $529K (revenue -34.2% year-over-year).
- 2019: Revenue of $207K, expenses of $197K, and assets of $551K (revenue +10.0% year-over-year).
- 2018: Revenue of $188K, expenses of $188K, and assets of $545K (revenue -2.7% year-over-year).
- 2017: Revenue of $194K, expenses of $185K, and assets of $523K (revenue +18.1% year-over-year).
- 2016: Revenue of $164K, expenses of $157K, and assets of $515K (revenue +7.7% year-over-year).
- 2015: Revenue of $152K, expenses of $155K, and assets of $510K (revenue -41.7% year-over-year).
- 2014: Revenue of $261K, expenses of $261K, and assets of $513K (revenue +13.9% year-over-year).
- 2013: Revenue of $229K, expenses of $231K, and assets of $518K (revenue +6.2% year-over-year).
- 2011: Revenue of $216K, expenses of $216K, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Athletic Club Incorporated:
Data Sources and Methodology
This transparency report for Laurel Athletic Club Incorporated 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.