Limestone Bay Club Inc
EIN: 263389355 · Harrods Creek, KY · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $29K |
| Net Assets | $1K |
Is Limestone Bay Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Limestone Bay Club Inc
Limestone Bay Club Inc (EIN: 263389355) is a nonprofit organization based in Harrods Creek, KY, classified under NTEE code N50. The organization reported total revenue of $63K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limestone Bay Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Limestone Bay Club Inc is a micro nonprofit that has been operating for 8 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $29K |
| Surplus / Deficit | $-4,239 |
| Total Assets | $29K |
| Total Liabilities | $28K |
| Net Assets | $1K |
| Operating Margin | -17.5% |
| Debt-to-Asset Ratio | 95.2% |
| Months of Reserves | 12.2 months |
Financial Health Grade: C
In 2023, Limestone Bay Club Inc reported a deficit of $4K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 95.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Limestone Bay Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +319.5% | -12.8% |
| 2022 | +52.6% | +104.0% | +64.6% |
| 2021 | -6.0% | -76.9% | +92.0% |
| 2020 | -13.5% | +3.3% | -5.4% |
| 2019 | -3.0% | -34.1% | +51.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Limestone Bay Club Inc 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 Limestone Bay Club Inc 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 95.2%.
Frequently Asked Questions about Limestone Bay Club Inc
Is Limestone Bay Club Inc a legitimate charity?
Limestone Bay Club Inc (EIN: 263389355) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $63K. No red flags identified. Financial health grade: C.
How does Limestone Bay Club Inc spend its money?
Limestone Bay Club Inc reported $63K 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 Limestone Bay Club Inc tax-deductible?
Limestone Bay Club Inc is registered as a tax-exempt nonprofit (EIN: 263389355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Limestone Bay Club Inc located?
Limestone Bay Club Inc is headquartered in Harrods Creek, Kentucky and files with the IRS under EIN 263389355. It is classified under NTEE code N50.
How many years of IRS 990 filings does Limestone Bay Club Inc have?
Limestone Bay Club Inc 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 $63K in total revenue.
Filing History
IRS 990 filing history for Limestone Bay Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Limestone Bay Club Inc's revenue has declined by 91%, moving from $269K to $24K. Total assets increased by 114.7% over the same period, from $13K to $29K. Total functional expenses fell by 89.6%, from $273K to $29K. In its most recent filing year (2023), Limestone Bay Club Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $28K in liabilities against $29K in assets (debt-to-asset ratio: 95.2%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $29K | $29K | $28K | — | — |
| 2022 | $20K | $7K | $33K | $28K | — | View 990 |
| 2021 | $13K | $3K | $20K | $28K | — | View 990 |
| 2020 | $14K | $14K | $10K | $28K | — | View 990 |
| 2019 | $16K | $14K | $11K | $28K | — | View 990 |
| 2018 | $16K | $21K | $7K | $26K | — | View 990 |
| 2017 | $12K | $6K | $12K | $26K | — | — |
| 2016 | $5K | $9K | $6K | $26K | — | — |
| 2015 | $6K | $9K | $11K | $26K | — | — |
| 2014 | $47K | $27K | $13K | $26K | — | — |
| 2013 | $234K | $236K | $3K | $36K | — | View 990 |
| 2012 | $220K | $217K | $4K | $36K | — | View 990 |
| 2011 | $125K | $126K | $3K | $38K | — | View 990 |
| 2010 | $269K | $273K | $13K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $29K, and assets of $29K (revenue +22.6% year-over-year).
- 2022: Revenue of $20K, expenses of $7K, and assets of $33K (revenue +52.6% year-over-year).
- 2021: Revenue of $13K, expenses of $3K, and assets of $20K (revenue -6.0% year-over-year).
- 2020: Revenue of $14K, expenses of $14K, and assets of $10K (revenue -13.5% year-over-year).
- 2019: Revenue of $16K, expenses of $14K, and assets of $11K (revenue -3.0% year-over-year).
- 2018: Revenue of $16K, expenses of $21K, and assets of $7K (revenue +36.4% year-over-year).
- 2017: Revenue of $12K, expenses of $6K, and assets of $12K (revenue +160.5% year-over-year).
- 2016: Revenue of $5K, expenses of $9K, and assets of $6K (revenue -26.5% year-over-year).
- 2015: Revenue of $6K, expenses of $9K, and assets of $11K (revenue -86.7% year-over-year).
- 2014: Revenue of $47K, expenses of $27K, and assets of $13K (revenue -79.9% year-over-year).
- 2013: Revenue of $234K, expenses of $236K, and assets of $3K (revenue +6.4% year-over-year).
- 2012: Revenue of $220K, expenses of $217K, and assets of $4K (revenue +76.4% year-over-year).
- 2011: Revenue of $125K, expenses of $126K, and assets of $3K (revenue -53.5% year-over-year).
- 2010: Revenue of $269K, expenses of $273K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Limestone Bay Club Inc:
Data Sources and Methodology
This transparency report for Limestone Bay Club Inc 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.