Little Neck Swim And Racquet Club Inc
EIN: 541162116 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $679K |
| Total Expenses | $548K |
| Net Assets | $1.2M |
Is Little Neck Swim And Racquet 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 Little Neck Swim And Racquet Club Inc
Little Neck Swim And Racquet Club Inc (EIN: 541162116) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $679K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Neck Swim And Racquet Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Neck Swim And Racquet Club Inc is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $530K |
| Total Expenses | $548K |
| Surplus / Deficit | $-17,822 |
| Total Assets | $1.2M |
| Total Liabilities | $1K |
| Net Assets | $1.2M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 26.2 months |
Financial Health Grade: B
In 2023, Little Neck Swim And Racquet Club Inc reported a deficit of $18K with expenses exceeding revenue, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Little Neck Swim And Racquet Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +32.6% | -1.7% |
| 2022 | -59.1% | -15.8% | +4.8% |
| 2021 | +312.2% | +38.7% | +67.1% |
| 2020 | -42.5% | -24.7% | -13.6% |
| 2019 | +7.5% | +0.4% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Little Neck Swim And Racquet 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 Little Neck Swim And Racquet 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Little Neck Swim And Racquet Club Inc
Is Little Neck Swim And Racquet Club Inc a legitimate charity?
Little Neck Swim And Racquet Club Inc (EIN: 541162116) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $679K. No red flags identified. Financial health grade: B.
How does Little Neck Swim And Racquet Club Inc spend its money?
Little Neck Swim And Racquet Club Inc reported $679K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Little Neck Swim And Racquet Club Inc tax-deductible?
Little Neck Swim And Racquet Club Inc is registered as a tax-exempt nonprofit (EIN: 541162116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Little Neck Swim And Racquet Club Inc located?
Little Neck Swim And Racquet Club Inc is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 541162116.
How many years of IRS 990 filings does Little Neck Swim And Racquet Club Inc have?
Little Neck Swim And Racquet Club Inc 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 $679K in total revenue.
Filing History
IRS 990 filing history for Little Neck Swim And Racquet Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Little Neck Swim And Racquet Club Inc's revenue has grown by 24.3%, moving from $426K to $530K. Total assets increased by 7.3% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 14.7%, from $478K to $548K. In its most recent filing year (2023), Little Neck Swim And Racquet Club Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $530K | $548K | $1.2M | $1K | — | View 990 |
| 2022 | $457K | $413K | $1.2M | $2K | — | View 990 |
| 2021 | $1.1M | $491K | $1.2M | $1K | — | View 990 |
| 2020 | $271K | $354K | $694K | $233K | — | — |
| 2019 | $471K | $470K | $803K | $256K | — | View 990 |
| 2018 | $438K | $468K | $800K | $277K | — | View 990 |
| 2017 | $434K | $500K | $762K | $209K | — | View 990 |
| 2016 | $476K | $452K | $863K | $254K | — | View 990 |
| 2015 | $503K | $479K | $895K | $317K | — | View 990 |
| 2014 | $465K | $506K | $932K | $395K | — | View 990 |
| 2013 | $481K | $490K | $992K | $422K | — | View 990 |
| 2012 | $492K | $490K | $1.1M | $499K | — | View 990 |
| 2011 | $426K | $478K | $1.1M | $570K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $530K, expenses of $548K, and assets of $1.2M (revenue +16.1% year-over-year).
- 2022: Revenue of $457K, expenses of $413K, and assets of $1.2M (revenue -59.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $491K, and assets of $1.2M (revenue +312.2% year-over-year).
- 2020: Revenue of $271K, expenses of $354K, and assets of $694K (revenue -42.5% year-over-year).
- 2019: Revenue of $471K, expenses of $470K, and assets of $803K (revenue +7.5% year-over-year).
- 2018: Revenue of $438K, expenses of $468K, and assets of $800K (revenue +1.0% year-over-year).
- 2017: Revenue of $434K, expenses of $500K, and assets of $762K (revenue -9.0% year-over-year).
- 2016: Revenue of $476K, expenses of $452K, and assets of $863K (revenue -5.4% year-over-year).
- 2015: Revenue of $503K, expenses of $479K, and assets of $895K (revenue +8.1% year-over-year).
- 2014: Revenue of $465K, expenses of $506K, and assets of $932K (revenue -3.2% year-over-year).
- 2013: Revenue of $481K, expenses of $490K, and assets of $992K (revenue -2.3% year-over-year).
- 2012: Revenue of $492K, expenses of $490K, and assets of $1.1M (revenue +15.4% year-over-year).
- 2011: Revenue of $426K, expenses of $478K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Neck Swim And Racquet Club Inc:
Data Sources and Methodology
This transparency report for Little Neck Swim And Racquet 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.