Lr Beach Club Inc
Lr Beach Club Inc maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 112651847 · W Hampton Bch, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.0M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.3M |
| Transparency Score | 75/100 |
Is Lr Beach Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lr Beach Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lr Beach Club Inc
Lr Beach Club Inc (EIN: 112651847) is a nonprofit organization based in W Hampton Bch, NY. The organization reported total revenue of $2.9M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lr Beach Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lr Beach Club Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-243,527 |
| Total Assets | $3.5M |
| Total Liabilities | $128K |
| Net Assets | $3.3M |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 20.9 months |
Financial Health Grade: B
In 2023, Lr Beach Club Inc reported a deficit of $244K with expenses exceeding revenue, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lr Beach Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +14.7% | -5.6% |
| 2022 | -16.3% | +16.3% | +0.2% |
| 2021 | +61.9% | +28.4% | -18.6% |
| 2020 | -10.8% | -33.6% | +23.7% |
| 2019 | -3.3% | +20.6% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lr Beach Club Inc with a Mission Score of 75 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, Lr Beach Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $244K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led executive team or that compensation is minimal and categorized differently, which is a positive indicator for resource allocation relative to the organization's size of nearly $3 million in annual revenue.
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 Lr Beach Club Inc's IRS 990 filings:
- Occasional deficit spending (e.g., 2023 expenses exceeded revenue by $243,527)
- NTEE Code is unknown, limiting understanding of programmatic focus
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Lr Beach Club Inc:
- Consistent financial stability with healthy asset-to-liability ratio (e.g., 2023 assets $3.47M vs. liabilities $0.13M)
- No reported officer compensation across all filings, suggesting efficient use of funds
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
- Significant asset base relative to annual expenses, providing financial resilience
Frequently Asked Questions about Lr Beach Club Inc
Is Lr Beach Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lr Beach Club Inc (EIN: 112651847) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Lr Beach Club Inc spend its money?
Lr Beach Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lr Beach Club Inc tax-deductible?
Lr Beach Club Inc is registered as a tax-exempt nonprofit (EIN: 112651847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lr Beach Club Inc CEO make?
Lr Beach Club Inc's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lr Beach Club Inc's spending goes to programs?
Lr Beach Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Lr Beach Club Inc located?
Lr Beach Club Inc is headquartered in W Hampton Bch, New York and files with the IRS under EIN 112651847.
How many years of IRS 990 filings does Lr Beach Club Inc have?
Lr Beach 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 $2.9M in total revenue.
Is Lr Beach Club Inc a good charity?
Based on the available financial data, Lr Beach Club Inc appears to be a financially stable organization with a healthy asset-to-liability ratio and no reported officer compensation. However, without detailed program spending information and an NTEE code, a full assessment of its charitable impact is limited.
What is the trend in Lr Beach Club Inc's revenue and expenses?
Revenue and expenses have generally fluctuated between $1.2 million and $2.1 million over the past decade. While revenue has seen some growth, expenses have also increased, leading to occasional deficits, such as in 2023 where expenses ($1,996,888) exceeded revenue ($1,753,361).
How does Lr Beach Club Inc's asset base compare to its liabilities?
Lr Beach Club Inc consistently maintains a strong asset base, typically ranging from $3 million to $4.5 million, significantly higher than its liabilities, which have mostly remained below $150,000, indicating robust financial health and low debt.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization may be run by volunteers at the executive level, or that any compensation is minimal and reported under other expense categories. This practice, if accurate, indicates a high dedication of resources to the organization's mission.
Filing History
IRS 990 filing history for Lr Beach Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lr Beach Club Inc's revenue has grown by 7.6%, moving from $1.6M to $1.8M. Total assets increased by 20.7% over the same period, from $2.9M to $3.5M. Total functional expenses rose by 21.8%, from $1.6M to $2.0M. In its most recent filing year (2023), Lr Beach Club Inc reported a deficit of $244K, with expenses exceeding revenue. The organization holds $128K in liabilities against $3.5M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.0M | $3.5M | $128K | — | View 990 |
| 2022 | $1.8M | $1.7M | $3.7M | $94K | — | View 990 |
| 2021 | $2.1M | $1.5M | $3.7M | $100K | — | View 990 |
| 2020 | $1.3M | $1.2M | $4.5M | $1.5M | — | View 990 |
| 2019 | $1.5M | $1.8M | $3.6M | $801K | — | View 990 |
| 2018 | $1.5M | $1.5M | $3.2M | $82K | — | View 990 |
| 2017 | $1.4M | $1.3M | $3.2M | $101K | — | View 990 |
| 2016 | $1.6M | $1.3M | $3.0M | $86K | — | View 990 |
| 2015 | $1.5M | $1.4M | $2.9M | $85K | — | View 990 |
| 2014 | $1.4M | $1.5M | $2.9M | $82K | — | View 990 |
| 2013 | $1.7M | $1.7M | $3.0M | $74K | — | View 990 |
| 2012 | $1.7M | $1.4M | $3.2M | $78K | — | View 990 |
| 2011 | $1.6M | $1.6M | $2.9M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.0M, and assets of $3.5M (revenue -0.1% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $3.7M (revenue -16.3% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.5M, and assets of $3.7M (revenue +61.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $4.5M (revenue -10.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.8M, and assets of $3.6M (revenue -3.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $3.2M (revenue +6.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $3.2M (revenue -9.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $3.0M (revenue +4.8% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $2.9M (revenue +4.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $2.9M (revenue -13.8% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $3.0M (revenue -0.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $3.2M (revenue +2.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lr Beach Club Inc:
Data Sources and Methodology
This transparency report for Lr Beach 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.