New England Apparel Club Inc
New England Apparel Club Inc. maintains strong asset growth and zero reported officer compensation amidst fluctuating revenues.
EIN: 136180025 · Westboro, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $701K |
| Total Expenses | $547K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $700,000 |
| Net Assets | $948K |
| Transparency Score | 85/100 |
Is New England Apparel Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Apparel Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New England Apparel Club Inc
New England Apparel Club Inc (EIN: 136180025) is a nonprofit organization based in Westboro, MA. The organization reported total revenue of $701K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Apparel Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Apparel Club Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $618K |
| Total Expenses | $547K |
| Surplus / Deficit | +$71K |
| Total Assets | $1.0M |
| Total Liabilities | $81K |
| Net Assets | $948K |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 22.6 months |
Financial Health Grade: A
In 2024, New England Apparel Club Inc reported a surplus of $71K with revenue exceeding expenses, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), New England Apparel Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.1% | -2.0% | +7.0% |
| 2023 | +7.9% | -14.7% | +6.4% |
| 2022 | +2.9% | +60.0% | -6.7% |
| 2021 | -30.6% | -47.9% | +1.6% |
| 2020 | -16.1% | -10.8% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 New England Apparel Club Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New England Apparel Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The New England Apparel Club Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with over $700,000 in annual revenue and over $1 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is reported under other expense categories, which would require further scrutiny for complete financial clarity.
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 New England Apparel Club Inc's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of mission alignment and industry benchmarks.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate compensation is hidden in other expense categories, requiring further investigation.
Strengths
The following positive indicators were identified for New England Apparel Club Inc:
- Consistent asset growth, reaching $1,073,815, indicates strong financial health and stability.
- Zero reported officer compensation across all filings suggests a highly efficient use of funds and a strong commitment to the mission.
- Low liabilities relative to assets (e.g., $81,265 liabilities vs. $1,028,888 assets in 202405) demonstrate sound financial management.
- Positive net income in most recent periods (e.g., $617,764 revenue vs. $546,890 expenses in 202405) indicates sustainable operations.
Frequently Asked Questions about New England Apparel Club Inc
Is New England Apparel Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Apparel Club Inc (EIN: 136180025) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does New England Apparel Club Inc spend its money?
New England Apparel Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Apparel Club Inc tax-deductible?
New England Apparel Club Inc is registered as a tax-exempt nonprofit (EIN: 136180025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New England Apparel Club Inc CEO make?
New England Apparel Club Inc's highest-compensated officer earns $700,000 annually. The organization reported $701K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New England Apparel Club Inc's spending goes to programs?
New England Apparel Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New England Apparel Club Inc located?
New England Apparel Club Inc is headquartered in Westboro, Massachusetts and files with the IRS under EIN 136180025.
How many years of IRS 990 filings does New England Apparel Club Inc have?
New England Apparel 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 $701K in total revenue.
How does New England Apparel Club Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within their expenses. This is a significant positive for resource allocation but warrants further inquiry into their operational model.
What are the primary program activities of New England Apparel Club Inc. given its NTEE code is unknown?
Without an NTEE code or detailed program expense breakdown, it's difficult to ascertain the specific activities. The name suggests it supports the apparel industry in New England, likely through events, networking, or advocacy, but more information is needed to confirm.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While an estimated breakdown is provided in this analysis, the actual percentages from the IRS 990 would offer a more precise understanding of spending efficiency.
Filing History
IRS 990 filing history for New England Apparel Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), New England Apparel Club Inc's revenue has declined by 39.6%, moving from $1.0M to $618K. Total assets increased by 12.9% over the same period, from $911K to $1.0M. Total functional expenses fell by 46.2%, from $1.0M to $547K. In its most recent filing year (2024), New England Apparel Club Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $81K in liabilities against $1.0M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $948K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $618K | $547K | $1.0M | $81K | — | — |
| 2023 | $599K | $558K | $962K | $85K | — | View 990 |
| 2022 | $556K | $655K | $904K | $68K | — | View 990 |
| 2021 | $540K | $409K | $969K | $34K | — | — |
| 2020 | $778K | $785K | $953K | $150K | — | View 990 |
| 2019 | $928K | $880K | $930K | $120K | — | View 990 |
| 2018 | $967K | $975K | $891K | $129K | — | View 990 |
| 2017 | $1.1M | $1.1M | $898K | $128K | — | View 990 |
| 2016 | $1.1M | $1.0M | $844K | $118K | — | View 990 |
| 2015 | $963K | $1.0M | $777K | $131K | — | View 990 |
| 2014 | $1.0M | $1.0M | $823K | $129K | — | View 990 |
| 2013 | $1.0M | $1.0M | $826K | $147K | — | View 990 |
| 2012 | $1.0M | $1.0M | $911K | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $618K, expenses of $547K, and assets of $1.0M (revenue +3.1% year-over-year).
- 2023: Revenue of $599K, expenses of $558K, and assets of $962K (revenue +7.9% year-over-year).
- 2022: Revenue of $556K, expenses of $655K, and assets of $904K (revenue +2.9% year-over-year).
- 2021: Revenue of $540K, expenses of $409K, and assets of $969K (revenue -30.6% year-over-year).
- 2020: Revenue of $778K, expenses of $785K, and assets of $953K (revenue -16.1% year-over-year).
- 2019: Revenue of $928K, expenses of $880K, and assets of $930K (revenue -4.1% year-over-year).
- 2018: Revenue of $967K, expenses of $975K, and assets of $891K (revenue -12.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $898K (revenue +0.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $844K (revenue +14.4% year-over-year).
- 2015: Revenue of $963K, expenses of $1.0M, and assets of $777K (revenue -5.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $823K (revenue +1.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $826K (revenue -1.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Apparel Club Inc:
Data Sources and Methodology
This transparency report for New England Apparel 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.