Over 60 Club Inc
EIN: 455398824 · Stamford, CT · NTEE: P81
| Metric | Value |
|---|---|
| Total Revenue | $321K |
| Total Expenses | $152K |
| Net Assets | $114K |
Is Over 60 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 Over 60 Club Inc
Over 60 Club Inc (EIN: 455398824) is a nonprofit organization based in Stamford, CT, classified under NTEE code P81. The organization reported total revenue of $321K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Over 60 Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Over 60 Club Inc is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $152K |
| Surplus / Deficit | $-90,723 |
| Total Assets | $116K |
| Total Liabilities | $3K |
| Net Assets | $114K |
| Operating Margin | -149.0% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Over 60 Club Inc reported a deficit of $91K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 7 years of filings (2015–2023), Over 60 Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.1% | +63.0% | -29.6% |
| 2021 | +55.8% | +10.5% | +150.0% |
| 2020 | +291.1% | -37.7% | +130.5% |
| 2019 | -48.0% | +78.1% | -77.5% |
| 2017 | -72.1% | -5.2% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Over 60 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 Over 60 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 $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Over 60 Club Inc
Is Over 60 Club Inc a legitimate charity?
Over 60 Club Inc (EIN: 455398824) is a registered tax-exempt nonprofit based in Connecticut. It has 7 years of IRS 990 filings on record. Total revenue: $321K. No red flags identified. Financial health grade: B.
How does Over 60 Club Inc spend its money?
Over 60 Club Inc reported $321K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Over 60 Club Inc tax-deductible?
Over 60 Club Inc is registered as a tax-exempt nonprofit (EIN: 455398824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Over 60 Club Inc located?
Over 60 Club Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 455398824. It is classified under NTEE code P81.
How many years of IRS 990 filings does Over 60 Club Inc have?
Over 60 Club Inc has 7 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 $321K in total revenue.
Filing History
IRS 990 filing history for Over 60 Club Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Over 60 Club Inc's revenue has grown by 27%, moving from $48K to $61K. Total assets increased by 1572.5% over the same period, from $7K to $116K. Total functional expenses rose by 195.3%, from $51K to $152K. In its most recent filing year (2023), Over 60 Club Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $3K in liabilities against $116K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $152K | $116K | $3K | — | View 990 |
| 2021 | $191K | $93K | $165K | $2K | — | — |
| 2020 | $122K | $84K | $66K | $749 | — | — |
| 2019 | $31K | $135K | $29K | $0 | — | View 990 |
| 2017 | $60K | $76K | $127K | $0 | — | — |
| 2016 | $216K | $80K | $143K | $0 | — | View 990 |
| 2015 | $48K | $51K | $7K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $152K, and assets of $116K (revenue -68.1% year-over-year).
- 2021: Revenue of $191K, expenses of $93K, and assets of $165K (revenue +55.8% year-over-year).
- 2020: Revenue of $122K, expenses of $84K, and assets of $66K (revenue +291.1% year-over-year).
- 2019: Revenue of $31K, expenses of $135K, and assets of $29K (revenue -48.0% year-over-year).
- 2017: Revenue of $60K, expenses of $76K, and assets of $127K (revenue -72.1% year-over-year).
- 2016: Revenue of $216K, expenses of $80K, and assets of $143K (revenue +350.9% year-over-year).
- 2015: Revenue of $48K, expenses of $51K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Over 60 Club Inc:
Data Sources and Methodology
This transparency report for Over 60 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.