Packanack Golf Club
Packanack Golf Club: Consistent Revenue, Limited Public Mission
EIN: 221764217 · Wayne, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Net Assets | $1.3M |
| Transparency Score | 20/100 |
Is Packanack Golf Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Packanack Golf Club
Packanack Golf Club (EIN: 221764217) is a nonprofit organization based in Wayne, NJ. The organization reported total revenue of $1.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Packanack Golf Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Packanack Golf Club is a mid-size nonprofit that has been operating for 56 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-19,459 |
| Total Assets | $1.5M |
| Total Liabilities | $215K |
| Net Assets | $1.3M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 16.0 months |
Financial Health Grade: B
In 2023, Packanack Golf Club reported a deficit of $19K with expenses exceeding revenue, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Packanack Golf Club's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +5.4% | -3.8% |
| 2022 | +1.5% | +12.3% | +2.3% |
| 2021 | +29.5% | +23.3% | +27.6% |
| 2019 | -0.5% | -8.1% | +2.2% |
| 2018 | -2.0% | +6.3% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Packanack Golf Club with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Packanack Golf Club allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, making a direct assessment impossible.
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 Packanack Golf Club's IRS 990 filings:
- The organization reports 0% program service accomplishments on its Form 990s, raising questions about its nonprofit purpose.
- Lack of transparency regarding executive compensation.
Strengths
The following positive indicators were identified for Packanack Golf Club:
- Consistent revenue generation over the past several years, indicating financial stability.
- Stable asset base, with total assets around $1.5M-$2M.
Frequently Asked Questions about Packanack Golf Club
Is Packanack Golf Club a legitimate charity?
Packanack Golf Club (EIN: 221764217) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 20/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Packanack Golf Club spend its money?
Packanack Golf Club reported $1.2M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Packanack Golf Club tax-deductible?
Packanack Golf Club is registered as a tax-exempt nonprofit (EIN: 221764217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Packanack Golf Club located?
Packanack Golf Club is headquartered in Wayne, New Jersey and files with the IRS under EIN 221764217.
How many years of IRS 990 filings does Packanack Golf Club have?
Packanack Golf Club has 12 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 $1.2M in total revenue.
What does Packanack Golf Club do?
Packanack Golf Club is a nonprofit organization in the Unknown sector, located in Wayne, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Packanack Golf Club have?
Packanack Golf Club reported total revenue of $1,197,291. Based on 12 IRS 990 filings on record.
What are Packanack Golf Club's total assets?
Packanack Golf Club holds total assets of $2,026,187 as reported in IRS 990 filings.
Where is Packanack Golf Club located?
Packanack Golf Club is based in Wayne, New Jersey.
What is Packanack Golf Club's EIN?
Packanack Golf Club's Employer Identification Number (EIN) is 221764217. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Packanack Golf Club?
Packanack Golf Club is classified under NTEE code Unknown (Unknown).
Is Packanack Golf Club a registered 501(c)(3)?
Packanack Golf Club appears in IRS records (EIN: 221764217). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Packanack Golf Club file IRS Form 990?
Yes, Packanack Golf Club has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Packanack Golf Club's revenue in 2023?
In the 202312 filing period, Packanack Golf Club reported total revenue of $1,098,353, total expenses of $1,117,812, and net assets of $1,494,913.
Is Packanack Golf Club's revenue growing or declining?
Packanack Golf Club's revenue is relatively stable. Revenue went from $1,067,033 (202212) to $1,098,353 (202312), a +2.9% change. Based on 12 filings on record.
What is Packanack Golf Club's most recent 990 filing?
The most recent IRS Form 990 filing for Packanack Golf Club covers tax period 202312. It shows revenue of $1,098,353, expenses of $1,117,812, total assets of $1,494,913, and liabilities of $214,983.
Is Packanack Golf Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Packanack Golf Club has notable concerns. Mission Score: 20/100 (Poor). 2 red flags identified. 2 strengths noted.
What are the red flags for Packanack Golf Club?
The following concerns were identified: The organization reports 0% program service accomplishments on its Form 990s, raising questions about its nonprofit purpose.. Lack of transparency regarding executive compensation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Packanack Golf Club's strengths?
Positive indicators for Packanack Golf Club include: Consistent revenue generation over the past several years, indicating financial stability.. Stable asset base, with total assets around $1.5M-$2M.. These findings are derived from AI analysis of the organization's financial filings.
How does Packanack Golf Club compensate executives?
Executive compensation is not disclosed in the provided data, making a direct assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service accomplishments, what is the primary public benefit or charitable purpose that Packanack Golf Club serves as a nonprofit organization?
Based on the provided data, the primary public benefit or charitable purpose is not evident, as all reported program service accomplishments are 0%. This suggests the organization may operate more as a private club with nonprofit status rather than a public charity.
Filing History
IRS 990 filing history for Packanack Golf Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Packanack Golf Club's revenue has grown by 96%, moving from $560K to $1.1M. Total assets increased by 67.3% over the same period, from $894K to $1.5M. Total functional expenses rose by 78.1%, from $628K to $1.1M. In its most recent filing year (2023), Packanack Golf Club reported a deficit of $19K, with expenses exceeding revenue. The organization holds $215K in liabilities against $1.5M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $1.5M | $215K | — | View 990 |
| 2022 | $1.1M | $1.1M | $1.6M | $255K | — | View 990 |
| 2021 | $1.1M | $944K | $1.5M | $226K | — | View 990 |
| 2019 | $811K | $766K | $1.2M | $91K | — | View 990 |
| 2018 | $815K | $834K | $1.2M | $110K | — | View 990 |
| 2017 | $832K | $785K | $1.2M | $103K | — | View 990 |
| 2016 | $834K | $796K | $1.2M | $188K | — | View 990 |
| 2015 | $787K | $688K | $1.2M | $154K | — | View 990 |
| 2014 | $791K | $624K | $1.1M | $221K | — | View 990 |
| 2013 | $740K | $696K | $1.0M | $312K | — | View 990 |
| 2012 | $741K | $743K | $963K | $273K | — | View 990 |
| 2011 | $560K | $628K | $894K | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue +2.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M (revenue +1.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $944K, and assets of $1.5M (revenue +29.5% year-over-year).
- 2019: Revenue of $811K, expenses of $766K, and assets of $1.2M (revenue -0.5% year-over-year).
- 2018: Revenue of $815K, expenses of $834K, and assets of $1.2M (revenue -2.0% year-over-year).
- 2017: Revenue of $832K, expenses of $785K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2016: Revenue of $834K, expenses of $796K, and assets of $1.2M (revenue +5.9% year-over-year).
- 2015: Revenue of $787K, expenses of $688K, and assets of $1.2M (revenue -0.5% year-over-year).
- 2014: Revenue of $791K, expenses of $624K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2013: Revenue of $740K, expenses of $696K, and assets of $1.0M (revenue -0.1% year-over-year).
- 2012: Revenue of $741K, expenses of $743K, and assets of $963K (revenue +32.2% year-over-year).
- 2011: Revenue of $560K, expenses of $628K, and assets of $894K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Packanack Golf Club:
Data Sources and Methodology
This transparency report for Packanack Golf Club 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.