Regency Whist Club Inc
Regency Whist Club Inc. consistently operates with expenses often exceeding revenue, maintaining stable but not growing assets.
EIN: 131207390 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $-101,849 |
| Transparency Score | 65/100 |
Is Regency Whist Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regency Whist Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Regency Whist Club Inc
Regency Whist Club Inc (EIN: 131207390) is a nonprofit organization based in New York, NY. The organization reported total revenue of $1.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regency Whist Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Regency Whist Club Inc is a mid-size nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-74,985 |
| Total Assets | $1.4M |
| Total Liabilities | $1.5M |
| Net Assets | $-101,849 |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 107.1% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2023, Regency Whist Club Inc reported a deficit of $75K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 107.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Regency Whist Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | -13.3% | +13.3% |
| 2022 | +1.5% | +28.1% | -14.5% |
| 2021 | -20.6% | -23.9% | -14.8% |
| 2020 | -7.0% | -4.5% | -7.6% |
| 2019 | -9.7% | +2.0% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
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 Regency Whist Club Inc with a Mission Score of 65 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, Regency Whist 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 $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through other means not reported as direct officer compensation, which is a strong positive for transparency.
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 Regency Whist Club Inc's IRS 990 filings:
- Expenses frequently exceed revenue, notably in 2022 where expenses were over $400,000 higher than revenue.
- Liabilities ($1,539,097 in 2023) exceed assets ($1,437,248) in the most recent filing, indicating a negative net asset position.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.
- NTEE code is unknown, which limits understanding of the organization's specific charitable purpose.
Strengths
The following positive indicators were identified for Regency Whist Club Inc:
- Consistent filing of IRS Form 990s over 13 periods demonstrates regulatory compliance and transparency.
- Zero officer compensation reported across all available filings, indicating strong transparency regarding executive pay or uncompensated leadership.
- Stable revenue generation, consistently above $1.3 million annually, suggests a reliable funding base.
Frequently Asked Questions about Regency Whist Club Inc
Is Regency Whist Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Regency Whist Club Inc (EIN: 131207390) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Regency Whist Club Inc spend its money?
Regency Whist Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regency Whist Club Inc tax-deductible?
Regency Whist Club Inc is registered as a tax-exempt nonprofit (EIN: 131207390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Regency Whist Club Inc's spending goes to programs?
Regency Whist Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Regency Whist Club Inc located?
Regency Whist Club Inc is headquartered in New York, New York and files with the IRS under EIN 131207390.
How many years of IRS 990 filings does Regency Whist Club Inc have?
Regency Whist 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 $1.9M in total revenue.
What is the specific mission of Regency Whist Club Inc.?
The provided data does not include the organization's NTEE code or mission statement, making it difficult to assess its specific purpose.
Why have expenses frequently exceeded revenue in recent years?
In 2023, expenses were $1,512,898 against revenues of $1,437,913, and in 2022, expenses were $1,744,194 against revenues of $1,325,294. This trend suggests the organization may be drawing from reserves or experiencing operational challenges.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data summary does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for assessing spending efficiency.
How does the organization plan to address its increasing liabilities?
Liabilities reached $1,539,097 in 2023, exceeding assets of $1,437,248. This negative net asset position warrants further investigation into the organization's financial strategy.
Filing History
IRS 990 filing history for Regency Whist Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Regency Whist Club Inc's revenue has declined by 5.7%, moving from $1.5M to $1.4M. Total assets increased by 16.9% over the same period, from $1.2M to $1.4M. Total functional expenses fell by 5.2%, from $1.6M to $1.5M. In its most recent filing year (2023), Regency Whist Club Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.4M in assets (debt-to-asset ratio: 107.1%), resulting in net assets of $-101,849.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $1.4M | $1.5M | — | View 990 |
| 2022 | $1.3M | $1.7M | $1.3M | $1.3M | — | View 990 |
| 2021 | $1.3M | $1.4M | $1.5M | $1.1M | — | View 990 |
| 2020 | $1.6M | $1.8M | $1.7M | $1.3M | — | View 990 |
| 2019 | $1.8M | $1.9M | $1.9M | $1.3M | — | View 990 |
| 2018 | $2.0M | $1.8M | $2.0M | $1.3M | — | View 990 |
| 2017 | $1.7M | $1.8M | $1.8M | $1.2M | — | View 990 |
| 2016 | $1.8M | $1.8M | $1.8M | $1.2M | — | View 990 |
| 2015 | $1.8M | $1.8M | $1.8M | $1.1M | — | View 990 |
| 2014 | $1.7M | $1.7M | $1.5M | $886K | — | View 990 |
| 2013 | $1.6M | $1.7M | $1.4M | $867K | — | View 990 |
| 2012 | $1.8M | $1.6M | $1.5M | $827K | — | View 990 |
| 2011 | $1.5M | $1.6M | $1.2M | $793K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $1.4M (revenue +8.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.7M, and assets of $1.3M (revenue +1.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $1.5M (revenue -20.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $1.7M (revenue -7.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $1.9M (revenue -9.7% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $2.0M (revenue +13.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $1.8M (revenue -4.6% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $1.8M (revenue -1.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $1.8M (revenue +7.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +8.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $1.4M (revenue -12.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.6M, and assets of $1.5M (revenue +19.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Regency Whist Club Inc:
Data Sources and Methodology
This transparency report for Regency Whist 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.