Saratoga Convention And Tourism Bureau Inc

Saratoga Convention And Tourism Bureau Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.

EIN: 141666181 · Saratoga Spgs, NY · Updated: 2026-03-28

$2.6MRevenue

$2.0MAssets

85/100Mission Score (Excellent)

About Saratoga Convention And Tourism Bureau Inc

Saratoga Convention And Tourism Bureau Inc (EIN: 141666181) is a nonprofit organization based in Saratoga Spgs, NY. The organization reported total revenue of $2.6M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saratoga Convention And Tourism Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Saratoga Convention And Tourism Bureau Inc demonstrates consistent financial growth and stability over the past several years, with revenues increasing from $859,135 in 2020 to $2,097,578 in 2023. The organization has also shown a healthy accumulation of assets, growing from $688,518 in 2020 to $2,161,801 in 2023, indicating sound financial management and an ability to build reserves. Their liabilities have remained manageable relative to their assets, suggesting a low financial risk.

Spending efficiency appears reasonable, with expenses generally tracking below revenue, allowing for asset growth. For instance, in 2023, expenses were $1,743,242 against revenues of $2,097,578, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is easily identifiable as 'officer compensation' in the provided data. However, without a detailed functional expense breakdown, it's challenging to fully assess program spending efficiency versus administrative or fundraising costs.

Overall, the organization appears financially healthy and well-managed based on the provided data. The consistent growth in revenue and assets, coupled with controlled expenses and no reported officer compensation, paints a positive picture of its financial stewardship. Further transparency would be enhanced by a detailed breakdown of functional expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Saratoga Convention And Tourism Bureau 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: 75%
fundraising: 10%

According to IRS 990 filings, Saratoga Convention And Tourism Bureau Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which suggests either that no officers receive compensation or that compensation is categorized differently within the financial statements, indicating a high level of transparency in this specific reporting field.

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 Saratoga Convention And Tourism Bureau Inc's IRS 990 filings:

NTEE Code is unknown, limiting understanding of primary mission alignment with financial activities.
Detailed functional expense breakdown (program, admin, fundraising) is not provided in the summary data, making it difficult to fully assess spending efficiency.

Strengths

The following positive indicators were identified for Saratoga Convention And Tourism Bureau Inc:

Consistent revenue growth, particularly strong recovery post-2020.
Healthy asset accumulation, indicating strong financial management.
Expenses consistently below revenue, leading to surpluses and asset growth.
No reported officer compensation across all filings, suggesting transparency or efficient use of funds in this area.
Manageable liabilities relative to assets, indicating low financial risk.

Frequently Asked Questions about Saratoga Convention And Tourism Bureau Inc

Is Saratoga Convention And Tourism Bureau Inc a good charity?

Based on the available financial data, the organization appears to be financially healthy, with consistent revenue growth and asset accumulation. The lack of reported officer compensation is also a positive indicator of financial stewardship. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a complete assessment of its charitable effectiveness is limited.

How has the organization's revenue trended over time?

The organization has shown strong revenue growth, particularly recovering from a dip in 2020 ($859,135) to reach $2,097,578 in 2023, indicating a robust recovery and expansion.

What is the organization's asset growth like?

Assets have consistently grown, from $688,518 in 2020 to $2,161,801 in 2023, demonstrating strong financial management and the ability to build reserves.

Filing History

IRS 990 filing history for Saratoga Convention And Tourism Bureau Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Saratoga Convention And Tourism Bureau Inc's revenue has grown by 104.7%, moving from $1.0M to $2.1M. Total assets increased by 287.6% over the same period, from $558K to $2.2M. Total functional expenses rose by 75.4%, from $994K to $1.7M. In its most recent filing year (2023), Saratoga Convention And Tourism Bureau Inc reported a surplus of $354K, with revenue exceeding expenses. The organization holds $505K in liabilities against $2.2M in assets (debt-to-asset ratio: 23.4%), resulting in net assets of $1.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.1M	$1.7M	$2.2M	$505K	—	View 990
2022	$1.9M	$1.6M	$1.9M	$601K	—	View 990
2021	$1.6M	$1.0M	$1.3M	$299K	—	—
2020	$859K	$1.1M	$689K	$284K	—	—
2019	$1.8M	$1.7M	$713K	$117K	—	View 990
2018	$1.9M	$1.8M	$668K	$102K	—	View 990
2017	$1.6M	$1.8M	$575K	$65K	—	View 990
2016	$1.6M	$1.7M	$619K	$0	—	View 990
2015	$1.5M	$1.5M	$673K	$0	—	View 990
2014	$1.3M	$1.3M	$659K	$0	—	View 990
2013	$1.2M	$1.2M	$634K	$0	—	View 990
2012	$1.2M	$1.1M	$628K	$0	—	View 990
2011	$1.0M	$994K	$558K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.1M, expenses of $1.7M, and assets of $2.2M (revenue +9.6% year-over-year).
2022: Revenue of $1.9M, expenses of $1.6M, and assets of $1.9M (revenue +19.0% year-over-year).
2021: Revenue of $1.6M, expenses of $1.0M, and assets of $1.3M (revenue +87.2% year-over-year).
2020: Revenue of $859K, expenses of $1.1M, and assets of $689K (revenue -51.4% year-over-year).
2019: Revenue of $1.8M, expenses of $1.7M, and assets of $713K (revenue -7.3% year-over-year).
2018: Revenue of $1.9M, expenses of $1.8M, and assets of $668K (revenue +19.9% year-over-year).
2017: Revenue of $1.6M, expenses of $1.8M, and assets of $575K (revenue -2.1% year-over-year).
2016: Revenue of $1.6M, expenses of $1.7M, and assets of $619K (revenue +9.5% year-over-year).
2015: Revenue of $1.5M, expenses of $1.5M, and assets of $673K (revenue +13.5% year-over-year).
2014: Revenue of $1.3M, expenses of $1.3M, and assets of $659K (revenue +9.8% year-over-year).
2013: Revenue of $1.2M, expenses of $1.2M, and assets of $634K (revenue +1.7% year-over-year).
2012: Revenue of $1.2M, expenses of $1.1M, and assets of $628K (revenue +14.1% year-over-year).
2011: Revenue of $1.0M, expenses of $994K, and assets of $558K.

Data Sources and Methodology

This transparency report for Saratoga Convention And Tourism Bureau 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.