Westerly College Club
EIN: 56009634 · Westerly, RI · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $77K |
| Net Assets | $35K |
Is Westerly College Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Westerly College Club
Westerly College Club (EIN: 56009634) is a nonprofit organization based in Westerly, RI, classified under NTEE code B82Z. The organization reported total revenue of $89K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westerly College Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westerly College Club is a micro nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $77K |
| Surplus / Deficit | +$8K |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 9.5% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2024, Westerly College Club reported a surplus of $8K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Westerly College Club's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.0% | +1.3% | +31.0% |
| 2023 | +6.2% | +10.0% | +28.5% |
| 2022 | +43.3% | +33.9% | +64.1% |
| 2021 | -11.2% | -8.8% | +21.1% |
| 2020 | +7.0% | +2.4% | +63.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Westerly College Club 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 Westerly College Club 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about Westerly College Club
Is Westerly College Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Westerly College Club (EIN: 56009634) insufficient data. 0 red flags identified, 0 strengths noted.
How does Westerly College Club spend its money?
Detailed spending breakdown data is not yet available for Westerly College Club. Check back for updated IRS 990 analysis.
Are donations to Westerly College Club tax-deductible?
Westerly College Club is registered as a tax-exempt nonprofit (EIN: 56009634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Westerly College Club located?
Westerly College Club is headquartered in Westerly, Rhode Island and files with the IRS under EIN 56009634. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Westerly College Club have?
Westerly College Club 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 $89K in total revenue.
Filing History
IRS 990 filing history for Westerly College Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Westerly College Club's revenue has grown by 227.6%, moving from $26K to $86K. Total assets increased by 145.6% over the same period, from $14K to $35K. Total functional expenses rose by 168.1%, from $29K to $77K. In its most recent filing year (2024), Westerly College Club reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $86K | $77K | $35K | $0 | — | — |
| 2023 | $82K | $76K | $26K | $0 | — | — |
| 2022 | $78K | $70K | $21K | $0 | — | — |
| 2021 | $54K | $52K | $12K | $0 | — | — |
| 2020 | $61K | $57K | $10K | $0 | — | View 990 |
| 2019 | $57K | $56K | $6K | $0 | — | View 990 |
| 2018 | $62K | $63K | $5K | $0 | — | — |
| 2017 | $96K | $95K | $6K | $0 | — | View 990 |
| 2016 | $64K | $78K | $5K | $0 | — | View 990 |
| 2015 | $98K | $84K | $19K | $0 | — | View 990 |
| 2014 | $29K | $38K | $4K | $0 | — | View 990 |
| 2013 | $69K | $71K | $13K | $0 | — | View 990 |
| 2012 | $26K | $29K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $86K, expenses of $77K, and assets of $35K (revenue +4.0% year-over-year).
- 2023: Revenue of $82K, expenses of $76K, and assets of $26K (revenue +6.2% year-over-year).
- 2022: Revenue of $78K, expenses of $70K, and assets of $21K (revenue +43.3% year-over-year).
- 2021: Revenue of $54K, expenses of $52K, and assets of $12K (revenue -11.2% year-over-year).
- 2020: Revenue of $61K, expenses of $57K, and assets of $10K (revenue +7.0% year-over-year).
- 2019: Revenue of $57K, expenses of $56K, and assets of $6K (revenue -8.2% year-over-year).
- 2018: Revenue of $62K, expenses of $63K, and assets of $5K (revenue -35.0% year-over-year).
- 2017: Revenue of $96K, expenses of $95K, and assets of $6K (revenue +48.2% year-over-year).
- 2016: Revenue of $64K, expenses of $78K, and assets of $5K (revenue -34.4% year-over-year).
- 2015: Revenue of $98K, expenses of $84K, and assets of $19K (revenue +241.5% year-over-year).
- 2014: Revenue of $29K, expenses of $38K, and assets of $4K (revenue -58.6% year-over-year).
- 2013: Revenue of $69K, expenses of $71K, and assets of $13K (revenue +165.8% year-over-year).
- 2012: Revenue of $26K, expenses of $29K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westerly College Club:
Data Sources and Methodology
This transparency report for Westerly College 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.