Citrus American & Italian Social Club Inc
501(c)(7)Recreation
Only null% goes to programs Strong reserves Declining revenue
Citrus American & Italian Social Club Inc is a 501(c)(7) organization based in Inverness, Florida, registered in 2007, with $290 in FY2024 revenue. CharityIndex grades it F.
Po Box 2074, Inverness, FL, 34451 EIN 59-3070435 Since 2007
Revenue (FY2024)
$290
▼ 99.7% vs prior year
Recreation median: $129K
Expenses (FY2024)
$797
Net assets
$64K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Citrus American & Italian Social Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating958 mo reserves · -175% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Citrus American & Italian Social Club Inc: 958 mo reserves · -175% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Citrus American & Italian Social Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Citrus American & Italian Social Club Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 2074, Inverness, FL, 34451
- City
- Inverness
- State
- Florida
- Category
- Recreation & Sports
- Subcategory
- Community Recreation Centers
Financial trends
Revenue declined from $25K (FY2017) to $290 (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $64K
Operating margin
-174.8%
Spent more than it raised in the latest fiscal year.
Total assets
$64K
Total liabilities
$0
Net assets
$64K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $290▼99.7% | $797▼86.2% | $63,640▼0.8% | $63,640▼0.8% | 990 |
| 2023 | $99,297▲324% | $5,780▼78.7% | $64,144▼73.0% | $64,144▼73.0% | 990 |
| 2022 | $23,445▼1.9% | $27,139▲37.9% | $237,525▼1.4% | $237,525▼1.4% | 990 |
| 2021 | $23,897▼22.2% | $19,681▼34.2% | $240,885▲1.6% | $240,885▲1.6% | 990 |
| 2020 | $30,704▲5.2% | $29,930▼21.8% | $237,203▲2.7% | $237,203▲2.7% | 990 |
| 2018 | $29,195▲17.3% | $38,287▲13.1% | $230,994▼3.9% | $230,994▼3.9% | 990 |
| 2017 | $24,885 | $33,838 | $240,462 | $240,462 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Citrus American & Italian Social Club Inc a legitimate nonprofit?
- Yes. Citrus American & Italian Social Club Inc is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 59-3070435, based in Inverness, Florida.
- What is Citrus American & Italian Social Club Inc's EIN?
- Citrus American & Italian Social Club Inc's Employer Identification Number (EIN) is 59-3070435.
- How much revenue does Citrus American & Italian Social Club Inc report?
- Citrus American & Italian Social Club Inc reported $290 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Citrus American & Italian Social Club Inc have?
- CharityIndex grades Citrus American & Italian Social Club Inc F, based on financial health (reserves and operating margin).
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Data for Citrus American & Italian Social Club Inc (EIN 59-3070435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.