Needham Pool & Racquet Club
501(c)(7)
Only null% goes to programs Strong reserves Growing revenue
Needham Pool & Racquet Club is a 501(c)(7) organization based in Needham, Massachusetts, with $1,024,015 in FY2024 revenue. CharityIndex grades it B.
1545 Central Ave, Needham, MA, 02492 EIN 04-2314616
Revenue (FY2024)
$1.0M
▲ 15.2% vs prior year
Expenses (FY2024)
$897K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Needham Pool & Racquet Club— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating27 mo reserves · +12% 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 Needham Pool & Racquet Club: 27 mo reserves · +12% margin earns a A 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 Needham Pool & Racquet Club— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Needham Pool & Racquet Club: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1545 Central Ave, Needham, MA, 02492
- City
- Needham
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $554K (FY2013) to $1.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $54KNet assets $2.0M
Operating margin
12.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$54K
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,024,015▲15.2% | $897,119▲9.7% | $2,009,817▲6.4% | $2,063,671▲6.4% | 990 |
| 2023 | $889,212▲5.3% | $817,782▲5.8% | $1,888,471▲5.2% | $1,939,153▲4.1% | 990 |
| 2022 | $844,167▲4.5% | $773,146▲1.3% | $1,794,841▲4.6% | $1,863,335▲4.3% | 990 |
| 2021 | $808,037▲12.8% | $763,277▲15.0% | $1,716,420▲2.7% | $1,786,960▲3.0% | 990 |
| 2020 | $716,497▲106% | $663,573▲30.7% | $1,671,660▲4.0% | $1,734,321▲6.2% | 990 |
| 2019 | $348,436▼47.1% | $507,757▼23.0% | $1,607,636▼9.4% | $1,632,938▼9.1% | 990 |
| 2018 | $658,288▲4.9% | $659,817▲6.8% | $1,774,357▲0.7% | $1,795,906▲0.9% | 990 |
| 2017 | $627,581▲4.1% | $617,779▲6.8% | $1,761,569▲0.2% | $1,780,266▲0.4% | 990 |
| 2016 | $603,120▼1.3% | $578,515▲5.5% | $1,757,317▲1.5% | $1,772,828▲1.6% | 990 |
| 2015 | $610,851▲13.9% | $548,137▲6.4% | $1,730,862▲5.5% | $1,744,862▲5.5% | 990 |
| 2014 | $536,450▼3.1% | $515,245▲0.9% | $1,640,398▲1.9% | $1,654,297▲1.4% | 990 |
| 2013 | $553,635 | $510,625▲3.5% | $1,609,445▲3.2% | $1,631,118▲3.3% | 990 |
| 2012 | — | $493,310▲0.7% | $1,559,815▲2.8% | $1,578,885▼4.7% | 990 |
| 2011 | — | $490,009▼5.5% | $1,517,350▲4.0% | $1,657,312▲1.9% | 990 |
| 2010 | — | $518,369▲16.5% | $1,458,980▼0.3% | $1,627,063▼3.7% | 990 |
| 2009 | — | $444,862 | $1,463,195 | $1,689,258 | 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.
Frequently asked questions
- Is Needham Pool & Racquet Club a legitimate nonprofit?
- Yes. Needham Pool & Racquet Club is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 04-2314616, based in Needham, Massachusetts.
- What is Needham Pool & Racquet Club's EIN?
- Needham Pool & Racquet Club's Employer Identification Number (EIN) is 04-2314616.
- How much revenue does Needham Pool & Racquet Club report?
- Needham Pool & Racquet Club reported $1,024,015 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Needham Pool & Racquet Club have?
- CharityIndex grades Needham Pool & Racquet Club B, based on financial health (reserves and operating margin).
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Data for Needham Pool & Racquet Club (EIN 04-2314616) 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.