Quick charity verification for Gibbstown Swim Club (EIN: 210700967)
Verdict: Gibbstown Swim Club appears trustworthy
85/100Mission Score
$263KRevenue
$242KAssets
1Red Flags
5Strengths
Red Flags
Declining asset base over the past decade (from $381,259 in 2014 to $246,854 in 2023)
Strengths
Significant reduction in liabilities (from $465,690 in 2014 to $25,905 in 2023)
Consistent reporting of 0% officer compensation, indicating efficient use of funds
Long history of IRS 990 filings, demonstrating transparency
Stable revenue and expense patterns, suggesting consistent operations
Improved net asset position in recent years after previously having negative net assets
Spending Breakdown
How Gibbstown Swim Club allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gibbstown Swim Club
Is Gibbstown Swim Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Gibbstown Swim Club (EIN: 210700967) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Gibbstown Swim Club a good charity to donate to?
Gibbstown Swim Club has a Mission Score of 85/100. Revenue: $263K. Assets: $242K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gibbstown Swim Club?
The Employer Identification Number (EIN) for Gibbstown Swim Club is 210700967. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gibbstown Swim Club spend its money?
Gibbstown Swim Club allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gibbstown Swim Club's tax-exempt status?
You can verify Gibbstown Swim Club's tax-exempt status using EIN 210700967 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Gibbstown Swim Club demonstrates consistent operational activity with revenues and expenses generally balancing out over the past decade. In the latest filing (202312), the organization reported revenues of $243,949 against expenses of $237,066, indicating a slight surplus. However, a notable trend is the significant decrease in assets from a high of $381,259 in 2014 to $246,854 in 2023, coupled with a substantial reduction in liabilities from $465,690 in 2014 to $25,905 in 2023. This suggests a strategic effort to reduce debt, which has positively impacted its financial stability, as evidenced by the improved asset-to-liability ratio.
The organization's financial health appears stable, with recent filings showing a positive net asset position after years of liabilities exceeding assets. The consistent reporting of 0% officer compensation across all available filings indicates a volunteer-led or minimally compensated leadership structure, which is a positive sign for donor confidence and efficient use of funds. While specific program spending details are not provided in the summary data, the overall financial picture suggests a well-managed, community-focused entity that has successfully navigated financial challenges to improve its balance sheet.
Transparency is high given the consistent filing of IRS Form 990s over a long period, providing a clear historical financial record. The absence of officer compensation also simplifies financial scrutiny, as there are no complex executive pay structures to analyze. The significant reduction in liabilities is a strong indicator of responsible financial management and a commitment to long-term sustainability.