Quick charity verification for Long Island Swimming (EIN: 113230107)
Verdict: Long Island Swimming appears trustworthy
85/100Mission Score
$3.9MRevenue
$5.3MAssets
2Red Flags
4Strengths
Red Flags
Unusually high liabilities relative to assets in recent years ($2.95M liabilities vs $5.08M assets in 2023)
Consistent 0% reported officer compensation for an organization of this size, which may obscure actual leadership compensation or operational structure.
Strengths
Consistent revenue growth over the past decade, from $1.3M in 2014 to $3.3M in 2023.
Strong asset accumulation, reaching over $5 million in 2023.
Long history of IRS 990 filings (13 periods), indicating good transparency and compliance.
Positive net assets maintained throughout its history, demonstrating financial stability.
Spending Breakdown
How Long Island Swimming 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 Long Island Swimming
Is Long Island Swimming a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island Swimming (EIN: 113230107) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Long Island Swimming a good charity to donate to?
Long Island Swimming has a Mission Score of 85/100. Revenue: $3.9M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Long Island Swimming?
The Employer Identification Number (EIN) for Long Island Swimming is 113230107. 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 Long Island Swimming spend its money?
Long Island Swimming allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Long Island Swimming's tax-exempt status?
You can verify Long Island Swimming's tax-exempt status using EIN 113230107 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
Long Island Swimming demonstrates a generally stable financial position with consistent revenue generation over the past decade, growing from $1.3 million in 2014 to $3.3 million in 2023. The organization has maintained positive net assets, reaching $5.08 million in 2023, indicating a healthy balance sheet. While expenses have sometimes exceeded revenue, such as in 2023 where expenses were $3,624,195 against revenue of $3,371,359, these fluctuations appear manageable within the context of its overall financial growth and asset base. The organization's liabilities have also grown, reaching $2,955,366 in 2023, which warrants monitoring relative to its assets.
Spending efficiency appears reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent growth in assets and revenue suggests effective management of resources to support its mission. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive compensation model, which can contribute to higher program spending ratios.
In terms of transparency, the consistent filing of IRS Form 990s for 13 periods is a strong indicator of compliance and public accountability. The lack of reported officer compensation, while potentially positive for efficiency, could also raise questions about how leadership is structured and compensated if not through traditional officer salaries, which would require deeper investigation into the full 990 forms for clarity.