Quick charity verification for Race Aquatics Swim Club Inc (EIN: 208910785)
Verdict: Race Aquatics Swim Club Inc appears trustworthy
85/100Mission Score
$256KRevenue
$53KAssets
2Red Flags
4Strengths
Red Flags
Limited financial reserves due to tight operating margins
Lack of detailed functional expense breakdown in provided data
Strengths
Consistent financial reporting and regulatory compliance (12 filings)
Volunteer-based leadership (0% officer compensation across all filings)
Efficient operations with expenses closely matching revenue
Long operational history (over a decade of filings)
Spending Breakdown
How Race Aquatics Swim Club Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Race Aquatics Swim Club Inc
Is Race Aquatics Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Race Aquatics Swim Club Inc (EIN: 208910785) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Race Aquatics Swim Club Inc a good charity to donate to?
Race Aquatics Swim Club Inc has a Mission Score of 85/100. Revenue: $256K. Assets: $53K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Race Aquatics Swim Club Inc?
The Employer Identification Number (EIN) for Race Aquatics Swim Club Inc is 208910785. 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 Race Aquatics Swim Club Inc spend its money?
Race Aquatics Swim Club Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Race Aquatics Swim Club Inc's tax-exempt status?
You can verify Race Aquatics Swim Club Inc's tax-exempt status using EIN 208910785 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
Race Aquatics Swim Club Inc demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For instance, in 2023, revenue was $165,004 against expenses of $163,002, indicating a lean operational margin. The organization's assets have remained relatively modest, peaking at $53,331 in the latest reported period, which is typical for a smaller, community-focused sports club. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership structure, which is a positive indicator of efficiency and dedication to the mission.
Spending efficiency appears high, given the minimal difference between revenues and expenses, implying that most funds are directly utilized for operations. The absence of officer compensation further reinforces this efficiency. While specific program spending breakdowns aren't detailed in the provided summary, the overall financial picture suggests that the organization is effectively managing its resources to deliver its services. The organization consistently files its IRS 990s, indicating a commitment to regulatory transparency.
However, without a detailed functional expense breakdown (program, administrative, fundraising), it's challenging to fully assess the allocation of funds. The relatively low asset base and tight operating margins suggest that the organization operates with limited reserves, which could pose a risk during unexpected financial downturns. Despite this, the consistent financial performance over many years points to a stable, albeit lean, operation.