Quick charity verification for Swift Charities (EIN: 203242524)
Verdict: Swift Charities appears trustworthy
90/100Mission Score
$650KRevenue
$1.0MAssets
2Red Flags
5Strengths
Red Flags
Significant decline in revenue from 2019 peak ($1.4M) to 2023 ($871K) without clear explanation.
Unusually consistent 0% officer compensation across all filings, which might warrant deeper investigation into how leadership is compensated or sustained.
Strengths
Consistent reporting of zero liabilities across all 13 filings, indicating excellent financial management and no debt.
Healthy asset accumulation, reaching over $1 million in 2023, demonstrating financial stability.
Expenses consistently below revenue in most recent years, allowing for asset growth.
Remarkable transparency and efficiency indicated by 0% reported officer compensation.
Strong financial resilience, maintaining operations and assets despite revenue fluctuations.
Spending Breakdown
How Swift Charities 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 Swift Charities
Is Swift Charities a legitimate charity?
Based on AI analysis of IRS 990 filings, Swift Charities (EIN: 203242524) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Swift Charities a good charity to donate to?
Swift Charities has a Mission Score of 90/100. Revenue: $650K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Swift Charities?
The Employer Identification Number (EIN) for Swift Charities is 203242524. 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 Swift Charities spend its money?
Swift Charities allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Swift Charities's tax-exempt status?
You can verify Swift Charities's tax-exempt status using EIN 203242524 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
Swift Charities demonstrates a generally stable financial position with consistent revenue streams, though there has been a notable decline in revenue from a peak of $1.4 million in 2019 to $871,724 in 2023. The organization consistently reports zero liabilities, indicating strong financial management and a lack of debt, which is a significant positive indicator of financial health. Their assets have also shown growth over the past decade, reaching over $1 million in 2023.
Spending efficiency appears to be strong, with expenses generally below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $665,258 against revenues of $871,724. The consistent reporting of 0% officer compensation across all filings is a remarkable sign of transparency and dedication, suggesting that leadership is either volunteer-based or compensated through non-officer roles, which would require further investigation to fully understand. This practice significantly reduces overhead and maximizes funds available for programs.
Overall, Swift Charities appears to be a financially sound organization with a strong commitment to transparency, particularly regarding executive compensation. The decline in revenue warrants attention, but their ability to operate without liabilities and maintain healthy asset levels suggests resilience. Further analysis of their program spending breakdown would provide a more complete picture of their spending efficiency.