757 Swim Inc
EIN: 475004484 · Williamsburg, VA · NTEE: N68
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Net Assets | $536K |
Is 757 Swim Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 757 Swim Inc
757 Swim Inc (EIN: 475004484) is a nonprofit organization based in Williamsburg, VA, classified under NTEE code N68. The organization reported total revenue of $1.6M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 757 Swim Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
757 Swim Inc is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 40.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-3,734 |
| Total Assets | $3.0M |
| Total Liabilities | $2.5M |
| Net Assets | $536K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 82.2% |
| Months of Reserves | 26.8 months |
Financial Health Grade: C
In 2023, 757 Swim Inc reported a deficit of $4K with expenses exceeding revenue, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 82.2% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), 757 Swim Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.4% | +133.3% | -2.9% |
| 2022 | -33.0% | -40.5% | +3.1% |
| 2021 | +125.2% | +76.6% | +699.9% |
| 2020 | -13.7% | -9.4% | +48.5% |
| 2019 | +4.7% | +27.8% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 757 Swim Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 757 Swim Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.2%.
Frequently Asked Questions about 757 Swim Inc
Is 757 Swim Inc a legitimate charity?
757 Swim Inc (EIN: 475004484) is a registered tax-exempt nonprofit based in Virginia. It has 9 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: C.
How does 757 Swim Inc spend its money?
757 Swim Inc reported $1.6M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 757 Swim Inc tax-deductible?
757 Swim Inc is registered as a tax-exempt nonprofit (EIN: 475004484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 757 Swim Inc located?
757 Swim Inc is headquartered in Williamsburg, Virginia and files with the IRS under EIN 475004484. It is classified under NTEE code N68.
How many years of IRS 990 filings does 757 Swim Inc have?
757 Swim Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Filing History
IRS 990 filing history for 757 Swim Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), 757 Swim Inc's revenue has grown by 1375.6%, moving from $91K to $1.3M. Total assets increased by 6427.3% over the same period, from $46K to $3.0M. Total functional expenses rose by 2356.9%, from $55K to $1.3M. In its most recent filing year (2023), 757 Swim Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $3.0M in assets (debt-to-asset ratio: 82.2%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $3.0M | $2.5M | — | — |
| 2022 | $767K | $579K | $3.1M | $2.6M | — | View 990 |
| 2021 | $1.1M | $972K | $3.0M | $2.7M | — | View 990 |
| 2020 | $508K | $550K | $376K | $197K | — | — |
| 2019 | $588K | $608K | $253K | $32K | — | View 990 |
| 2018 | $562K | $475K | $244K | $4K | — | View 990 |
| 2017 | $381K | $319K | $157K | $3K | — | View 990 |
| 2016 | $247K | $192K | $93K | $2K | — | View 990 |
| 2015 | $91K | $55K | $46K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $3.0M (revenue +75.4% year-over-year).
- 2022: Revenue of $767K, expenses of $579K, and assets of $3.1M (revenue -33.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $972K, and assets of $3.0M (revenue +125.2% year-over-year).
- 2020: Revenue of $508K, expenses of $550K, and assets of $376K (revenue -13.7% year-over-year).
- 2019: Revenue of $588K, expenses of $608K, and assets of $253K (revenue +4.7% year-over-year).
- 2018: Revenue of $562K, expenses of $475K, and assets of $244K (revenue +47.4% year-over-year).
- 2017: Revenue of $381K, expenses of $319K, and assets of $157K (revenue +54.1% year-over-year).
- 2016: Revenue of $247K, expenses of $192K, and assets of $93K (revenue +171.1% year-over-year).
- 2015: Revenue of $91K, expenses of $55K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 757 Swim Inc:
Data Sources and Methodology
This transparency report for 757 Swim Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.