Bluegrass Swim Club Inc
EIN: 610590285 · Covington, KY
| Metric | Value |
|---|---|
| Total Revenue | $353K |
| Total Expenses | $248K |
| Net Assets | $219K |
Is Bluegrass Swim Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bluegrass Swim Club Inc
Bluegrass Swim Club Inc (EIN: 610590285) is a nonprofit organization based in Covington, KY. The organization reported total revenue of $353K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluegrass Swim Club Inc is a small nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $248K |
| Surplus / Deficit | $-9,378 |
| Total Assets | $219K |
| Net Assets | $219K |
| Operating Margin | -3.9% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2023, Bluegrass Swim Club Inc reported a deficit of $9K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bluegrass Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +1.6% | -5.2% |
| 2022 | +0.3% | +18.7% | -9.6% |
| 2021 | +38.2% | +35.4% | +6.4% |
| 2020 | -16.2% | -18.7% | -1.3% |
| 2019 | -4.0% | -3.9% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bluegrass Swim Club 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 Bluegrass Swim Club 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 $9K, with expenses exceeding revenue.
Frequently Asked Questions about Bluegrass Swim Club Inc
Is Bluegrass Swim Club Inc a legitimate charity?
Bluegrass Swim Club Inc (EIN: 610590285) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $353K. No red flags identified. Financial health grade: B.
How does Bluegrass Swim Club Inc spend its money?
Bluegrass Swim Club Inc reported $353K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bluegrass Swim Club Inc tax-deductible?
Bluegrass Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 610590285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bluegrass Swim Club Inc located?
Bluegrass Swim Club Inc is headquartered in Covington, Kentucky and files with the IRS under EIN 610590285.
How many years of IRS 990 filings does Bluegrass Swim Club Inc have?
Bluegrass Swim Club Inc has 13 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 $353K in total revenue.
Filing History
IRS 990 filing history for Bluegrass Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bluegrass Swim Club Inc's revenue has grown by 22.4%, moving from $195K to $239K. Total assets decreased by 16% over the same period, from $261K to $219K. Total functional expenses rose by 38.9%, from $179K to $248K. In its most recent filing year (2023), Bluegrass Swim Club Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $248K | $219K | $0 | — | — |
| 2022 | $219K | $244K | $232K | $3K | — | — |
| 2021 | $219K | $206K | $256K | $3K | — | View 990 |
| 2020 | $158K | $152K | $241K | $321 | — | — |
| 2019 | $189K | $187K | $244K | $0 | — | View 990 |
| 2018 | $197K | $194K | $242K | $506 | — | View 990 |
| 2017 | $209K | $203K | $239K | $95 | — | View 990 |
| 2016 | $201K | $193K | $236K | $219 | — | View 990 |
| 2015 | $203K | $164K | $228K | $235 | — | View 990 |
| 2014 | $211K | $220K | $209K | $21K | — | View 990 |
| 2013 | $209K | $193K | $241K | $44K | — | View 990 |
| 2012 | $194K | $186K | $248K | $66K | — | View 990 |
| 2011 | $195K | $179K | $261K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $248K, and assets of $219K (revenue +8.7% year-over-year).
- 2022: Revenue of $219K, expenses of $244K, and assets of $232K (revenue +0.3% year-over-year).
- 2021: Revenue of $219K, expenses of $206K, and assets of $256K (revenue +38.2% year-over-year).
- 2020: Revenue of $158K, expenses of $152K, and assets of $241K (revenue -16.2% year-over-year).
- 2019: Revenue of $189K, expenses of $187K, and assets of $244K (revenue -4.0% year-over-year).
- 2018: Revenue of $197K, expenses of $194K, and assets of $242K (revenue -6.0% year-over-year).
- 2017: Revenue of $209K, expenses of $203K, and assets of $239K (revenue +3.9% year-over-year).
- 2016: Revenue of $201K, expenses of $193K, and assets of $236K (revenue -0.8% year-over-year).
- 2015: Revenue of $203K, expenses of $164K, and assets of $228K (revenue -3.9% year-over-year).
- 2014: Revenue of $211K, expenses of $220K, and assets of $209K (revenue +1.2% year-over-year).
- 2013: Revenue of $209K, expenses of $193K, and assets of $241K (revenue +7.8% year-over-year).
- 2012: Revenue of $194K, expenses of $186K, and assets of $248K (revenue -0.7% year-over-year).
- 2011: Revenue of $195K, expenses of $179K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluegrass Swim Club Inc:
Data Sources and Methodology
This transparency report for Bluegrass Swim Club 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.