Bogota Swim Club Inc
Bogota Swim Club: Consistent Operations, Modest Reserves
EIN: 221723386 · Bogota, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $293K |
| Program Spending | 85% |
| Net Assets | $36K |
| Transparency Score | 65/100 |
Is Bogota Swim Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bogota Swim Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bogota Swim Club Inc
Bogota Swim Club Inc (EIN: 221723386) is a nonprofit organization based in Bogota, NJ. The organization reported total revenue of $308K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bogota Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bogota Swim Club Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $293K |
| Surplus / Deficit | $-43,185 |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | -17.3% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Bogota Swim Club Inc reported a deficit of $43K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Bogota Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +13.9% | -54.3% |
| 2022 | +38.8% | +19.4% | +33.7% |
| 2021 | +26.1% | +23.8% | -20.9% |
| 2020 | -22.4% | -13.0% | -17.2% |
| 2019 | -6.7% | +0.1% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bogota Swim Club Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bogota Swim Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within general expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bogota Swim Club Inc's IRS 990 filings:
- Net assets have shown a declining trend from $90,894 in 2019 to $36,310 in 2023, indicating potential long-term financial strain.
- The organization consistently spends more than its revenue, with expenses exceeding revenue in multiple years (e.g., $293,202 expenses vs. $250,017 revenue in 2023).
Strengths
The following positive indicators were identified for Bogota Swim Club Inc:
- The organization has maintained consistent operations and revenue generation over several years, demonstrating resilience.
- Despite operating deficits, the organization has managed to sustain its activities without accumulating significant liabilities (liabilities reported as $0 in recent years).
Frequently Asked Questions about Bogota Swim Club Inc
Is Bogota Swim Club Inc a legitimate charity?
Bogota Swim Club Inc (EIN: 221723386) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $308K. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Bogota Swim Club Inc spend its money?
Bogota Swim Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bogota Swim Club Inc tax-deductible?
Bogota Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 221723386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bogota Swim Club Inc's spending goes to programs?
Bogota Swim Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bogota Swim Club Inc located?
Bogota Swim Club Inc is headquartered in Bogota, New Jersey and files with the IRS under EIN 221723386.
How many years of IRS 990 filings does Bogota Swim Club Inc have?
Bogota 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 $308K in total revenue.
What does Bogota Swim Club Inc do?
Bogota Swim Club Inc is a nonprofit organization in the Unknown sector, located in Bogota, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Bogota Swim Club Inc have?
Bogota Swim Club Inc reported total revenue of $307,979. Based on 13 IRS 990 filings on record.
What are Bogota Swim Club Inc's total assets?
Bogota Swim Club Inc holds total assets of $46,563 as reported in IRS 990 filings.
Where is Bogota Swim Club Inc located?
Bogota Swim Club Inc is based in Bogota, New Jersey.
What is Bogota Swim Club Inc's EIN?
Bogota Swim Club Inc's Employer Identification Number (EIN) is 221723386. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bogota Swim Club Inc?
Bogota Swim Club Inc is classified under NTEE code Unknown (Unknown).
Is Bogota Swim Club Inc a registered 501(c)(3)?
Bogota Swim Club Inc appears in IRS records (EIN: 221723386). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bogota Swim Club Inc file IRS Form 990?
Yes, Bogota Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bogota Swim Club Inc's revenue in 2023?
In the 202312 filing period, Bogota Swim Club Inc reported total revenue of $250,017, total expenses of $293,202, and net assets of $36,310.
Is Bogota Swim Club Inc's revenue growing or declining?
Bogota Swim Club Inc's revenue is declining. Revenue went from $277,376 (202212) to $250,017 (202312), a -9.9% change. Based on 13 filings on record.
What is Bogota Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bogota Swim Club Inc covers tax period 202312. It shows revenue of $250,017, expenses of $293,202, total assets of $36,310, and liabilities of N/A.
How much does Bogota Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Bogota Swim Club Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Bogota Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bogota Swim Club Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Bogota Swim Club Inc?
The following concerns were identified: Net assets have shown a declining trend from $90,894 in 2019 to $36,310 in 2023, indicating potential long-term financial strain.. The organization consistently spends more than its revenue, with expenses exceeding revenue in multiple years (e.g., $293,202 expenses vs. $250,017 revenue in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bogota Swim Club Inc's strengths?
Positive indicators for Bogota Swim Club Inc include: The organization has maintained consistent operations and revenue generation over several years, demonstrating resilience.. Despite operating deficits, the organization has managed to sustain its activities without accumulating significant liabilities (liabilities reported as $0 in recent years).. These findings are derived from AI analysis of the organization's financial filings.
How does Bogota Swim Club Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within general expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operational deficits and declining net assets, what strategies are in place to ensure the long-term financial viability of the Bogota Swim Club?
The provided data does not detail specific strategies, but the consistent operational deficits suggest a need for either increased revenue generation or cost reduction to reverse the trend of declining net assets.
How does the Bogota Swim Club manage to cover its operational expenses when revenue consistently falls short, and what is the source of funding for these deficits?
The data indicates that the club is drawing down on its net assets to cover the difference between expenses and revenue. For example, in 2023, with revenue of $250,017 and expenses of $293,202, the $43,185 deficit was likely covered by existing assets, leading to the decrease in net assets from $79,495 in 2022 to $36,310 in 2023.
Filing History
IRS 990 filing history for Bogota Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bogota Swim Club Inc's revenue has grown by 160.7%, moving from $96K to $250K. Total assets decreased by 27.3% over the same period, from $50K to $36K. Total functional expenses rose by 199.3%, from $98K to $293K. In its most recent filing year (2023), Bogota Swim Club Inc reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $293K | $36K | $0 | — | View 990 |
| 2022 | $277K | $257K | $79K | $0 | — | View 990 |
| 2021 | $200K | $216K | $59K | $0 | — | View 990 |
| 2020 | $158K | $174K | $75K | $0 | — | — |
| 2019 | $204K | $200K | $91K | $0 | — | View 990 |
| 2018 | $219K | $200K | $88K | $0 | — | View 990 |
| 2017 | $184K | $182K | $70K | $48K | — | View 990 |
| 2016 | $189K | $156K | $65K | $45K | — | View 990 |
| 2015 | $251K | $242K | $36K | $39K | — | View 990 |
| 2014 | $181K | $168K | $39K | $24K | — | View 990 |
| 2013 | $142K | $144K | $38K | $35K | — | View 990 |
| 2012 | $105K | $111K | $46K | $51K | — | View 990 |
| 2011 | $96K | $98K | $50K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $250K, expenses of $293K, and assets of $36K (revenue -9.9% year-over-year).
- 2022: Revenue of $277K, expenses of $257K, and assets of $79K (revenue +38.8% year-over-year).
- 2021: Revenue of $200K, expenses of $216K, and assets of $59K (revenue +26.1% year-over-year).
- 2020: Revenue of $158K, expenses of $174K, and assets of $75K (revenue -22.4% year-over-year).
- 2019: Revenue of $204K, expenses of $200K, and assets of $91K (revenue -6.7% year-over-year).
- 2018: Revenue of $219K, expenses of $200K, and assets of $88K (revenue +18.8% year-over-year).
- 2017: Revenue of $184K, expenses of $182K, and assets of $70K (revenue -2.4% year-over-year).
- 2016: Revenue of $189K, expenses of $156K, and assets of $65K (revenue -24.9% year-over-year).
- 2015: Revenue of $251K, expenses of $242K, and assets of $36K (revenue +38.8% year-over-year).
- 2014: Revenue of $181K, expenses of $168K, and assets of $39K (revenue +27.8% year-over-year).
- 2013: Revenue of $142K, expenses of $144K, and assets of $38K (revenue +34.7% year-over-year).
- 2012: Revenue of $105K, expenses of $111K, and assets of $46K (revenue +9.6% year-over-year).
- 2011: Revenue of $96K, expenses of $98K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bogota Swim Club Inc:
Data Sources and Methodology
This transparency report for Bogota 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.