Carolina Aquatics Swim Club Inc
Carolina Aquatics Swim Club shows consistent revenue growth and no reported officer compensation.
EIN: 208367622 · Columbia, SC · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $679K |
| Total Expenses | $538K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $678,792 |
| Net Assets | $162K |
| Transparency Score | 92/100 |
Is Carolina Aquatics 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 →
Carolina Aquatics Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Aquatics Swim Club Inc
Carolina Aquatics Swim Club Inc (EIN: 208367622) is a nonprofit organization based in Columbia, SC, classified under NTEE code N67. The organization reported total revenue of $679K and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Aquatics Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Aquatics Swim Club Inc is a small nonprofit that has been operating for 19 years, with 15 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $562K |
| Total Expenses | $538K |
| Surplus / Deficit | +$24K |
| Total Assets | $170K |
| Total Liabilities | $8K |
| Net Assets | $162K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2024, Carolina Aquatics Swim Club Inc reported a surplus of $24K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 15 years of filings (2011–2024), Carolina Aquatics Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.8% | +5.8% | +3.6% |
| 2023 | +76.8% | +61.9% | +57.3% |
| 2022 | +0.0% | +0.0% | +0.0% |
| 2022 | -31.3% | -24.0% | -17.1% |
| 2021 | +86.8% | +35.9% | +141.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Carolina Aquatics Swim Club Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Carolina Aquatics Swim Club Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size (latest revenue $678,792).
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 Carolina Aquatics Swim Club Inc's IRS 990 filings:
- No detailed breakdown of program, administrative, and fundraising expenses provided in summary data.
Strengths
The following positive indicators were identified for Carolina Aquatics Swim Club Inc:
- Consistent operating surpluses in recent years (e.g., $24,279 in 2024, $27,703 in 2023).
- Significant asset growth, from $52,034 in 2020 to $170,030 in 2024.
- Zero reported officer compensation across all 15 filings, indicating high efficiency.
- Low liabilities relative to assets, demonstrating financial stability.
- Extensive filing history (15 filings) showing commitment to transparency.
Frequently Asked Questions about Carolina Aquatics Swim Club Inc
Is Carolina Aquatics Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Aquatics Swim Club Inc (EIN: 208367622) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Carolina Aquatics Swim Club Inc spend its money?
Carolina Aquatics Swim Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carolina Aquatics Swim Club Inc tax-deductible?
Carolina Aquatics Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 208367622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carolina Aquatics Swim Club Inc CEO make?
Carolina Aquatics Swim Club Inc's highest-compensated officer earns $678,792 annually. The organization reported $679K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carolina Aquatics Swim Club Inc's spending goes to programs?
Carolina Aquatics Swim Club Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carolina Aquatics Swim Club Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Carolina Aquatics Swim Club Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carolina Aquatics Swim Club Inc located?
Carolina Aquatics Swim Club Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 208367622. It is classified under NTEE code N67.
How many years of IRS 990 filings does Carolina Aquatics Swim Club Inc have?
Carolina Aquatics Swim Club Inc has 15 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 $679K in total revenue.
Is Carolina Aquatics Swim Club Inc a good charity?
Based on the available IRS 990 data, Carolina Aquatics Swim Club Inc appears to be a well-managed and efficient charity. It consistently generates operating surpluses, has growing assets, and reports no officer compensation, suggesting a strong focus on its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, particularly in recent years. Revenue increased from $236,369 in 2020 to $561,963 in 2024, and assets grew from $52,034 to $170,030 in the same period, indicating a positive trajectory.
What is the organization's approach to executive compensation?
Carolina Aquatics Swim Club Inc consistently reports 0% officer compensation across all 15 filings, indicating a strong commitment to directing funds towards its programs rather than high executive salaries.
Filing History
IRS 990 filing history for Carolina Aquatics Swim Club Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2024), Carolina Aquatics Swim Club Inc's revenue has grown by 82.4%, moving from $308K to $562K. Total assets increased by 247.7% over the same period, from $49K to $170K. Total functional expenses rose by 78%, from $302K to $538K. In its most recent filing year (2024), Carolina Aquatics Swim Club Inc reported a surplus of $24K, with revenue exceeding expenses. The organization holds $8K in liabilities against $170K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $562K | $538K | $170K | $8K | — | — |
| 2023 | $536K | $508K | $164K | $26K | — | View 990 |
| 2022 | $303K | $314K | $104K | $36K | — | — |
| 2022 | $303K | $314K | $104K | $36K | — | View 990 |
| 2021 | $441K | $413K | $126K | $47K | — | View 990 |
| 2020 | $236K | $304K | $52K | $2K | — | View 990 |
| 2019 | $400K | $348K | $124K | $6K | — | View 990 |
| 2018 | $422K | $427K | $72K | $6K | — | View 990 |
| 2017 | $438K | $446K | $72K | $611 | — | View 990 |
| 2016 | $451K | $440K | $80K | $2K | — | View 990 |
| 2015 | $439K | $447K | $70K | $2K | — | View 990 |
| 2014 | $456K | $459K | $77K | $1K | — | View 990 |
| 2013 | $445K | $427K | $82K | $4K | — | View 990 |
| 2012 | $384K | $369K | $65K | $4K | — | View 990 |
| 2011 | $308K | $302K | $49K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $562K, expenses of $538K, and assets of $170K (revenue +4.8% year-over-year).
- 2023: Revenue of $536K, expenses of $508K, and assets of $164K (revenue +76.8% year-over-year).
- 2022: Revenue of $303K, expenses of $314K, and assets of $104K (revenue +0.0% year-over-year).
- 2022: Revenue of $303K, expenses of $314K, and assets of $104K (revenue -31.3% year-over-year).
- 2021: Revenue of $441K, expenses of $413K, and assets of $126K (revenue +86.8% year-over-year).
- 2020: Revenue of $236K, expenses of $304K, and assets of $52K (revenue -40.8% year-over-year).
- 2019: Revenue of $400K, expenses of $348K, and assets of $124K (revenue -5.4% year-over-year).
- 2018: Revenue of $422K, expenses of $427K, and assets of $72K (revenue -3.6% year-over-year).
- 2017: Revenue of $438K, expenses of $446K, and assets of $72K (revenue -2.8% year-over-year).
- 2016: Revenue of $451K, expenses of $440K, and assets of $80K (revenue +2.5% year-over-year).
- 2015: Revenue of $439K, expenses of $447K, and assets of $70K (revenue -3.6% year-over-year).
- 2014: Revenue of $456K, expenses of $459K, and assets of $77K (revenue +2.4% year-over-year).
- 2013: Revenue of $445K, expenses of $427K, and assets of $82K (revenue +15.9% year-over-year).
- 2012: Revenue of $384K, expenses of $369K, and assets of $65K (revenue +24.6% year-over-year).
- 2011: Revenue of $308K, expenses of $302K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Aquatics Swim Club Inc:
Data Sources and Methodology
This transparency report for Carolina Aquatics 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.