Charlotte Swim Association Inc
EIN: 561861178 · Charlotte, NC · NTEE: N70Z
| Metric | Value |
|---|---|
| Total Revenue | $894K |
| Total Expenses | $823K |
| Net Assets | $436K |
Is Charlotte Swim Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlotte Swim Association Inc
Charlotte Swim Association Inc (EIN: 561861178) is a nonprofit organization based in Charlotte, NC, classified under NTEE code N70Z. The organization reported total revenue of $894K and total assets of $362K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Swim Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Swim Association Inc is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $704K |
| Total Expenses | $823K |
| Surplus / Deficit | $-118,664 |
| Total Assets | $436K |
| Net Assets | $436K |
| Operating Margin | -16.8% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, Charlotte Swim Association Inc reported a deficit of $119K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Charlotte Swim Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | +17.7% | -21.4% |
| 2022 | +51.4% | +22.7% | +7.6% |
| 2021 | -12.4% | -2.8% | +2.6% |
| 2020 | -22.8% | -7.5% | +3.6% |
| 2019 | +17.5% | +4.2% | +40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlotte Swim Association 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 Charlotte Swim Association 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 $119K, with expenses exceeding revenue.
Frequently Asked Questions about Charlotte Swim Association Inc
Is Charlotte Swim Association Inc a legitimate charity?
Charlotte Swim Association Inc (EIN: 561861178) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $894K. No red flags identified. Financial health grade: B.
How does Charlotte Swim Association Inc spend its money?
Charlotte Swim Association Inc reported $894K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charlotte Swim Association Inc tax-deductible?
Charlotte Swim Association Inc is registered as a tax-exempt nonprofit (EIN: 561861178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charlotte Swim Association Inc located?
Charlotte Swim Association Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 561861178. It is classified under NTEE code N70Z.
How many years of IRS 990 filings does Charlotte Swim Association Inc have?
Charlotte Swim Association Inc has 12 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 $894K in total revenue.
Filing History
IRS 990 filing history for Charlotte Swim Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Charlotte Swim Association Inc's revenue has grown by 223%, moving from $218K to $704K. Total assets increased by 1359.2% over the same period, from $30K to $436K. Total functional expenses rose by 262.7%, from $227K to $823K. In its most recent filing year (2023), Charlotte Swim Association Inc reported a deficit of $119K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $704K | $823K | $436K | $0 | — | — |
| 2022 | $832K | $699K | $555K | $0 | — | View 990 |
| 2021 | $550K | $570K | $516K | $94K | — | — |
| 2020 | $628K | $586K | $502K | $60K | — | View 990 |
| 2019 | $813K | $634K | $485K | $84K | — | View 990 |
| 2018 | $692K | $608K | $346K | $124K | — | View 990 |
| 2017 | $492K | $367K | $138K | $0 | — | View 990 |
| 2016 | $198K | $234K | $13K | $0 | — | View 990 |
| 2015 | $265K | $235K | $49K | $0 | — | View 990 |
| 2014 | $261K | $279K | $19K | $0 | — | View 990 |
| 2013 | $244K | $238K | $36K | $0 | — | View 990 |
| 2012 | $218K | $227K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $704K, expenses of $823K, and assets of $436K (revenue -15.3% year-over-year).
- 2022: Revenue of $832K, expenses of $699K, and assets of $555K (revenue +51.4% year-over-year).
- 2021: Revenue of $550K, expenses of $570K, and assets of $516K (revenue -12.4% year-over-year).
- 2020: Revenue of $628K, expenses of $586K, and assets of $502K (revenue -22.8% year-over-year).
- 2019: Revenue of $813K, expenses of $634K, and assets of $485K (revenue +17.5% year-over-year).
- 2018: Revenue of $692K, expenses of $608K, and assets of $346K (revenue +40.6% year-over-year).
- 2017: Revenue of $492K, expenses of $367K, and assets of $138K (revenue +148.8% year-over-year).
- 2016: Revenue of $198K, expenses of $234K, and assets of $13K (revenue -25.4% year-over-year).
- 2015: Revenue of $265K, expenses of $235K, and assets of $49K (revenue +1.6% year-over-year).
- 2014: Revenue of $261K, expenses of $279K, and assets of $19K (revenue +7.0% year-over-year).
- 2013: Revenue of $244K, expenses of $238K, and assets of $36K (revenue +11.8% year-over-year).
- 2012: Revenue of $218K, expenses of $227K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Swim Association Inc:
Data Sources and Methodology
This transparency report for Charlotte Swim Association 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.