Demarest Swim Club
Demarest Swim Club: Consistent Operations, Limited Financial Detail
EIN: 221639061 · Demarest, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $184K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $127K |
| Transparency Score | 65/100 |
Is Demarest Swim Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Demarest Swim Club directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Demarest Swim Club
Demarest Swim Club (EIN: 221639061) is a nonprofit organization based in Demarest, NJ. The organization reported total revenue of $172K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Demarest Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Demarest Swim Club is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $184K |
| Surplus / Deficit | $-11,947 |
| Total Assets | $291K |
| Total Liabilities | $164K |
| Net Assets | $127K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 56.3% |
| Months of Reserves | 19.0 months |
Financial Health Grade: C
In 2023, Demarest Swim Club reported a deficit of $12K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Demarest Swim Club's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -35.8% | -4.6% |
| 2022 | -12.3% | +25.1% | -21.7% |
| 2021 | +32.3% | +20.2% | +15.5% |
| 2020 | -14.3% | -11.7% | +26.0% |
| 2019 | -4.4% | -1.4% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Demarest Swim Club 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Demarest Swim Club allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating an entirely volunteer-led organization.
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 Demarest Swim Club's IRS 990 filings:
- The consistent reporting of $0 for executive compensation and lack of detailed program descriptions in Form 990-EZ filings could indicate a very small, community-run operation with minimal formal structure, or a lack of transparency regarding operational specifics.
- The organization consistently operates at a deficit, with expenses exceeding revenue in most recent years (e.g., 2023: revenue $172,065, expenses $184,012; 2022: revenue $203,209, expenses $286,583).
Strengths
The following positive indicators were identified for Demarest Swim Club:
- The organization has maintained consistent revenue and asset levels over several years, suggesting stable community support and operational continuity.
- The consistent reporting of $0 for executive compensation demonstrates a commitment to volunteer leadership and potentially directs more funds towards its mission, assuming efficient operations.
Frequently Asked Questions about Demarest Swim Club
Is Demarest Swim Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Demarest Swim Club (EIN: 221639061) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Demarest Swim Club spend its money?
Demarest Swim Club directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Demarest Swim Club tax-deductible?
Demarest Swim Club is registered as a tax-exempt nonprofit (EIN: 221639061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Demarest Swim Club CEO make?
Demarest Swim Club's highest-compensated officer earns $0 annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Demarest Swim Club's spending goes to programs?
Demarest Swim Club directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Demarest Swim Club located?
Demarest Swim Club is headquartered in Demarest, New Jersey and files with the IRS under EIN 221639061.
How many years of IRS 990 filings does Demarest Swim Club have?
Demarest Swim Club 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 $172K in total revenue.
What does Demarest Swim Club do?
Demarest Swim Club is a nonprofit organization in the Unknown sector, located in Demarest, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Demarest Swim Club have?
Demarest Swim Club reported total revenue of $172,065. Based on 13 IRS 990 filings on record.
What are Demarest Swim Club's total assets?
Demarest Swim Club holds total assets of $291,049 as reported in IRS 990 filings.
Where is Demarest Swim Club located?
Demarest Swim Club is based in Demarest, New Jersey.
What is Demarest Swim Club's EIN?
Demarest Swim Club's Employer Identification Number (EIN) is 221639061. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Demarest Swim Club?
Demarest Swim Club is classified under NTEE code Unknown (Unknown).
Is Demarest Swim Club a registered 501(c)(3)?
Demarest Swim Club appears in IRS records (EIN: 221639061). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Demarest Swim Club file IRS Form 990?
Yes, Demarest Swim Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Demarest Swim Club's revenue in 2023?
In the 202312 filing period, Demarest Swim Club reported total revenue of $172,065, total expenses of $184,012, and net assets of $291,049.
Is Demarest Swim Club's revenue growing or declining?
Demarest Swim Club's revenue is declining. Revenue went from $203,209 (202212) to $172,065 (202312), a -15.3% change. Based on 13 filings on record.
What is Demarest Swim Club's most recent 990 filing?
The most recent IRS Form 990 filing for Demarest Swim Club covers tax period 202312. It shows revenue of $172,065, expenses of $184,012, total assets of $291,049, and liabilities of $163,756.
How much does Demarest Swim Club spend on programs vs administration?
Based on IRS 990 analysis, Demarest Swim Club allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Demarest Swim Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Demarest Swim Club shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Demarest Swim Club?
The following concerns were identified: The consistent reporting of $0 for executive compensation and lack of detailed program descriptions in Form 990-EZ filings could indicate a very small, community-run operation with minimal formal structure, or a lack of transparency regarding operational specifics.. The organization consistently operates at a deficit, with expenses exceeding revenue in most recent years (e.g., 2023: revenue $172,065, expenses $184,012; 2022: revenue $203,209, expenses $286,583).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Demarest Swim Club's strengths?
Positive indicators for Demarest Swim Club include: The organization has maintained consistent revenue and asset levels over several years, suggesting stable community support and operational continuity.. The consistent reporting of $0 for executive compensation demonstrates a commitment to volunteer leadership and potentially directs more funds towards its mission, assuming efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Demarest Swim Club compensate executives?
Executive compensation is reported as $0 across all available filings, indicating an entirely volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operational deficits, how does Demarest Swim Club sustain its long-term viability without drawing down assets significantly?
While expenses frequently exceed revenue, the organization's liabilities have remained relatively stable (e.g., $163,756 in 2023), and assets have not drastically declined, suggesting that deficits might be covered by reserves, specific fundraising efforts not detailed in the 990-EZ, or short-term operational adjustments.
Filing History
IRS 990 filing history for Demarest Swim Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Demarest Swim Club's revenue has declined by 8%, moving from $187K to $172K. Total assets increased by 0.1% over the same period, from $291K to $291K. Total functional expenses fell by 8.1%, from $200K to $184K. In its most recent filing year (2023), Demarest Swim Club reported a deficit of $12K, with expenses exceeding revenue. The organization holds $164K in liabilities against $291K in assets (debt-to-asset ratio: 56.3%), resulting in net assets of $127K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $184K | $291K | $164K | — | — |
| 2022 | $203K | $287K | $305K | $166K | — | — |
| 2021 | $232K | $229K | $389K | $70K | — | View 990 |
| 2020 | $175K | $191K | $337K | $127K | — | View 990 |
| 2019 | $204K | $216K | $268K | $42K | — | — |
| 2018 | $214K | $219K | $259K | $22K | — | View 990 |
| 2017 | $218K | $244K | $255K | $13K | — | View 990 |
| 2016 | $251K | $253K | $280K | $13K | — | View 990 |
| 2015 | $216K | $236K | $286K | $17K | — | View 990 |
| 2014 | $258K | $240K | $330K | $41K | — | View 990 |
| 2013 | $272K | $231K | $311K | $40K | — | View 990 |
| 2012 | $273K | $235K | $314K | $85K | — | View 990 |
| 2011 | $187K | $200K | $291K | $99K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $184K, and assets of $291K (revenue -15.3% year-over-year).
- 2022: Revenue of $203K, expenses of $287K, and assets of $305K (revenue -12.3% year-over-year).
- 2021: Revenue of $232K, expenses of $229K, and assets of $389K (revenue +32.3% year-over-year).
- 2020: Revenue of $175K, expenses of $191K, and assets of $337K (revenue -14.3% year-over-year).
- 2019: Revenue of $204K, expenses of $216K, and assets of $268K (revenue -4.4% year-over-year).
- 2018: Revenue of $214K, expenses of $219K, and assets of $259K (revenue -2.1% year-over-year).
- 2017: Revenue of $218K, expenses of $244K, and assets of $255K (revenue -12.9% year-over-year).
- 2016: Revenue of $251K, expenses of $253K, and assets of $280K (revenue +15.9% year-over-year).
- 2015: Revenue of $216K, expenses of $236K, and assets of $286K (revenue -16.2% year-over-year).
- 2014: Revenue of $258K, expenses of $240K, and assets of $330K (revenue -5.0% year-over-year).
- 2013: Revenue of $272K, expenses of $231K, and assets of $311K (revenue -0.6% year-over-year).
- 2012: Revenue of $273K, expenses of $235K, and assets of $314K (revenue +46.2% year-over-year).
- 2011: Revenue of $187K, expenses of $200K, and assets of $291K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Demarest Swim Club:
Data Sources and Methodology
This transparency report for Demarest Swim Club 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.