Exeter Swimming Association
Exeter Swimming Association consistently operates at a deficit, raising sustainability concerns.
EIN: 20353417 · Exeter, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $185K |
| Program Spending | 80% |
| Net Assets | $-6,451 |
| Transparency Score | 65/100 |
Is Exeter Swimming Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Exeter Swimming Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Exeter Swimming Association
Exeter Swimming Association (EIN: 20353417) is a nonprofit organization based in Exeter, NH. The organization reported total revenue of $182K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exeter Swimming Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exeter Swimming Association is a small nonprofit that has been operating for 45 years, with 8 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $185K |
| Surplus / Deficit | $-3,580 |
| Total Assets | $51K |
| Total Liabilities | $57K |
| Net Assets | $-6,451 |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 112.8% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2020, Exeter Swimming Association reported a deficit of $4K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 112.8% (high leverage).
Financial Trends
Over 8 years of filings (2011–2020), Exeter Swimming Association's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -30.9% | -32.2% | +218.0% |
| 2019 | -29.1% | -35.7% | -79.2% |
| 2016 | +7.5% | +36.0% | -4.8% |
| 2015 | -10.9% | -16.4% | +8.5% |
| 2014 | +10.6% | +2.2% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Exeter Swimming Association 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: 80%
- fundraising: 5%
According to IRS 990 filings, Exeter Swimming Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 112.8%.
Executive Compensation Analysis
No officer compensation has been reported across all 8 filings, suggesting a volunteer-led organization or that compensation is below IRS reporting thresholds, which is generally positive for a nonprofit of this size.
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 Exeter Swimming Association's IRS 990 filings:
- Consistent operational deficits (7 out of 8 periods)
- Liabilities exceeding assets in the latest filing ($56,957 vs. $50,506)
- Significant fluctuation and decline in assets between 2016 and 2019
- Lack of detailed expense breakdown in summary data
Strengths
The following positive indicators were identified for Exeter Swimming Association:
- Consistent IRS 990 filing history, indicating compliance
- No reported officer compensation, suggesting efficient use of funds for leadership or volunteer-led structure
- Long operational history (at least since 2011)
Frequently Asked Questions about Exeter Swimming Association
Is Exeter Swimming Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Exeter Swimming Association (EIN: 20353417) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Exeter Swimming Association spend its money?
Exeter Swimming Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Exeter Swimming Association tax-deductible?
Exeter Swimming Association is registered as a tax-exempt nonprofit (EIN: 20353417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Exeter Swimming Association's spending goes to programs?
Exeter Swimming Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Exeter Swimming Association located?
Exeter Swimming Association is headquartered in Exeter, New Hampshire and files with the IRS under EIN 20353417.
How many years of IRS 990 filings does Exeter Swimming Association have?
Exeter Swimming Association has 8 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 $182K in total revenue.
How does Exeter Swimming Association cover its consistent operational deficits?
The provided data shows expenses exceeding revenue in 7 out of 8 periods. This suggests the organization may be drawing from reserves, receiving unreported grants, or relying on other non-operating income sources not detailed in the summary.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The summary data does not provide a detailed breakdown of expenses, making it difficult to precisely assess spending efficiency. A review of the full IRS 990 forms would be necessary for this information.
What caused the significant drop in assets from $76,344 in 2016 to $15,883 in 2019?
The summary data does not provide specific reasons for asset fluctuations. This could be due to significant capital expenditures, investment losses, or increased liabilities.
Is the organization's current asset-to-liability ratio sustainable?
In 2020, liabilities ($56,957) exceeded assets ($50,506), indicating a negative net asset position. This ratio raises concerns about the organization's ability to meet its short-term obligations without additional funding.
Filing History
IRS 990 filing history for Exeter Swimming Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2020), Exeter Swimming Association's revenue has declined by 35.9%, moving from $284K to $182K. Total assets decreased by 28.8% over the same period, from $71K to $51K. Total functional expenses fell by 40.1%, from $309K to $185K. In its most recent filing year (2020), Exeter Swimming Association reported a deficit of $4K, with expenses exceeding revenue. The organization holds $57K in liabilities against $51K in assets (debt-to-asset ratio: 112.8%), resulting in net assets of $-6,451.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $182K | $185K | $51K | $57K | — | — |
| 2019 | $263K | $274K | $16K | $19K | — | View 990 |
| 2016 | $371K | $425K | $76K | $46K | — | View 990 |
| 2015 | $345K | $313K | $80K | $0 | — | View 990 |
| 2014 | $388K | $374K | $74K | $30K | — | View 990 |
| 2013 | $351K | $366K | $66K | $36K | — | View 990 |
| 2012 | $311K | $318K | $101K | $56K | — | View 990 |
| 2011 | $284K | $309K | $71K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $182K, expenses of $185K, and assets of $51K (revenue -30.9% year-over-year).
- 2019: Revenue of $263K, expenses of $274K, and assets of $16K (revenue -29.1% year-over-year).
- 2016: Revenue of $371K, expenses of $425K, and assets of $76K (revenue +7.5% year-over-year).
- 2015: Revenue of $345K, expenses of $313K, and assets of $80K (revenue -10.9% year-over-year).
- 2014: Revenue of $388K, expenses of $374K, and assets of $74K (revenue +10.6% year-over-year).
- 2013: Revenue of $351K, expenses of $366K, and assets of $66K (revenue +12.7% year-over-year).
- 2012: Revenue of $311K, expenses of $318K, and assets of $101K (revenue +9.6% year-over-year).
- 2011: Revenue of $284K, expenses of $309K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exeter Swimming Association:
Data Sources and Methodology
This transparency report for Exeter Swimming Association 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.