Friends Of Rockbridge Swimming Inc
Friends Of Rockbridge Swimming Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202034004 · Lexington, VA · NTEE: N30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $322K |
| Program Spending | 85% |
| Net Assets | $391K |
| Transparency Score | 90/100 |
Is Friends Of Rockbridge Swimming Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Rockbridge Swimming Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Rockbridge Swimming Inc
Friends Of Rockbridge Swimming Inc (EIN: 202034004) is a nonprofit organization based in Lexington, VA, classified under NTEE code N30. The organization reported total revenue of $388K and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Rockbridge Swimming Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Rockbridge Swimming Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 33.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $348K |
| Total Expenses | $322K |
| Surplus / Deficit | +$25K |
| Total Assets | $394K |
| Total Liabilities | $3K |
| Net Assets | $391K |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Friends Of Rockbridge Swimming Inc reported a surplus of $25K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Friends Of Rockbridge Swimming Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +5.2% | +7.0% |
| 2022 | +2.3% | +16.5% | +2.4% |
| 2021 | -27.9% | +30.8% | +13.5% |
| 2020 | +117.5% | +14.8% | +245.0% |
| 2019 | +39.1% | +38.2% | +30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Friends Of Rockbridge Swimming Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Rockbridge Swimming 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all seven filing periods, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable 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.
Strengths
The following positive indicators were identified for Friends Of Rockbridge Swimming Inc:
- Consistent revenue growth, from $62,442 in 2017 to $347,693 in 2023.
- Strong asset growth, from $56,190 in 2017 to $393,872 in 2023.
- 0% officer compensation reported across all filing periods, indicating efficient use of funds.
- Low liabilities consistently reported, suggesting sound financial management.
- Positive net income in most years, demonstrating financial sustainability.
Frequently Asked Questions about Friends Of Rockbridge Swimming Inc
Is Friends Of Rockbridge Swimming Inc a legitimate charity?
Friends Of Rockbridge Swimming Inc (EIN: 202034004) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 7 years of IRS 990 filings on record. Total revenue: $388K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends Of Rockbridge Swimming Inc spend its money?
Friends Of Rockbridge Swimming Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Rockbridge Swimming Inc tax-deductible?
Friends Of Rockbridge Swimming Inc is registered as a tax-exempt nonprofit (EIN: 202034004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Rockbridge Swimming Inc's spending goes to programs?
Friends Of Rockbridge Swimming Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Rockbridge Swimming Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of Rockbridge Swimming Inc is above average for NTEE category N30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Rockbridge Swimming Inc located?
Friends Of Rockbridge Swimming Inc is headquartered in Lexington, Virginia and files with the IRS under EIN 202034004. It is classified under NTEE code N30.
How many years of IRS 990 filings does Friends Of Rockbridge Swimming Inc have?
Friends Of Rockbridge Swimming Inc has 7 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 $388K in total revenue.
Is Friends Of Rockbridge Swimming Inc a good charity?
Based on the provided IRS 990 data, Friends Of Rockbridge Swimming Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, and a notable commitment to directing funds towards its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization has shown remarkable financial growth and stability. Revenue increased from $62,442 in 2017 to $347,693 in 2023, and assets grew from $56,190 to $393,872 in the same period, indicating a strong upward trend in financial capacity.
What is the organization's approach to executive compensation?
Friends Of Rockbridge Swimming Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or a highly efficient compensation structure that prioritizes program spending.
Filing History
IRS 990 filing history for Friends Of Rockbridge Swimming Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Friends Of Rockbridge Swimming Inc's revenue has grown by 456.8%, moving from $62K to $348K. Total assets increased by 601% over the same period, from $56K to $394K. Total functional expenses rose by 508.8%, from $53K to $322K. In its most recent filing year (2023), Friends Of Rockbridge Swimming Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $3K in liabilities against $394K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $391K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $348K | $322K | $394K | $3K | — | — |
| 2022 | $314K | $307K | $368K | $2K | — | — |
| 2021 | $307K | $263K | $360K | $699 | — | View 990 |
| 2020 | $426K | $201K | $317K | $1K | — | View 990 |
| 2019 | $196K | $175K | $92K | $1K | — | View 990 |
| 2018 | $141K | $127K | $70K | $195 | — | View 990 |
| 2017 | $62K | $53K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $348K, expenses of $322K, and assets of $394K (revenue +10.8% year-over-year).
- 2022: Revenue of $314K, expenses of $307K, and assets of $368K (revenue +2.3% year-over-year).
- 2021: Revenue of $307K, expenses of $263K, and assets of $360K (revenue -27.9% year-over-year).
- 2020: Revenue of $426K, expenses of $201K, and assets of $317K (revenue +117.5% year-over-year).
- 2019: Revenue of $196K, expenses of $175K, and assets of $92K (revenue +39.1% year-over-year).
- 2018: Revenue of $141K, expenses of $127K, and assets of $70K (revenue +125.3% year-over-year).
- 2017: Revenue of $62K, expenses of $53K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Rockbridge Swimming Inc:
Data Sources and Methodology
This transparency report for Friends Of Rockbridge Swimming 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.