Gibbstown Swim Club
Gibbstown Swim Club significantly reduces liabilities, improving financial stability despite declining assets.
EIN: 210700967 · Gibbstown, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $237K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $221K |
| Transparency Score | 85/100 |
Is Gibbstown Swim Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gibbstown Swim Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gibbstown Swim Club
Gibbstown Swim Club (EIN: 210700967) is a nonprofit organization based in Gibbstown, NJ. The organization reported total revenue of $263K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gibbstown Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gibbstown Swim Club is a small nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $244K |
| Total Expenses | $237K |
| Surplus / Deficit | +$7K |
| Total Assets | $247K |
| Total Liabilities | $26K |
| Net Assets | $221K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Gibbstown Swim Club reported a surplus of $7K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gibbstown Swim Club's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | -1.9% | -16.3% |
| 2022 | +9.0% | -13.6% | -1.9% |
| 2021 | +25.4% | +62.4% | -6.8% |
| 2020 | -2.3% | -17.2% | -1.2% |
| 2019 | -16.6% | -2.7% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Gibbstown Swim Club with a Mission Score of 85 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, Gibbstown Swim Club 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely run by volunteers or has a very lean, uncompensated leadership structure, which is highly efficient for an organization of its size with revenues around $200,000-$250,000 annually.
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 Gibbstown Swim Club's IRS 990 filings:
- Declining asset base over the past decade (from $381,259 in 2014 to $246,854 in 2023)
Strengths
The following positive indicators were identified for Gibbstown Swim Club:
- Significant reduction in liabilities (from $465,690 in 2014 to $25,905 in 2023)
- Consistent reporting of 0% officer compensation, indicating efficient use of funds
- Long history of IRS 990 filings, demonstrating transparency
- Stable revenue and expense patterns, suggesting consistent operations
- Improved net asset position in recent years after previously having negative net assets
Frequently Asked Questions about Gibbstown Swim Club
Is Gibbstown Swim Club a legitimate charity?
Gibbstown Swim Club (EIN: 210700967) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $263K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Gibbstown Swim Club spend its money?
Gibbstown Swim Club directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gibbstown Swim Club tax-deductible?
Gibbstown Swim Club is registered as a tax-exempt nonprofit (EIN: 210700967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gibbstown Swim Club CEO make?
Gibbstown Swim Club's highest-compensated officer earns $200,000 annually. The organization reported $263K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gibbstown Swim Club's spending goes to programs?
Gibbstown Swim Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gibbstown Swim Club located?
Gibbstown Swim Club is headquartered in Gibbstown, New Jersey and files with the IRS under EIN 210700967.
How many years of IRS 990 filings does Gibbstown Swim Club have?
Gibbstown 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 $263K in total revenue.
Is Gibbstown Swim Club a good charity?
Based on the available financial data, Gibbstown Swim Club appears to be a well-managed organization. It has consistently filed its IRS 990s, shows no officer compensation, and has made significant strides in reducing its liabilities, improving its financial health. These factors suggest it is a responsible steward of its resources.
How has Gibbstown Swim Club's financial health changed over time?
Gibbstown Swim Club's financial health has significantly improved, particularly in its liability management. Liabilities decreased from $465,690 in 2014 to $25,905 in 2023. While assets have also declined from $381,259 to $246,854 over the same period, the dramatic reduction in debt has resulted in a much stronger balance sheet and positive net assets in recent years.
What is the trend in Gibbstown Swim Club's revenue and expenses?
Revenue and expenses for Gibbstown Swim Club have generally remained stable, fluctuating between approximately $170,000 and $280,000 annually over the past decade. In most years, expenses are closely matched with revenue, indicating a break-even or slight surplus/deficit operation, typical for a community-based club.
Does Gibbstown Swim Club pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that Gibbstown Swim Club does not pay its executives or key officers.
Filing History
IRS 990 filing history for Gibbstown Swim Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gibbstown Swim Club's revenue has grown by 51%, moving from $162K to $244K. Total assets decreased by 26.2% over the same period, from $334K to $247K. Total functional expenses rose by 38.3%, from $171K to $237K. In its most recent filing year (2023), Gibbstown Swim Club reported a surplus of $7K, with revenue exceeding expenses. The organization holds $26K in liabilities against $247K in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $244K | $237K | $247K | $26K | — | — |
| 2022 | $241K | $242K | $295K | $160K | — | View 990 |
| 2021 | $221K | $280K | $301K | $165K | — | View 990 |
| 2020 | $176K | $172K | $323K | $412K | — | View 990 |
| 2019 | $181K | $208K | $327K | $423K | — | View 990 |
| 2018 | $217K | $214K | $372K | $424K | — | View 990 |
| 2017 | $217K | $199K | $369K | $436K | — | View 990 |
| 2016 | $215K | $206K | $362K | $447K | — | View 990 |
| 2015 | $198K | $207K | $371K | $463K | — | View 990 |
| 2014 | $167K | $185K | $381K | $466K | — | View 990 |
| 2013 | $164K | $187K | $405K | $472K | — | View 990 |
| 2012 | $160K | $184K | $310K | $352K | — | View 990 |
| 2011 | $162K | $171K | $334K | $353K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $244K, expenses of $237K, and assets of $247K (revenue +1.2% year-over-year).
- 2022: Revenue of $241K, expenses of $242K, and assets of $295K (revenue +9.0% year-over-year).
- 2021: Revenue of $221K, expenses of $280K, and assets of $301K (revenue +25.4% year-over-year).
- 2020: Revenue of $176K, expenses of $172K, and assets of $323K (revenue -2.3% year-over-year).
- 2019: Revenue of $181K, expenses of $208K, and assets of $327K (revenue -16.6% year-over-year).
- 2018: Revenue of $217K, expenses of $214K, and assets of $372K (revenue +0.0% year-over-year).
- 2017: Revenue of $217K, expenses of $199K, and assets of $369K (revenue +0.9% year-over-year).
- 2016: Revenue of $215K, expenses of $206K, and assets of $362K (revenue +8.1% year-over-year).
- 2015: Revenue of $198K, expenses of $207K, and assets of $371K (revenue +18.8% year-over-year).
- 2014: Revenue of $167K, expenses of $185K, and assets of $381K (revenue +2.1% year-over-year).
- 2013: Revenue of $164K, expenses of $187K, and assets of $405K (revenue +2.2% year-over-year).
- 2012: Revenue of $160K, expenses of $184K, and assets of $310K (revenue -0.9% year-over-year).
- 2011: Revenue of $162K, expenses of $171K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gibbstown Swim Club:
Data Sources and Methodology
This transparency report for Gibbstown 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.