Heritage Skyline Swim Club
EIN: 516021061 · Wilmington, DE
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $210K |
| Net Assets | $121K |
Is Heritage Skyline Swim Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Skyline Swim Club
Heritage Skyline Swim Club (EIN: 516021061) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $238K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Skyline Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Skyline Swim Club is a small nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $210K |
| Surplus / Deficit | +$28K |
| Total Assets | $218K |
| Total Liabilities | $97K |
| Net Assets | $121K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 44.5% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2021, Heritage Skyline Swim Club reported a surplus of $28K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 44.5% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2021), Heritage Skyline Swim Club's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +44.7% | +17.3% | +11.1% |
| 2020 | -28.5% | -27.8% | -7.0% |
| 2019 | -7.3% | +0.6% | -7.9% |
| 2018 | -0.8% | +13.6% | -1.3% |
| 2017 | +14.8% | -11.3% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Skyline Swim Club 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 Heritage Skyline Swim Club 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.5%.
Frequently Asked Questions about Heritage Skyline Swim Club
Is Heritage Skyline Swim Club a legitimate charity?
Heritage Skyline Swim Club (EIN: 516021061) is a registered tax-exempt nonprofit based in Delaware. It has 10 years of IRS 990 filings on record. Total revenue: $238K. No red flags identified. Financial health grade: A.
How does Heritage Skyline Swim Club spend its money?
Heritage Skyline Swim Club reported $238K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heritage Skyline Swim Club tax-deductible?
Heritage Skyline Swim Club is registered as a tax-exempt nonprofit (EIN: 516021061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Skyline Swim Club located?
Heritage Skyline Swim Club is headquartered in Wilmington, Delaware and files with the IRS under EIN 516021061.
How many years of IRS 990 filings does Heritage Skyline Swim Club have?
Heritage Skyline Swim Club has 10 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 $238K in total revenue.
Filing History
IRS 990 filing history for Heritage Skyline Swim Club showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2021), Heritage Skyline Swim Club's revenue has grown by 37.4%, moving from $173K to $238K. Total assets decreased by 14.7% over the same period, from $256K to $218K. Total functional expenses rose by 16.3%, from $180K to $210K. In its most recent filing year (2021), Heritage Skyline Swim Club reported a surplus of $28K, with revenue exceeding expenses. The organization holds $97K in liabilities against $218K in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $121K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $238K | $210K | $218K | $97K | — | View 990 |
| 2020 | $165K | $179K | $197K | $104K | — | View 990 |
| 2019 | $230K | $248K | $211K | $105K | — | View 990 |
| 2018 | $249K | $246K | $229K | $106K | — | View 990 |
| 2017 | $251K | $217K | $232K | $105K | — | View 990 |
| 2016 | $218K | $244K | $204K | $108K | — | View 990 |
| 2015 | $217K | $264K | $6K | $0 | — | View 990 |
| 2014 | $226K | $196K | $218K | $0 | — | View 990 |
| 2012 | $207K | $220K | $237K | $107K | — | View 990 |
| 2011 | $173K | $180K | $256K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $238K, expenses of $210K, and assets of $218K (revenue +44.7% year-over-year).
- 2020: Revenue of $165K, expenses of $179K, and assets of $197K (revenue -28.5% year-over-year).
- 2019: Revenue of $230K, expenses of $248K, and assets of $211K (revenue -7.3% year-over-year).
- 2018: Revenue of $249K, expenses of $246K, and assets of $229K (revenue -0.8% year-over-year).
- 2017: Revenue of $251K, expenses of $217K, and assets of $232K (revenue +14.8% year-over-year).
- 2016: Revenue of $218K, expenses of $244K, and assets of $204K (revenue +0.6% year-over-year).
- 2015: Revenue of $217K, expenses of $264K, and assets of $6K (revenue -4.1% year-over-year).
- 2014: Revenue of $226K, expenses of $196K, and assets of $218K (revenue +9.5% year-over-year).
- 2012: Revenue of $207K, expenses of $220K, and assets of $237K (revenue +19.2% year-over-year).
- 2011: Revenue of $173K, expenses of $180K, and assets of $256K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Skyline Swim Club:
Data Sources and Methodology
This transparency report for Heritage Skyline 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.