Klein Swim Academy Inc
EIN: 464112757 · Sarasota, FL · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $550K |
| Total Expenses | $546K |
| Net Assets | $63K |
Is Klein Swim Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Klein Swim Academy Inc
Klein Swim Academy Inc (EIN: 464112757) is a nonprofit organization based in Sarasota, FL, classified under NTEE code N67. The organization reported total revenue of $550K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klein Swim Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klein Swim Academy Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $546K |
| Surplus / Deficit | $-34,690 |
| Total Assets | $78K |
| Total Liabilities | $15K |
| Net Assets | $63K |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Klein Swim Academy Inc reported a deficit of $35K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Klein Swim Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | +2.9% | -24.3% |
| 2022 | +9.8% | +5.9% | +28.0% |
| 2021 | +43.6% | +43.2% | +4.5% |
| 2020 | -22.4% | -24.9% | -5.0% |
| 2019 | +4.6% | +11.5% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Klein Swim Academy Inc 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 Klein Swim Academy Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.2%.
Frequently Asked Questions about Klein Swim Academy Inc
Is Klein Swim Academy Inc a legitimate charity?
Klein Swim Academy Inc (EIN: 464112757) is a registered tax-exempt nonprofit based in Florida. It has 10 years of IRS 990 filings on record. Total revenue: $550K. No red flags identified. Financial health grade: C.
How does Klein Swim Academy Inc spend its money?
Klein Swim Academy Inc reported $550K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Klein Swim Academy Inc tax-deductible?
Klein Swim Academy Inc is registered as a tax-exempt nonprofit (EIN: 464112757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Klein Swim Academy Inc located?
Klein Swim Academy Inc is headquartered in Sarasota, Florida and files with the IRS under EIN 464112757. It is classified under NTEE code N67.
How many years of IRS 990 filings does Klein Swim Academy Inc have?
Klein Swim Academy Inc 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 $550K in total revenue.
Filing History
IRS 990 filing history for Klein Swim Academy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Klein Swim Academy Inc's revenue has grown by 174%, moving from $187K to $512K. Total assets increased by 565.2% over the same period, from $12K to $78K. Total functional expenses rose by 212.2%, from $175K to $546K. In its most recent filing year (2023), Klein Swim Academy Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $15K in liabilities against $78K in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $546K | $78K | $15K | — | — |
| 2022 | $551K | $531K | $103K | $5K | — | View 990 |
| 2021 | $502K | $501K | $81K | $3K | — | View 990 |
| 2020 | $350K | $350K | $77K | $1K | — | — |
| 2019 | $451K | $466K | $81K | $5K | — | View 990 |
| 2018 | $431K | $418K | $96K | $4K | — | View 990 |
| 2017 | $366K | $324K | $78K | $0 | — | — |
| 2016 | $289K | $259K | $36K | $0 | — | View 990 |
| 2015 | $227K | $232K | $7K | $149 | — | View 990 |
| 2014 | $187K | $175K | $12K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $546K, and assets of $78K (revenue -7.2% year-over-year).
- 2022: Revenue of $551K, expenses of $531K, and assets of $103K (revenue +9.8% year-over-year).
- 2021: Revenue of $502K, expenses of $501K, and assets of $81K (revenue +43.6% year-over-year).
- 2020: Revenue of $350K, expenses of $350K, and assets of $77K (revenue -22.4% year-over-year).
- 2019: Revenue of $451K, expenses of $466K, and assets of $81K (revenue +4.6% year-over-year).
- 2018: Revenue of $431K, expenses of $418K, and assets of $96K (revenue +17.7% year-over-year).
- 2017: Revenue of $366K, expenses of $324K, and assets of $78K (revenue +26.7% year-over-year).
- 2016: Revenue of $289K, expenses of $259K, and assets of $36K (revenue +27.4% year-over-year).
- 2015: Revenue of $227K, expenses of $232K, and assets of $7K (revenue +21.5% year-over-year).
- 2014: Revenue of $187K, expenses of $175K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klein Swim Academy Inc:
Data Sources and Methodology
This transparency report for Klein Swim Academy 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.