Lake Hiawatha Swim Club Inc
Lake Hiawatha Swim Club Inc. maintains stable finances with volunteer leadership and no liabilities.
EIN: 10687526 · Lake Hiawatha, NJ · NTEE: N67 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $164K |
| Program Spending | 90% |
| Net Assets | $76K |
| Transparency Score | 92/100 |
Is Lake Hiawatha Swim Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Hiawatha Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Hiawatha Swim Club Inc
Lake Hiawatha Swim Club Inc (EIN: 10687526) is a nonprofit organization based in Lake Hiawatha, NJ, classified under NTEE code N67. The organization reported total revenue of $179K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Hiawatha Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Hiawatha Swim Club Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $164K |
| Surplus / Deficit | +$22K |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | 12.0% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Lake Hiawatha Swim Club Inc reported a surplus of $22K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Lake Hiawatha Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | -17.0% | +41.3% |
| 2022 | -0.7% | +30.2% | -48.2% |
| 2021 | +142.0% | +11.9% | -3.1% |
| 2020 | -63.9% | -13.5% | -40.9% |
| 2019 | +0.8% | +23.1% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Lake Hiawatha Swim Club Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lake Hiawatha Swim Club Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $22K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for an organization 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 Lake Hiawatha Swim Club Inc:
- Consistent reporting of $0 liabilities, indicating strong financial health.
- 0% officer compensation, demonstrating volunteer leadership and high efficiency.
- Generally stable revenue streams over the past decade.
- Consistent filing of IRS Form 990s, indicating transparency.
- Positive net income in most recent filing (202312: Revenue $186,171 vs. Expenses $163,881).
Frequently Asked Questions about Lake Hiawatha Swim Club Inc
Is Lake Hiawatha Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Hiawatha Swim Club Inc (EIN: 10687526) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lake Hiawatha Swim Club Inc spend its money?
Lake Hiawatha Swim Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Hiawatha Swim Club Inc tax-deductible?
Lake Hiawatha Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 10687526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Hiawatha Swim Club Inc's spending goes to programs?
Lake Hiawatha Swim Club Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Hiawatha Swim Club Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lake Hiawatha Swim Club Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Hiawatha Swim Club Inc located?
Lake Hiawatha Swim Club Inc is headquartered in Lake Hiawatha, New Jersey and files with the IRS under EIN 10687526. It is classified under NTEE code N67.
How many years of IRS 990 filings does Lake Hiawatha Swim Club Inc have?
Lake Hiawatha Swim Club Inc 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 $179K in total revenue.
Is Lake Hiawatha Swim Club Inc. a good charity?
Based on the available financial data, Lake Hiawatha Swim Club Inc. appears to be a well-managed organization. It consistently reports zero liabilities, has volunteer leadership (0% officer compensation), and generally operates with revenues covering expenses, indicating financial stability. Its focus on a community swim club suggests direct program benefits.
How has the organization's revenue trended over time?
The organization's revenue has been relatively stable, typically ranging from $150,000 to $180,000 annually, with a notable dip in 2020 to $61,350, likely due to pandemic impacts. Revenue rebounded to $186,171 in 2023.
What is the organization's financial stability?
Lake Hiawatha Swim Club Inc. demonstrates strong financial stability, consistently reporting $0 in liabilities across all filings. This indicates that the organization is not burdened by debt and manages its finances prudently.
Filing History
IRS 990 filing history for Lake Hiawatha Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Hiawatha Swim Club Inc's revenue has grown by 21.8%, moving from $153K to $186K. Total assets increased by 222.9% over the same period, from $24K to $76K. Total functional expenses rose by 25.7%, from $130K to $164K. In its most recent filing year (2023), Lake Hiawatha Swim Club Inc reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $164K | $76K | $0 | — | View 990 |
| 2022 | $147K | $198K | $54K | $0 | — | — |
| 2021 | $148K | $152K | $104K | $0 | — | — |
| 2020 | $61K | $136K | $107K | $0 | — | — |
| 2019 | $170K | $157K | $182K | $0 | — | View 990 |
| 2018 | $168K | $127K | $169K | $0 | — | View 990 |
| 2017 | $177K | $173K | $128K | $0 | — | View 990 |
| 2016 | $174K | $155K | $124K | $1 | — | View 990 |
| 2015 | $163K | $159K | $105K | $0 | — | View 990 |
| 2014 | $158K | $157K | $101K | $0 | — | View 990 |
| 2013 | $148K | $109K | $100K | $0 | — | View 990 |
| 2012 | $143K | $106K | $61K | $0 | — | View 990 |
| 2011 | $153K | $130K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $164K, and assets of $76K (revenue +26.3% year-over-year).
- 2022: Revenue of $147K, expenses of $198K, and assets of $54K (revenue -0.7% year-over-year).
- 2021: Revenue of $148K, expenses of $152K, and assets of $104K (revenue +142.0% year-over-year).
- 2020: Revenue of $61K, expenses of $136K, and assets of $107K (revenue -63.9% year-over-year).
- 2019: Revenue of $170K, expenses of $157K, and assets of $182K (revenue +0.8% year-over-year).
- 2018: Revenue of $168K, expenses of $127K, and assets of $169K (revenue -4.7% year-over-year).
- 2017: Revenue of $177K, expenses of $173K, and assets of $128K (revenue +1.5% year-over-year).
- 2016: Revenue of $174K, expenses of $155K, and assets of $124K (revenue +6.6% year-over-year).
- 2015: Revenue of $163K, expenses of $159K, and assets of $105K (revenue +3.4% year-over-year).
- 2014: Revenue of $158K, expenses of $157K, and assets of $101K (revenue +6.6% year-over-year).
- 2013: Revenue of $148K, expenses of $109K, and assets of $100K (revenue +3.4% year-over-year).
- 2012: Revenue of $143K, expenses of $106K, and assets of $61K (revenue -6.2% year-over-year).
- 2011: Revenue of $153K, expenses of $130K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Hiawatha Swim Club Inc:
Data Sources and Methodology
This transparency report for Lake Hiawatha Swim Club 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.