Olentangy Swim Association Inc
EIN: 311435845 · Powell, OH · NTEE: N67
Is Olentangy Swim Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olentangy Swim Association Inc
Olentangy Swim Association Inc (EIN: 311435845) is a nonprofit organization based in Powell, OH, classified under NTEE code N67. The organization reported total revenue of $444K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olentangy Swim Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olentangy Swim Association Inc is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $472K |
| Total Expenses | $587K |
| Surplus / Deficit | $-115,248 |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | -24.4% |
| Months of Reserves | 30.3 months |
Financial Health Grade: B
In 2023, Olentangy Swim Association Inc reported a deficit of $115K with expenses exceeding revenue, holds 30.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Olentangy Swim Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +104.4% | -7.2% |
| 2022 | +17.9% | -13.3% | +11.5% |
| 2021 | +5481142.9% | +568.4% | +3.8% |
| 2020 | -100.0% | -83.4% | -3.5% |
| 2019 | +7.3% | -18.9% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olentangy Swim Association 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 Olentangy Swim Association 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 $115K, with expenses exceeding revenue.
Frequently Asked Questions about Olentangy Swim Association Inc
Is Olentangy Swim Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Olentangy Swim Association Inc (EIN: 311435845) insufficient data. 0 red flags identified, 0 strengths noted.
How does Olentangy Swim Association Inc spend its money?
Detailed spending breakdown data is not yet available for Olentangy Swim Association Inc. Check back for updated IRS 990 analysis.
Are donations to Olentangy Swim Association Inc tax-deductible?
Olentangy Swim Association Inc is registered as a tax-exempt nonprofit (EIN: 311435845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Olentangy Swim Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Olentangy Swim Association Inc's revenue has grown by 46.2%, moving from $323K to $472K. Total assets increased by 2.8% over the same period, from $1.4M to $1.5M. Total functional expenses rose by 181%, from $209K to $587K. In its most recent filing year (2023), Olentangy Swim Association Inc reported a deficit of $115K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $472K | $587K | $1.5M | $0 | — | — |
| 2022 | $452K | $287K | $1.6M | $0 | — | — |
| 2021 | $384K | $331K | $1.4M | $0 | — | View 990 |
| 2020 | $7 | $50K | $1.4M | $0 | — | View 990 |
| 2019 | $337K | $298K | $1.4M | $0 | — | View 990 |
| 2018 | $314K | $368K | $1.4M | $0 | — | View 990 |
| 2017 | $296K | $379K | $1.4M | $0 | — | View 990 |
| 2016 | $310K | $266K | $1.5M | $0 | — | View 990 |
| 2015 | $269K | $264K | $1.5M | $12K | — | View 990 |
| 2014 | $278K | $231K | $1.5M | $57K | — | View 990 |
| 2013 | $295K | $252K | $1.5M | $100K | — | View 990 |
| 2012 | $324K | $221K | $1.5M | $141K | — | View 990 |
| 2011 | $326K | $215K | $1.5M | $180K | — | View 990 |
| 2010 | $323K | $209K | $1.4M | $265K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $472K, expenses of $587K, and assets of $1.5M (revenue +4.4% year-over-year).
- 2022: Revenue of $452K, expenses of $287K, and assets of $1.6M (revenue +17.9% year-over-year).
- 2021: Revenue of $384K, expenses of $331K, and assets of $1.4M (revenue +5481142.9% year-over-year).
- 2020: Revenue of $7, expenses of $50K, and assets of $1.4M (revenue -100.0% year-over-year).
- 2019: Revenue of $337K, expenses of $298K, and assets of $1.4M (revenue +7.3% year-over-year).
- 2018: Revenue of $314K, expenses of $368K, and assets of $1.4M (revenue +6.0% year-over-year).
- 2017: Revenue of $296K, expenses of $379K, and assets of $1.4M (revenue -4.3% year-over-year).
- 2016: Revenue of $310K, expenses of $266K, and assets of $1.5M (revenue +15.1% year-over-year).
- 2015: Revenue of $269K, expenses of $264K, and assets of $1.5M (revenue -3.1% year-over-year).
- 2014: Revenue of $278K, expenses of $231K, and assets of $1.5M (revenue -5.7% year-over-year).
- 2013: Revenue of $295K, expenses of $252K, and assets of $1.5M (revenue -9.2% year-over-year).
- 2012: Revenue of $324K, expenses of $221K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2011: Revenue of $326K, expenses of $215K, and assets of $1.5M (revenue +0.9% year-over-year).
- 2010: Revenue of $323K, expenses of $209K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Olentangy Swim Association 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.