Paducah Swimming Incorporated
EIN: 611284218 · Paducah, KY · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $113K |
| Net Assets | $16K |
Is Paducah Swimming Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Paducah Swimming Incorporated
Paducah Swimming Incorporated (EIN: 611284218) is a nonprofit organization based in Paducah, KY, classified under NTEE code N67. The organization reported total revenue of $75K and total assets of $546 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paducah Swimming Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paducah Swimming Incorporated is a micro nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $113K |
| Surplus / Deficit | $-9,523 |
| Total Assets | $17K |
| Total Liabilities | $2K |
| Net Assets | $16K |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Paducah Swimming Incorporated reported a deficit of $10K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Paducah Swimming Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -29.1% | -35.1% |
| 2022 | -25.7% | -3.4% | -65.4% |
| 2019 | -100.0% | -97.4% | -4.6% |
| 2018 | +4.1% | +25.5% | -24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Paducah Swimming Incorporated 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 Paducah Swimming Incorporated 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.1%.
Frequently Asked Questions about Paducah Swimming Incorporated
Is Paducah Swimming Incorporated a legitimate charity?
Paducah Swimming Incorporated (EIN: 611284218) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $75K. No red flags identified. Financial health grade: C.
How does Paducah Swimming Incorporated spend its money?
Paducah Swimming Incorporated reported $75K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Paducah Swimming Incorporated tax-deductible?
Paducah Swimming Incorporated is registered as a tax-exempt nonprofit (EIN: 611284218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Paducah Swimming Incorporated located?
Paducah Swimming Incorporated is headquartered in Paducah, Kentucky and files with the IRS under EIN 611284218. It is classified under NTEE code N67.
How many years of IRS 990 filings does Paducah Swimming Incorporated have?
Paducah Swimming Incorporated has 12 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 $75K in total revenue.
Filing History
IRS 990 filing history for Paducah Swimming Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Paducah Swimming Incorporated's revenue has grown by 17.2%, moving from $88K to $103K. Total assets decreased by 83.7% over the same period, from $107K to $17K. Total functional expenses rose by 19.3%, from $94K to $113K. In its most recent filing year (2023), Paducah Swimming Incorporated reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2K in liabilities against $17K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $113K | $17K | $2K | — | View 990 |
| 2022 | $110K | $159K | $27K | $2K | — | View 990 |
| 2021 | $148K | $164K | $78K | $3K | — | — |
| 2019 | $0 | $6K | $117K | $2K | — | View 990 |
| 2018 | $187K | $221K | $123K | $2K | — | View 990 |
| 2017 | $179K | $176K | $162K | $7K | — | View 990 |
| 2016 | $167K | $136K | $152K | $765 | — | View 990 |
| 2015 | $158K | $175K | $122K | $2K | — | View 990 |
| 2014 | $156K | $140K | $139K | $2K | — | View 990 |
| 2013 | $126K | $108K | $122K | $821 | — | View 990 |
| 2012 | $86K | $87K | $104K | $868 | — | View 990 |
| 2011 | $88K | $94K | $107K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $113K, and assets of $17K (revenue -5.9% year-over-year).
- 2022: Revenue of $110K, expenses of $159K, and assets of $27K (revenue -25.7% year-over-year).
- 2021: Revenue of $148K, expenses of $164K, and assets of $78K.
- 2019: Revenue of $0, expenses of $6K, and assets of $117K (revenue -100.0% year-over-year).
- 2018: Revenue of $187K, expenses of $221K, and assets of $123K (revenue +4.1% year-over-year).
- 2017: Revenue of $179K, expenses of $176K, and assets of $162K (revenue +7.1% year-over-year).
- 2016: Revenue of $167K, expenses of $136K, and assets of $152K (revenue +6.1% year-over-year).
- 2015: Revenue of $158K, expenses of $175K, and assets of $122K (revenue +1.5% year-over-year).
- 2014: Revenue of $156K, expenses of $140K, and assets of $139K (revenue +23.2% year-over-year).
- 2013: Revenue of $126K, expenses of $108K, and assets of $122K (revenue +46.3% year-over-year).
- 2012: Revenue of $86K, expenses of $87K, and assets of $104K (revenue -1.9% year-over-year).
- 2011: Revenue of $88K, expenses of $94K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paducah Swimming Incorporated:
Data Sources and Methodology
This transparency report for Paducah Swimming Incorporated 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.