Portsmouth Swim Team
Portsmouth Swim Team: Declining Revenue, Stable Assets
EIN: 223077308 · Portsmouth, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $669 |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $94K |
| Transparency Score | 70/100 |
Is Portsmouth Swim Team Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portsmouth Swim Team directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portsmouth Swim Team
Portsmouth Swim Team (EIN: 223077308) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $669 and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portsmouth Swim Team's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portsmouth Swim Team is a micro nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -35.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $669 |
| Total Expenses | $3K |
| Surplus / Deficit | $-2,000 |
| Total Assets | $94K |
| Net Assets | $94K |
| Operating Margin | -299.0% |
| Months of Reserves | 424.2 months |
Financial Health Grade: B
In 2022, Portsmouth Swim Team reported a deficit of $2K with expenses exceeding revenue, holds 424.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Portsmouth Swim Team's revenue has declined at a compound annual growth rate (CAGR) of -35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +736.3% | -82.0% | -2.1% |
| 2021 | -100.0% | -90.6% | -13.3% |
| 2020 | +1.1% | -7.8% | +9.3% |
| 2019 | -13.4% | -2.9% | -5.2% |
| 2018 | +1.2% | -4.1% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Portsmouth Swim Team with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Portsmouth Swim Team allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures are not provided in the available data.
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.
Red Flags
The following concerns were identified during AI analysis of Portsmouth Swim Team's IRS 990 filings:
- Significant revenue decline from $190,743 in 2018 to $669 in 2022.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Portsmouth Swim Team:
- Maintained stable asset base around $90,000-$110,000 over several years despite revenue volatility.
- Low liability reported across all years ($0 in most years, $1389 in 2017).
Frequently Asked Questions about Portsmouth Swim Team
Is Portsmouth Swim Team a legitimate charity?
Portsmouth Swim Team (EIN: 223077308) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $669. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Portsmouth Swim Team spend its money?
Portsmouth Swim Team directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Portsmouth Swim Team tax-deductible?
Portsmouth Swim Team is registered as a tax-exempt nonprofit (EIN: 223077308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portsmouth Swim Team's spending goes to programs?
Portsmouth Swim Team directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Portsmouth Swim Team located?
Portsmouth Swim Team is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 223077308.
How many years of IRS 990 filings does Portsmouth Swim Team have?
Portsmouth Swim Team 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 $669 in total revenue.
What does Portsmouth Swim Team do?
Portsmouth Swim Team is a nonprofit organization in the Unknown sector, located in Portsmouth, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Portsmouth Swim Team have?
Portsmouth Swim Team reported total revenue of $669. Based on 12 IRS 990 filings on record.
What are Portsmouth Swim Team's total assets?
Portsmouth Swim Team holds total assets of $94,356 as reported in IRS 990 filings.
Where is Portsmouth Swim Team located?
Portsmouth Swim Team is based in Portsmouth, New Hampshire.
What is Portsmouth Swim Team's EIN?
Portsmouth Swim Team's Employer Identification Number (EIN) is 223077308. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Portsmouth Swim Team?
Portsmouth Swim Team is classified under NTEE code Unknown (Unknown).
Is Portsmouth Swim Team a registered 501(c)(3)?
Portsmouth Swim Team appears in IRS records (EIN: 223077308). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Portsmouth Swim Team file IRS Form 990?
Yes, Portsmouth Swim Team has 12 IRS Form 990 filings on record. The most recent covers tax period 202205.
What was Portsmouth Swim Team's revenue in 2022?
In the 202205 filing period, Portsmouth Swim Team reported total revenue of $669, total expenses of $2,669, and net assets of $94,356.
Is Portsmouth Swim Team's revenue growing or declining?
Portsmouth Swim Team's revenue is growing. Revenue went from $80 (202105) to $669 (202205), a +736.3% change. Based on 12 filings on record.
What is Portsmouth Swim Team's most recent 990 filing?
The most recent IRS Form 990 filing for Portsmouth Swim Team covers tax period 202205. It shows revenue of $669, expenses of $2,669, total assets of $94,356, and liabilities of N/A.
How much does Portsmouth Swim Team spend on programs vs administration?
Based on IRS 990 analysis, Portsmouth Swim Team allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Portsmouth Swim Team a trustworthy charity?
Based on AI analysis of IRS 990 data, Portsmouth Swim Team appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Portsmouth Swim Team?
The following concerns were identified: Significant revenue decline from $190,743 in 2018 to $669 in 2022.. Lack of detailed expense breakdown (program, admin, fundraising) in provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Portsmouth Swim Team's strengths?
Positive indicators for Portsmouth Swim Team include: Maintained stable asset base around $90,000-$110,000 over several years despite revenue volatility.. Low liability reported across all years ($0 in most years, $1389 in 2017).. These findings are derived from AI analysis of the organization's financial filings.
How does Portsmouth Swim Team compensate executives?
Executive compensation cannot be assessed as specific figures are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the drastic drop in revenue from $166,967 in 2020 to $669 in 2022?
The provided data does not specify the reason for this significant revenue decrease, but it warrants further investigation into operational changes or external factors.
How does the organization sustain its operations and asset base with such low recent revenue?
With revenue of only $669 in 2022 and expenses of $2,669, the organization appears to be drawing from its assets or relying on other undisclosed funding sources to cover operational costs, as total assets remain at $94,356.
Filing History
IRS 990 filing history for Portsmouth Swim Team showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Portsmouth Swim Team's revenue has declined by 99.1%, moving from $76K to $669. Total assets increased by 96.5% over the same period, from $48K to $94K. Total functional expenses fell by 96.8%, from $84K to $3K. In its most recent filing year (2022), Portsmouth Swim Team reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $669 | $3K | $94K | $0 | — | View 990 |
| 2021 | $80 | $15K | $96K | $0 | — | — |
| 2020 | $167K | $157K | $111K | $0 | — | View 990 |
| 2019 | $165K | $171K | $102K | $0 | — | View 990 |
| 2018 | $191K | $176K | $107K | $0 | — | — |
| 2017 | $188K | $184K | $94K | $1K | — | — |
| 2016 | $176K | $164K | $88K | $0 | — | View 990 |
| 2015 | $163K | $185K | $76K | $0 | — | View 990 |
| 2014 | $159K | $147K | $97K | $0 | — | View 990 |
| 2013 | $136K | $123K | $84K | $0 | — | View 990 |
| 2012 | $115K | $93K | $71K | $0 | — | View 990 |
| 2011 | $76K | $84K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $669, expenses of $3K, and assets of $94K (revenue +736.3% year-over-year).
- 2021: Revenue of $80, expenses of $15K, and assets of $96K (revenue -100.0% year-over-year).
- 2020: Revenue of $167K, expenses of $157K, and assets of $111K (revenue +1.1% year-over-year).
- 2019: Revenue of $165K, expenses of $171K, and assets of $102K (revenue -13.4% year-over-year).
- 2018: Revenue of $191K, expenses of $176K, and assets of $107K (revenue +1.2% year-over-year).
- 2017: Revenue of $188K, expenses of $184K, and assets of $94K (revenue +7.1% year-over-year).
- 2016: Revenue of $176K, expenses of $164K, and assets of $88K (revenue +7.9% year-over-year).
- 2015: Revenue of $163K, expenses of $185K, and assets of $76K (revenue +2.4% year-over-year).
- 2014: Revenue of $159K, expenses of $147K, and assets of $97K (revenue +16.9% year-over-year).
- 2013: Revenue of $136K, expenses of $123K, and assets of $84K (revenue +18.0% year-over-year).
- 2012: Revenue of $115K, expenses of $93K, and assets of $71K (revenue +51.6% year-over-year).
- 2011: Revenue of $76K, expenses of $84K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portsmouth Swim Team:
Data Sources and Methodology
This transparency report for Portsmouth Swim Team 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.