Race Swami
EIN: 274648408 · Salt Lake Cty, UT
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $188K |
| Net Assets | $32K |
Is Race Swami Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Race Swami
Race Swami (EIN: 274648408) is a nonprofit organization based in Salt Lake Cty, UT. The organization reported total revenue of $254K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Race Swami's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Race Swami is a small nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $188K |
| Surplus / Deficit | $-9,200 |
| Total Assets | $39K |
| Total Liabilities | $7K |
| Net Assets | $32K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Race Swami reported a deficit of $9K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Race Swami's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | -15.8% | -21.4% |
| 2022 | -9.0% | -0.3% | -44.0% |
| 2021 | -5.6% | +13.9% | -29.4% |
| 2020 | -13.5% | -19.9% | +46.0% |
| 2019 | +15.3% | +3.6% | -13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Race Swami 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 Race Swami 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.7%.
Frequently Asked Questions about Race Swami
Is Race Swami a legitimate charity?
Race Swami (EIN: 274648408) is a registered tax-exempt nonprofit based in Utah. It has 11 years of IRS 990 filings on record. Total revenue: $254K. No red flags identified. Financial health grade: C.
How does Race Swami spend its money?
Race Swami reported $254K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Race Swami tax-deductible?
Race Swami is registered as a tax-exempt nonprofit (EIN: 274648408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Race Swami located?
Race Swami is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 274648408.
How many years of IRS 990 filings does Race Swami have?
Race Swami has 11 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 $254K in total revenue.
Filing History
IRS 990 filing history for Race Swami showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Race Swami's revenue has grown by 42.9%, moving from $125K to $178K. Total assets increased by 20.3% over the same period, from $32K to $39K. Total functional expenses rose by 63.4%, from $115K to $188K. In its most recent filing year (2023), Race Swami reported a deficit of $9K, with expenses exceeding revenue. The organization holds $7K in liabilities against $39K in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $32K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $188K | $39K | $7K | — | — |
| 2022 | $185K | $223K | $49K | $8K | — | View 990 |
| 2021 | $204K | $223K | $88K | $9K | — | View 990 |
| 2020 | $216K | $196K | $124K | $21K | — | View 990 |
| 2019 | $249K | $245K | $85K | $2K | — | View 990 |
| 2018 | $216K | $237K | $98K | $19K | — | View 990 |
| 2017 | $261K | $249K | $109K | $10K | — | View 990 |
| 2016 | $204K | $189K | $91K | $4K | — | View 990 |
| 2015 | $154K | $141K | $75K | $3K | — | View 990 |
| 2014 | $165K | $134K | $63K | $4K | — | View 990 |
| 2013 | $125K | $115K | $32K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $188K, and assets of $39K (revenue -3.8% year-over-year).
- 2022: Revenue of $185K, expenses of $223K, and assets of $49K (revenue -9.0% year-over-year).
- 2021: Revenue of $204K, expenses of $223K, and assets of $88K (revenue -5.6% year-over-year).
- 2020: Revenue of $216K, expenses of $196K, and assets of $124K (revenue -13.5% year-over-year).
- 2019: Revenue of $249K, expenses of $245K, and assets of $85K (revenue +15.3% year-over-year).
- 2018: Revenue of $216K, expenses of $237K, and assets of $98K (revenue -17.2% year-over-year).
- 2017: Revenue of $261K, expenses of $249K, and assets of $109K (revenue +28.0% year-over-year).
- 2016: Revenue of $204K, expenses of $189K, and assets of $91K (revenue +32.1% year-over-year).
- 2015: Revenue of $154K, expenses of $141K, and assets of $75K (revenue -6.7% year-over-year).
- 2014: Revenue of $165K, expenses of $134K, and assets of $63K (revenue +32.4% year-over-year).
- 2013: Revenue of $125K, expenses of $115K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Race Swami:
Data Sources and Methodology
This transparency report for Race Swami 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.