Raleigh Swimming Association
EIN: 561312540 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Net Assets | $1.0M |
Is Raleigh Swimming Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raleigh Swimming Association
Raleigh Swimming Association (EIN: 561312540) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $2.2M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raleigh Swimming Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raleigh Swimming Association is a mid-size nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-7,683 |
| Total Assets | $3.0M |
| Total Liabilities | $2.0M |
| Net Assets | $1.0M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 66.0% |
| Months of Reserves | 17.7 months |
Financial Health Grade: C
In 2023, Raleigh Swimming Association reported a deficit of $8K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 66.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Raleigh Swimming Association's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +6.6% | -3.2% |
| 2022 | +38.6% | +50.0% | +0.4% |
| 2021 | +11.2% | +4.5% | +5.5% |
| 2020 | +18.3% | +11.4% | +8.0% |
| 2019 | +5.4% | +5.5% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raleigh Swimming Association 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 Raleigh Swimming Association 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.0%.
Frequently Asked Questions about Raleigh Swimming Association
Is Raleigh Swimming Association a legitimate charity?
Raleigh Swimming Association (EIN: 561312540) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: C.
How does Raleigh Swimming Association spend its money?
Raleigh Swimming Association reported $2.2M 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 Raleigh Swimming Association tax-deductible?
Raleigh Swimming Association is registered as a tax-exempt nonprofit (EIN: 561312540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raleigh Swimming Association located?
Raleigh Swimming Association is headquartered in Raleigh, North Carolina and files with the IRS under EIN 561312540.
How many years of IRS 990 filings does Raleigh Swimming Association have?
Raleigh Swimming Association 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Raleigh Swimming Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Raleigh Swimming Association's revenue has grown by 197.5%, moving from $691K to $2.1M. Total assets increased by 1354.6% over the same period, from $209K to $3.0M. Total functional expenses rose by 170.2%, from $763K to $2.1M. In its most recent filing year (2023), Raleigh Swimming Association reported a deficit of $8K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $3.0M in assets (debt-to-asset ratio: 66.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.1M | $3.0M | $2.0M | — | View 990 |
| 2022 | $2.2M | $1.9M | $3.1M | $2.1M | — | View 990 |
| 2021 | $1.6M | $1.3M | $3.1M | $2.3M | — | — |
| 2020 | $1.4M | $1.2M | $3.0M | $2.4M | — | — |
| 2019 | $1.2M | $1.1M | $2.7M | $2.4M | — | View 990 |
| 2018 | $1.1M | $1.1M | $2.7M | $2.4M | — | View 990 |
| 2017 | $1.0M | $948K | $2.6M | $2.4M | — | View 990 |
| 2016 | $968K | $924K | $2.7M | $2.6M | — | View 990 |
| 2015 | $752K | $807K | $2.7M | $2.7M | — | View 990 |
| 2014 | $476K | $478K | $2.7M | $2.6M | — | View 990 |
| 2013 | $615K | $681K | $527K | $441K | — | View 990 |
| 2012 | $691K | $763K | $209K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.1M, and assets of $3.0M (revenue -4.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $3.1M (revenue +38.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $3.1M (revenue +11.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $3.0M (revenue +18.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue +5.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $2.7M (revenue +9.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $948K, and assets of $2.6M (revenue +5.5% year-over-year).
- 2016: Revenue of $968K, expenses of $924K, and assets of $2.7M (revenue +28.8% year-over-year).
- 2015: Revenue of $752K, expenses of $807K, and assets of $2.7M (revenue +58.0% year-over-year).
- 2014: Revenue of $476K, expenses of $478K, and assets of $2.7M (revenue -22.5% year-over-year).
- 2013: Revenue of $615K, expenses of $681K, and assets of $527K (revenue -11.0% year-over-year).
- 2012: Revenue of $691K, expenses of $763K, and assets of $209K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raleigh Swimming Association:
Data Sources and Methodology
This transparency report for Raleigh Swimming Association 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.