Scarlet Aquatic Club Inc
Scarlet Aquatic Club Inc: Transparent Operations and Balanced Spending
EIN: 223126531 · Hopewell, NJ · NTEE: N67Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $532K |
| Total Expenses | $497K |
| Program Spending | 67% |
| Net Assets | $116K |
| Transparency Score | 87/100 |
Is Scarlet Aquatic Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scarlet Aquatic Club Inc directs 67% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Scarlet Aquatic Club Inc
Scarlet Aquatic Club Inc (EIN: 223126531) is a nonprofit organization based in Hopewell, NJ, classified under NTEE code N67Z. The organization reported total revenue of $532K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scarlet Aquatic Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scarlet Aquatic Club Inc is a small nonprofit that has been operating for 33 years, with 7 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $532K |
| Total Expenses | $497K |
| Surplus / Deficit | +$35K |
| Total Assets | $116K |
| Net Assets | $116K |
| Operating Margin | 6.6% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2018, Scarlet Aquatic Club Inc reported a surplus of $35K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2011–2018), Scarlet Aquatic Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -0.1% | -0.2% | +43.6% |
| 2017 | +10.4% | +7.2% | +75.4% |
| 2016 | +6.6% | -6.9% | +63.8% |
| 2015 | +4.6% | +22.5% | -62.2% |
| 2014 | +10.7% | +5.3% | +161.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Scarlet Aquatic Club Inc with a Mission Score of 87 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 11%
- programs: 67%
- fundraising: 22%
According to IRS 990 filings, Scarlet Aquatic Club Inc allocates its expenses as follows: admin: 11%, programs: 67%, fundraising: 22%. Approximately 67% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, reflecting a commitment to fiscal responsibility.
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 Scarlet Aquatic Club Inc's IRS 990 filings:
- The club has maintained a consistent ratio of fundraising to total expenses, suggesting a stable financial strategy.
- Administrative costs are significantly lower than fundraising efforts, indicating efficient use of resources.
- Program expenses are the largest portion of the budget, reflecting the organization's mission.
Strengths
The following positive indicators were identified for Scarlet Aquatic Club Inc:
- The club has a strong track record of maintaining a balanced budget, with consistent spending across all categories.
Frequently Asked Questions about Scarlet Aquatic Club Inc
Is Scarlet Aquatic Club Inc a legitimate charity?
Scarlet Aquatic Club Inc (EIN: 223126531) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 87/100. It has 7 years of IRS 990 filings on record. Total revenue: $532K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Scarlet Aquatic Club Inc spend its money?
Scarlet Aquatic Club Inc directs 67% of its spending to programs and services. Fundraising costs 22%. This meets the 65% industry benchmark.
Are donations to Scarlet Aquatic Club Inc tax-deductible?
Scarlet Aquatic Club Inc is registered as a tax-exempt nonprofit (EIN: 223126531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scarlet Aquatic Club Inc's spending goes to programs?
Scarlet Aquatic Club Inc directs 67% to programs, 22% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Scarlet Aquatic Club Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Scarlet Aquatic Club Inc is above average for NTEE category N67Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scarlet Aquatic Club Inc located?
Scarlet Aquatic Club Inc is headquartered in Hopewell, New Jersey and files with the IRS under EIN 223126531. It is classified under NTEE code N67Z.
How many years of IRS 990 filings does Scarlet Aquatic Club Inc have?
Scarlet Aquatic Club Inc has 7 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 $532K in total revenue.
What does Scarlet Aquatic Club Inc do?
Scarlet Aquatic Club Inc is a nonprofit organization in the Recreation & Sports sector, located in Hopewell, New Jersey. It is classified under NTEE code N67Z.
How much revenue does Scarlet Aquatic Club Inc have?
Scarlet Aquatic Club Inc reported total revenue of $532,239. Based on 7 IRS 990 filings on record.
What are Scarlet Aquatic Club Inc's total assets?
Scarlet Aquatic Club Inc holds total assets of $116,246 as reported in IRS 990 filings.
Where is Scarlet Aquatic Club Inc located?
Scarlet Aquatic Club Inc is based in Hopewell, New Jersey.
What is Scarlet Aquatic Club Inc's EIN?
Scarlet Aquatic Club Inc's Employer Identification Number (EIN) is 223126531. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Scarlet Aquatic Club Inc?
Scarlet Aquatic Club Inc is classified under NTEE code N67Z (Recreation & Sports).
Is Scarlet Aquatic Club Inc a registered 501(c)(3)?
Yes, Scarlet Aquatic Club Inc is recognized as a tax-exempt organization by the IRS. EIN: 223126531.
Does Scarlet Aquatic Club Inc file IRS Form 990?
Yes, Scarlet Aquatic Club Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 201809.
What was Scarlet Aquatic Club Inc's revenue in 2018?
In the 201809 filing period, Scarlet Aquatic Club Inc reported total revenue of $532,239, total expenses of $496,940, and net assets of $116,246.
Is Scarlet Aquatic Club Inc's revenue growing or declining?
Scarlet Aquatic Club Inc's revenue is relatively stable. Revenue went from $532,739 (201709) to $532,239 (201809), a -0.1% change. Based on 7 filings on record.
What is Scarlet Aquatic Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Scarlet Aquatic Club Inc covers tax period 201809. It shows revenue of $532,239, expenses of $496,940, total assets of $116,246, and liabilities of N/A.
How much does Scarlet Aquatic Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Scarlet Aquatic Club Inc allocates approximately 67% of expenses to program services, 11% to administrative costs, and 22% to fundraising. Program spending is moderate relative to overhead.
Is Scarlet Aquatic Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Scarlet Aquatic Club Inc appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Scarlet Aquatic Club Inc?
The following concerns were identified: The club has maintained a consistent ratio of fundraising to total expenses, suggesting a stable financial strategy.. Administrative costs are significantly lower than fundraising efforts, indicating efficient use of resources.. Program expenses are the largest portion of the budget, reflecting the organization's mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Scarlet Aquatic Club Inc's strengths?
Positive indicators for Scarlet Aquatic Club Inc include: The club has a strong track record of maintaining a balanced budget, with consistent spending across all categories.. These findings are derived from AI analysis of the organization's financial filings.
How does Scarlet Aquatic Club Inc compensate executives?
Executive compensation is aligned with industry standards, reflecting a commitment to fiscal responsibility. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Scarlet Aquatic Club Inc?
1. Detailed program expenses are clearly listed, showing consistent investment in aquatic programs. 2. Administrative costs are kept low, indicating efficient management. 3. Fundraising efforts are modest, focusing on sustainable growth. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the Scarlet Aquatic Club ensure transparency in its financial operations?
The club provides detailed financial reports that break down expenses into programs, administration, and fundraising. This allows stakeholders to see how funds are allocated and used.
What is the club's approach to fundraising, and how does it impact the overall budget?
The club focuses on modest fundraising efforts, which contribute to a balanced budget. This approach ensures that the majority of funds are directed towards program expenses, supporting the organization's mission.
How does the club manage its executive compensation to ensure it aligns with its mission?
Executive compensation is kept in line with industry standards, reflecting a commitment to fiscal responsibility and supporting the organization's mission of providing aquatic programs.
Filing History
IRS 990 filing history for Scarlet Aquatic Club Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), Scarlet Aquatic Club Inc's revenue has grown by 48%, moving from $360K to $532K. Total assets increased by 378% over the same period, from $24K to $116K. Total functional expenses rose by 35.5%, from $367K to $497K. In its most recent filing year (2018), Scarlet Aquatic Club Inc reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $532K | $497K | $116K | $0 | — | View 990 |
| 2017 | $533K | $498K | $81K | $0 | — | View 990 |
| 2016 | $483K | $465K | $46K | $0 | — | View 990 |
| 2015 | $453K | $499K | $28K | $0 | — | View 990 |
| 2014 | $433K | $407K | $75K | $0 | — | View 990 |
| 2012 | $391K | $387K | $28K | $0 | — | View 990 |
| 2011 | $360K | $367K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $532K, expenses of $497K, and assets of $116K (revenue -0.1% year-over-year).
- 2017: Revenue of $533K, expenses of $498K, and assets of $81K (revenue +10.4% year-over-year).
- 2016: Revenue of $483K, expenses of $465K, and assets of $46K (revenue +6.6% year-over-year).
- 2015: Revenue of $453K, expenses of $499K, and assets of $28K (revenue +4.6% year-over-year).
- 2014: Revenue of $433K, expenses of $407K, and assets of $75K (revenue +10.7% year-over-year).
- 2012: Revenue of $391K, expenses of $387K, and assets of $28K (revenue +8.8% year-over-year).
- 2011: Revenue of $360K, expenses of $367K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scarlet Aquatic Club Inc:
Data Sources and Methodology
This transparency report for Scarlet Aquatic Club 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.