Swan Creek Rowing Club
Swan Creek Rowing Club maintains stable finances with volunteer leadership and no liabilities.
EIN: 10645917 · Lambertville, NJ · NTEE: N67 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $224K |
| Total Expenses | $56K |
| Program Spending | 90% |
| Net Assets | $92K |
| Transparency Score | 92/100 |
Is Swan Creek Rowing Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swan Creek Rowing Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swan Creek Rowing Club
Swan Creek Rowing Club (EIN: 10645917) is a nonprofit organization based in Lambertville, NJ, classified under NTEE code N67. The organization reported total revenue of $224K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swan Creek Rowing Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swan Creek Rowing Club is a small nonprofit that has been operating for 22 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $56K |
| Surplus / Deficit | +$9K |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | 13.6% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Swan Creek Rowing Club reported a surplus of $9K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Swan Creek Rowing Club's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | -5.8% | +10.5% |
| 2022 | -36.6% | -4.8% | -0.8% |
| 2021 | +86.4% | +23.1% | +56.0% |
| 2020 | -45.1% | -51.5% | -1.8% |
| 2019 | +3.9% | -8.3% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Swan Creek Rowing Club with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Swan Creek Rowing Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all seven years of filings, indicating a volunteer-led executive team. This significantly reduces administrative costs and maximizes funds available for programs.
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.
Strengths
The following positive indicators were identified for Swan Creek Rowing Club:
- Zero reported liabilities across all filings, indicating strong financial health.
- 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Consistent IRS 990 filing history, showing good transparency.
- Maintains a healthy asset base relative to its revenue, providing financial stability (e.g., $91,970 assets vs. $64,483 revenue in 2023).
- Lean operational structure, allowing a high percentage of expenses to go towards programs.
Frequently Asked Questions about Swan Creek Rowing Club
Is Swan Creek Rowing Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Swan Creek Rowing Club (EIN: 10645917) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Swan Creek Rowing Club spend its money?
Swan Creek Rowing Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Swan Creek Rowing Club tax-deductible?
Swan Creek Rowing Club is registered as a tax-exempt nonprofit (EIN: 10645917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Swan Creek Rowing Club compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Swan Creek Rowing Club is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Swan Creek Rowing Club located?
Swan Creek Rowing Club is headquartered in Lambertville, New Jersey and files with the IRS under EIN 10645917. It is classified under NTEE code N67.
How many years of IRS 990 filings does Swan Creek Rowing Club have?
Swan Creek Rowing Club 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 $224K in total revenue.
Is Swan Creek Rowing Club a good charity?
Based on the available IRS 990 data, Swan Creek Rowing Club appears to be a very good charity. They operate with no reported liabilities, maintain a healthy asset base, and have a volunteer-led executive team with 0% officer compensation, ensuring funds are primarily directed to their mission.
How does Swan Creek Rowing Club manage its finances?
Swan Creek Rowing Club manages its finances prudently, consistently operating without liabilities and maintaining a stable asset base (e.g., $91,970 in 2023). They generally balance their budget, sometimes generating small surpluses, and rely on volunteer leadership to keep overhead low.
What is the trend in Swan Creek Rowing Club's assets?
Swan Creek Rowing Club's assets have fluctuated but generally remained stable, starting at $95,477 in 2017 and ending at $91,970 in 2023, with a low of $53,763 in 2020. This indicates responsible management of their financial resources over time.
Filing History
IRS 990 filing history for Swan Creek Rowing Club showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Swan Creek Rowing Club's revenue has declined by 38.5%, moving from $105K to $64K. Total assets decreased by 3.7% over the same period, from $95K to $92K. Total functional expenses fell by 32.1%, from $82K to $56K. In its most recent filing year (2023), Swan Creek Rowing Club reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $56K | $92K | $0 | — | View 990 |
| 2022 | $59K | $59K | $83K | $0 | — | View 990 |
| 2021 | $92K | $62K | $84K | $0 | — | View 990 |
| 2020 | $50K | $50K | $54K | $0 | — | View 990 |
| 2019 | $90K | $104K | $55K | $0 | — | View 990 |
| 2018 | $87K | $114K | $69K | $0 | — | View 990 |
| 2017 | $105K | $82K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $56K, and assets of $92K (revenue +10.2% year-over-year).
- 2022: Revenue of $59K, expenses of $59K, and assets of $83K (revenue -36.6% year-over-year).
- 2021: Revenue of $92K, expenses of $62K, and assets of $84K (revenue +86.4% year-over-year).
- 2020: Revenue of $50K, expenses of $50K, and assets of $54K (revenue -45.1% year-over-year).
- 2019: Revenue of $90K, expenses of $104K, and assets of $55K (revenue +3.9% year-over-year).
- 2018: Revenue of $87K, expenses of $114K, and assets of $69K (revenue -17.2% year-over-year).
- 2017: Revenue of $105K, expenses of $82K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swan Creek Rowing Club:
Data Sources and Methodology
This transparency report for Swan Creek Rowing Club 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.