Swift Charities
Swift Charities maintains strong financial health with zero liabilities and no reported officer compensation despite recent revenue decline.
EIN: 203242524 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $650K |
| Total Expenses | $665K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Swift Charities Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swift Charities directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swift Charities
Swift Charities (EIN: 203242524) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $650K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swift Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swift Charities is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $872K |
| Total Expenses | $665K |
| Surplus / Deficit | +$206K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 23.7% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Swift Charities reported a surplus of $206K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Swift Charities's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -11.6% | +18.0% |
| 2022 | +12.3% | -35.1% | +14.1% |
| 2021 | -16.9% | +35.4% | -28.6% |
| 2020 | -32.7% | -30.9% | +10.6% |
| 2019 | +1.2% | -13.0% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Swift Charities with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Swift Charities allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $206K, with revenue exceeding expenses.
Executive Compensation Analysis
Swift Charities consistently reports 0% officer compensation across all 13 filings, indicating either a volunteer-led executive team or compensation structured outside of traditional officer roles, which is highly unusual for an organization of its size and revenue, and suggests a strong commitment to minimizing administrative overhead.
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 Swift Charities's IRS 990 filings:
- Significant decline in revenue from 2019 peak ($1.4M) to 2023 ($871K) without clear explanation.
- Unusually consistent 0% officer compensation across all filings, which might warrant deeper investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Swift Charities:
- Consistent reporting of zero liabilities across all 13 filings, indicating excellent financial management and no debt.
- Healthy asset accumulation, reaching over $1 million in 2023, demonstrating financial stability.
- Expenses consistently below revenue in most recent years, allowing for asset growth.
- Remarkable transparency and efficiency indicated by 0% reported officer compensation.
- Strong financial resilience, maintaining operations and assets despite revenue fluctuations.
Frequently Asked Questions about Swift Charities
Is Swift Charities a legitimate charity?
Swift Charities (EIN: 203242524) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $650K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Swift Charities spend its money?
Swift Charities directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Swift Charities tax-deductible?
Swift Charities is registered as a tax-exempt nonprofit (EIN: 203242524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Swift Charities's spending goes to programs?
Swift Charities directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Swift Charities compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Swift Charities is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Swift Charities located?
Swift Charities is headquartered in Phoenix, Arizona and files with the IRS under EIN 203242524. It is classified under NTEE code T20.
How many years of IRS 990 filings does Swift Charities have?
Swift Charities has 13 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 $650K in total revenue.
Is Swift Charities a good charity?
Based on the available financial data, Swift Charities appears to be a very good charity. They consistently operate without liabilities, maintain healthy asset levels, and notably report 0% officer compensation, suggesting a high dedication to their mission and efficient use of funds.
Why has Swift Charities' revenue declined since 2019?
Swift Charities' revenue peaked at $1,426,374 in 2019 and has since declined to $871,724 in 2023. The IRS 990 data alone does not specify the reasons for this decline, which could be due to various factors such as changes in funding sources, economic conditions, or strategic shifts.
How does Swift Charities manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual and suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is categorized under other expense lines not explicitly identified as 'officer compensation' on the 990, which would require reviewing the full 990 form for details.
Filing History
IRS 990 filing history for Swift Charities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Swift Charities's revenue has grown by 61.4%, moving from $540K to $872K. Total assets increased by 158.4% over the same period, from $409K to $1.1M. Total functional expenses rose by 110.2%, from $316K to $665K. In its most recent filing year (2023), Swift Charities reported a surplus of $206K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $872K | $665K | $1.1M | $0 | — | — |
| 2022 | $895K | $753K | $896K | $0 | — | View 990 |
| 2021 | $797K | $1.2M | $785K | $0 | — | View 990 |
| 2020 | $959K | $856K | $1.1M | $0 | — | View 990 |
| 2019 | $1.4M | $1.2M | $995K | $0 | — | View 990 |
| 2018 | $1.4M | $1.4M | $807K | $0 | — | View 990 |
| 2017 | $1.4M | $1.2M | $822K | $0 | — | View 990 |
| 2016 | $1.2M | $1.3M | $598K | $0 | — | View 990 |
| 2015 | $1.1M | $1.0M | $672K | $0 | — | View 990 |
| 2014 | $945K | $766K | $614K | $0 | — | View 990 |
| 2013 | $673K | $708K | $436K | $0 | — | View 990 |
| 2012 | $759K | $698K | $470K | $0 | — | View 990 |
| 2011 | $540K | $316K | $409K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $872K, expenses of $665K, and assets of $1.1M (revenue -2.6% year-over-year).
- 2022: Revenue of $895K, expenses of $753K, and assets of $896K (revenue +12.3% year-over-year).
- 2021: Revenue of $797K, expenses of $1.2M, and assets of $785K (revenue -16.9% year-over-year).
- 2020: Revenue of $959K, expenses of $856K, and assets of $1.1M (revenue -32.7% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $995K (revenue +1.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $807K (revenue -1.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $822K (revenue +16.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $598K (revenue +15.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $672K (revenue +12.4% year-over-year).
- 2014: Revenue of $945K, expenses of $766K, and assets of $614K (revenue +40.4% year-over-year).
- 2013: Revenue of $673K, expenses of $708K, and assets of $436K (revenue -11.3% year-over-year).
- 2012: Revenue of $759K, expenses of $698K, and assets of $470K (revenue +40.5% year-over-year).
- 2011: Revenue of $540K, expenses of $316K, and assets of $409K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swift Charities:
Data Sources and Methodology
This transparency report for Swift Charities 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.