Swiftwater Development Association Inc
EIN: 640528683 · Leland, MS · NTEE: Y22
| Metric | Value |
|---|---|
| Total Revenue | $134K |
| Total Expenses | $137K |
| Net Assets | $86K |
Is Swiftwater Development Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Swiftwater Development Association Inc
Swiftwater Development Association Inc (EIN: 640528683) is a nonprofit organization based in Leland, MS, classified under NTEE code Y22. The organization reported total revenue of $134K and total assets of $519K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swiftwater Development Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swiftwater Development Association Inc is a small nonprofit that has been operating for 27 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $137K |
| Surplus / Deficit | $-3,060 |
| Total Assets | $519K |
| Total Liabilities | $432K |
| Net Assets | $86K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 83.3% |
| Months of Reserves | 45.4 months |
Financial Health Grade: C
In 2018, Swiftwater Development Association Inc reported a deficit of $3K with expenses exceeding revenue, holds 45.4 months of operating reserves (strong position), has a debt-to-asset ratio of 83.3% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Swiftwater Development Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +10.0% | +20.7% | -1.9% |
| 2017 | +6.1% | -12.5% | -1.1% |
| 2016 | -4.6% | +13.1% | -3.4% |
| 2015 | +2.4% | -13.1% | -1.0% |
| 2014 | +33.4% | +6.7% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Swiftwater Development Association Inc 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 Swiftwater Development Association Inc 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.3%.
Frequently Asked Questions about Swiftwater Development Association Inc
Is Swiftwater Development Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Swiftwater Development Association Inc (EIN: 640528683) insufficient data. 0 red flags identified, 0 strengths noted.
How does Swiftwater Development Association Inc spend its money?
Detailed spending breakdown data is not yet available for Swiftwater Development Association Inc. Check back for updated IRS 990 analysis.
Are donations to Swiftwater Development Association Inc tax-deductible?
Swiftwater Development Association Inc is registered as a tax-exempt nonprofit (EIN: 640528683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Swiftwater Development Association Inc located?
Swiftwater Development Association Inc is headquartered in Leland, Mississippi and files with the IRS under EIN 640528683. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Swiftwater Development Association Inc have?
Swiftwater Development Association Inc has 8 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 $134K in total revenue.
Filing History
IRS 990 filing history for Swiftwater Development Association Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Swiftwater Development Association Inc's revenue has grown by 30.7%, moving from $103K to $134K. Total assets increased by 9.6% over the same period, from $473K to $519K. Total functional expenses rose by 18.6%, from $116K to $137K. In its most recent filing year (2018), Swiftwater Development Association Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $432K in liabilities against $519K in assets (debt-to-asset ratio: 83.3%), resulting in net assets of $86K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $134K | $137K | $519K | $432K | — | View 990 |
| 2017 | $122K | $114K | $528K | $439K | — | View 990 |
| 2016 | $115K | $130K | $534K | $453K | — | View 990 |
| 2015 | $120K | $115K | $553K | $457K | — | View 990 |
| 2014 | $118K | $132K | $558K | $468K | — | View 990 |
| 2013 | $88K | $124K | $564K | $459K | — | View 990 |
| 2012 | $98K | $115K | $452K | $312K | — | View 990 |
| 2011 | $103K | $116K | $473K | $315K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $134K, expenses of $137K, and assets of $519K (revenue +10.0% year-over-year).
- 2017: Revenue of $122K, expenses of $114K, and assets of $528K (revenue +6.1% year-over-year).
- 2016: Revenue of $115K, expenses of $130K, and assets of $534K (revenue -4.6% year-over-year).
- 2015: Revenue of $120K, expenses of $115K, and assets of $553K (revenue +2.4% year-over-year).
- 2014: Revenue of $118K, expenses of $132K, and assets of $558K (revenue +33.4% year-over-year).
- 2013: Revenue of $88K, expenses of $124K, and assets of $564K (revenue -10.4% year-over-year).
- 2012: Revenue of $98K, expenses of $115K, and assets of $452K (revenue -4.2% year-over-year).
- 2011: Revenue of $103K, expenses of $116K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swiftwater Development Association Inc:
Data Sources and Methodology
This transparency report for Swiftwater Development Association 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.