Swimmers Inc
Swimmers Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20238344 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $179K |
| Program Spending | 80% |
| Net Assets | $354K |
| Transparency Score | 85/100 |
Is Swimmers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swimmers Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swimmers Inc
Swimmers Inc (EIN: 20238344) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $256K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swimmers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swimmers Inc is a small nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $179K |
| Surplus / Deficit | +$35K |
| Total Assets | $357K |
| Total Liabilities | $3K |
| Net Assets | $354K |
| Operating Margin | 16.3% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2023, Swimmers Inc reported a surplus of $35K with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Swimmers Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | -14.6% | +11.6% |
| 2022 | +7.3% | +18.4% | -6.3% |
| 2021 | +1.3% | +2.4% | +-0.0% |
| 2020 | -14.5% | -8.8% | +4.8% |
| 2019 | -4.2% | +6.2% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Swimmers Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Swimmers Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Swimmers Inc has consistently reported 0% officer compensation across all available filings, suggesting a volunteer-led organization or that compensation levels are below IRS reporting thresholds, which is positive for resource allocation.
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 Swimmers Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (programs, admin, fundraising) in provided data prevents full spending efficiency analysis.
Strengths
The following positive indicators were identified for Swimmers Inc:
- Consistent asset growth, from $260,469 in 201612 to $357,242 in 202312, indicating financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Generally positive revenue trend, with latest revenue at $214,064 exceeding expenses of $179,095.
- Low liabilities relative to assets, with $3,077 in liabilities against $357,242 in assets in 202312.
Frequently Asked Questions about Swimmers Inc
Is Swimmers Inc a legitimate charity?
Swimmers Inc (EIN: 20238344) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $256K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Swimmers Inc spend its money?
Swimmers Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Swimmers Inc tax-deductible?
Swimmers Inc is registered as a tax-exempt nonprofit (EIN: 20238344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Swimmers Inc's spending goes to programs?
Swimmers Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Swimmers Inc located?
Swimmers Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20238344.
How many years of IRS 990 filings does Swimmers Inc have?
Swimmers Inc 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 $256K in total revenue.
Is Swimmers Inc a good charity?
Based on the provided financial data, Swimmers Inc appears to be a financially stable organization with consistent revenue and asset growth, and no reported officer compensation, which are positive indicators. However, a full assessment would require detailed program spending information.
How has Swimmers Inc's financial health changed over time?
Swimmers Inc has shown a positive trend in financial health, with assets growing from $260,469 in 201612 to $357,242 in 202312, and revenue generally increasing from $189,691 in 201612 to $214,064 in 202312, despite some years where expenses exceeded revenue.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, indicating that its leadership may be entirely volunteer-based or that any compensation provided is below the IRS reporting threshold for officers.
Filing History
IRS 990 filing history for Swimmers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Swimmers Inc's revenue has grown by 16.1%, moving from $184K to $214K. Total assets increased by 30.5% over the same period, from $274K to $357K. Total functional expenses rose by 4.1%, from $172K to $179K. In its most recent filing year (2023), Swimmers Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $3K in liabilities against $357K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $354K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $179K | $357K | $3K | — | — |
| 2022 | $194K | $210K | $320K | $980 | — | View 990 |
| 2021 | $181K | $177K | $342K | $7K | — | View 990 |
| 2020 | $179K | $173K | $342K | $11K | — | View 990 |
| 2019 | $209K | $190K | $326K | $980 | — | View 990 |
| 2018 | $218K | $179K | $307K | $980 | — | View 990 |
| 2017 | $182K | $176K | $267K | $980 | — | View 990 |
| 2016 | $190K | $217K | $260K | $0 | — | View 990 |
| 2015 | $188K | $195K | $288K | $0 | — | View 990 |
| 2014 | $167K | $171K | $295K | $0 | — | View 990 |
| 2013 | $171K | $166K | $299K | $0 | — | View 990 |
| 2012 | $181K | $147K | $294K | $0 | — | View 990 |
| 2011 | $184K | $172K | $274K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $179K, and assets of $357K (revenue +10.3% year-over-year).
- 2022: Revenue of $194K, expenses of $210K, and assets of $320K (revenue +7.3% year-over-year).
- 2021: Revenue of $181K, expenses of $177K, and assets of $342K (revenue +1.3% year-over-year).
- 2020: Revenue of $179K, expenses of $173K, and assets of $342K (revenue -14.5% year-over-year).
- 2019: Revenue of $209K, expenses of $190K, and assets of $326K (revenue -4.2% year-over-year).
- 2018: Revenue of $218K, expenses of $179K, and assets of $307K (revenue +19.6% year-over-year).
- 2017: Revenue of $182K, expenses of $176K, and assets of $267K (revenue -3.9% year-over-year).
- 2016: Revenue of $190K, expenses of $217K, and assets of $260K (revenue +0.9% year-over-year).
- 2015: Revenue of $188K, expenses of $195K, and assets of $288K (revenue +12.6% year-over-year).
- 2014: Revenue of $167K, expenses of $171K, and assets of $295K (revenue -2.2% year-over-year).
- 2013: Revenue of $171K, expenses of $166K, and assets of $299K (revenue -5.9% year-over-year).
- 2012: Revenue of $181K, expenses of $147K, and assets of $294K (revenue -1.7% year-over-year).
- 2011: Revenue of $184K, expenses of $172K, and assets of $274K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swimmers Inc:
Data Sources and Methodology
This transparency report for Swimmers 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.