Swingpals Inc
EIN: 274234469 · Durham, NC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $504K |
| Total Expenses | $443K |
| Net Assets | $509K |
Is Swingpals Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Swingpals Inc
Swingpals Inc (EIN: 274234469) is a nonprofit organization based in Durham, NC, classified under NTEE code O50. The organization reported total revenue of $504K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swingpals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swingpals Inc is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $481K |
| Total Expenses | $443K |
| Surplus / Deficit | +$38K |
| Total Assets | $527K |
| Total Liabilities | $18K |
| Net Assets | $509K |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2024, Swingpals Inc reported a surplus of $38K with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), Swingpals Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -12.9% | +38.5% | +10.4% |
| 2023 | +80.6% | +32.4% | +89.3% |
| 2022 | +33.0% | +45.5% | +35.8% |
| 2021 | +2.9% | -22.2% | +45.7% |
| 2020 | +23.4% | +49.6% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Swingpals 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 Swingpals 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Swingpals Inc
Is Swingpals Inc a legitimate charity?
Swingpals Inc (EIN: 274234469) is a registered tax-exempt nonprofit based in North Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $504K. No red flags identified. Financial health grade: A.
How does Swingpals Inc spend its money?
Swingpals Inc reported $504K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Swingpals Inc tax-deductible?
Swingpals Inc is registered as a tax-exempt nonprofit (EIN: 274234469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Swingpals Inc located?
Swingpals Inc is headquartered in Durham, North Carolina and files with the IRS under EIN 274234469. It is classified under NTEE code O50.
How many years of IRS 990 filings does Swingpals Inc have?
Swingpals Inc has 10 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 $504K in total revenue.
Filing History
IRS 990 filing history for Swingpals Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Swingpals Inc's revenue has grown by 763.8%, moving from $56K to $481K. Total assets increased by 408.5% over the same period, from $104K to $527K. Total functional expenses rose by 818.7%, from $48K to $443K. In its most recent filing year (2024), Swingpals Inc reported a surplus of $38K, with revenue exceeding expenses. The organization holds $18K in liabilities against $527K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $509K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $481K | $443K | $527K | $18K | — | — |
| 2023 | $551K | $320K | $477K | $8K | — | View 990 |
| 2022 | $305K | $242K | $252K | $12K | — | View 990 |
| 2021 | $230K | $166K | $185K | $7K | — | View 990 |
| 2020 | $223K | $214K | $127K | $12K | — | View 990 |
| 2019 | $181K | $143K | $113K | $8K | — | View 990 |
| 2018 | $121K | $105K | $73K | $5K | — | View 990 |
| 2017 | $29K | $62K | $55K | $4K | — | View 990 |
| 2016 | $56K | $73K | $88K | $3K | — | View 990 |
| 2015 | $56K | $48K | $104K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $481K, expenses of $443K, and assets of $527K (revenue -12.9% year-over-year).
- 2023: Revenue of $551K, expenses of $320K, and assets of $477K (revenue +80.6% year-over-year).
- 2022: Revenue of $305K, expenses of $242K, and assets of $252K (revenue +33.0% year-over-year).
- 2021: Revenue of $230K, expenses of $166K, and assets of $185K (revenue +2.9% year-over-year).
- 2020: Revenue of $223K, expenses of $214K, and assets of $127K (revenue +23.4% year-over-year).
- 2019: Revenue of $181K, expenses of $143K, and assets of $113K (revenue +49.6% year-over-year).
- 2018: Revenue of $121K, expenses of $105K, and assets of $73K (revenue +323.9% year-over-year).
- 2017: Revenue of $29K, expenses of $62K, and assets of $55K (revenue -48.7% year-over-year).
- 2016: Revenue of $56K, expenses of $73K, and assets of $88K (revenue +-0.0% year-over-year).
- 2015: Revenue of $56K, expenses of $48K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swingpals Inc:
Data Sources and Methodology
This transparency report for Swingpals 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.