Southall Swim & Racquet Club Inc
501(c)(7)Recreation
Only null% goes to programs Strong reserves Growing revenue
Southall Swim & Racquet Club Inc is a 501(c)(7) organization based in Raleigh, North Carolina, registered in 2018, with $160,465 in FY2023 revenue. CharityIndex grades it B.
2605 Southall Rd, Raleigh, NC, 27604 EIN 58-1385970 Since 2018
Revenue (FY2023)
$160K
▲ 25.5% vs prior year
Recreation median: $129K
Expenses (FY2023)
$115K
Net assets
$193K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Southall Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southall Swim & Racquet Club Inc: 20 mo reserves · +28% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Southall Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southall Swim & Racquet Club Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2605 Southall Rd, Raleigh, NC, 27604
- City
- Raleigh
- State
- North Carolina
- Category
- Recreation & Sports
- Subcategory
- Community Recreation Centers
- Website
- …
Financial trends
Revenue grew from $64K (FY2019) to $160K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $193K
Operating margin
28.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$193K
Total liabilities
$0
Net assets
$193K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $160,465▲25.5% | $115,035▲23.6% | $193,217▲30.7% | $193,217▲30.7% | 990EZ |
| 2022 | $127,876▲30.7% | $93,034▼2.2% | $147,787▲30.8% | $147,787▲30.8% | 990EZ |
| 2021 | $97,839▲26.0% | $95,120▲17.6% | $112,945▲2.5% | $112,945▲2.5% | 990EZ |
| 2020 | $77,667▲20.4% | $80,885▲67.8% | $110,226▼2.9% | $110,226▼2.9% | 990EZ |
| 2019 | $64,482 | $48,191 | $113,525 | $113,525 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Southall Swim & Racquet Club Inc
Frequently asked questions
- Is Southall Swim & Racquet Club Inc a legitimate nonprofit?
- Yes. Southall Swim & Racquet Club Inc is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 58-1385970, based in Raleigh, North Carolina.
- What is Southall Swim & Racquet Club Inc's EIN?
- Southall Swim & Racquet Club Inc's Employer Identification Number (EIN) is 58-1385970.
- How much revenue does Southall Swim & Racquet Club Inc report?
- Southall Swim & Racquet Club Inc reported $160,465 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Southall Swim & Racquet Club Inc have?
- CharityIndex grades Southall Swim & Racquet Club Inc B, based on financial health (reserves and operating margin).
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Data for Southall Swim & Racquet Club Inc (EIN 58-1385970) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.