Quick charity verification for Water Sports Foundation Inc (EIN: 201947916)
Verdict: Water Sports Foundation Inc appears trustworthy
92/100Mission Score
$999KRevenue
$31KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero officer compensation across all filings, indicating strong commitment to mission.
Stable revenue generation over a decade, consistently operating around $1 million annually.
Transparent financial reporting with a long history of IRS 990 filings.
Expenses closely align with revenue, suggesting efficient use of funds without significant accumulation of idle assets.
Modest liabilities relative to assets, indicating responsible financial management.
Spending Breakdown
How Water Sports Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Water Sports Foundation Inc
Is Water Sports Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Water Sports Foundation Inc (EIN: 201947916) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Water Sports Foundation Inc a good charity to donate to?
Water Sports Foundation Inc has a Mission Score of 92/100. Revenue: $999K. Assets: $31K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Water Sports Foundation Inc?
The Employer Identification Number (EIN) for Water Sports Foundation Inc is 201947916. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Water Sports Foundation Inc spend its money?
Water Sports Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Water Sports Foundation Inc's tax-exempt status?
You can verify Water Sports Foundation Inc's tax-exempt status using EIN 201947916 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Water Sports Foundation Inc. demonstrates consistent operational activity, with revenues and expenses generally balancing out over the past decade, hovering around the $1 million to $1.7 million mark. While the organization's assets are relatively modest compared to its annual revenue, ranging from $31,280 to $355,212, this is not uncommon for organizations that primarily operate on a pass-through model for program delivery. The consistent reporting of zero officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a significant positive for financial health and donor confidence.
The organization's financial health appears stable, though it frequently operates with expenses closely matching or slightly exceeding revenue, as seen in 202312 (Expenses $976,539 vs. Revenue $961,009) and 202212 (Expenses $1,186,374 vs. Revenue $1,163,279). This suggests a tight operational budget with limited surplus accumulation. However, the consistent filing history and the absence of significant liabilities relative to assets (e.g., 202312 Assets $92,068 vs. Liabilities $97,795) indicate responsible financial management. The transparency is high due to the detailed and consistent IRS 990 filings, all showing zero officer compensation, which is a clear indicator of how funds are prioritized.
Overall, the Water Sports Foundation Inc. appears to be a financially sound and transparent organization, effectively utilizing its resources for its stated purpose. The consistent revenue generation and expense management, coupled with the lack of executive compensation, paint a picture of an organization focused on its mission. While asset growth is not a primary feature, the consistent operational scale suggests effective program delivery within its financial means.