Is Waterfront Alliance Inc Legit?

Quick charity verification for Waterfront Alliance Inc (EIN: 134355067)

Verdict: Waterfront Alliance Inc appears trustworthy

90/100Mission Score

$1.9MRevenue

$2.1MAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Consistent 0% officer compensation, indicating strong mission focus.
Significant revenue growth, particularly in the latest filing period (202312) to $3,485,195.
Strong asset growth, nearly doubling from $1,896,176 in 202212 to $3,044,989 in 202312.
Healthy financial surpluses in recent years, contributing to asset accumulation.
Low liabilities relative to assets, demonstrating strong financial solvency.

Spending Breakdown

How Waterfront Alliance Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Waterfront Alliance Inc

Is Waterfront Alliance Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Waterfront Alliance Inc (EIN: 134355067) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Waterfront Alliance Inc a good charity to donate to?

Waterfront Alliance Inc has a Mission Score of 90/100. Revenue: $1.9M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Waterfront Alliance Inc?

The Employer Identification Number (EIN) for Waterfront Alliance Inc is 134355067. 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 Waterfront Alliance Inc spend its money?

Waterfront Alliance Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Waterfront Alliance Inc's tax-exempt status?

You can verify Waterfront Alliance Inc's tax-exempt status using EIN 134355067 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

Waterfront Alliance Inc. demonstrates a generally healthy financial trajectory, with significant revenue growth in its latest filing period (202312) reaching $3,485,195, a substantial increase from the previous year's $2,284,710. This growth has also led to a strong increase in assets, nearly doubling from $1,896,176 in 202212 to $3,044,989 in 202312, indicating good financial management and accumulation of resources. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a focus on mission-driven spending rather than executive enrichment.

Spending efficiency appears robust, with expenses in 202312 at $2,353,327 against revenues of $3,485,195, suggesting a healthy surplus that contributes to asset growth. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the consistent lack of officer compensation implies a lean operational structure at the top. The organization's financial health has improved considerably over the past few years, moving from periods of expenses exceeding revenue (e.g., 202012, 201812, 201712, 201512) to consistent surpluses, particularly in the last three periods. This trend suggests improved fundraising and financial management strategies.

Overall, Waterfront Alliance Inc. exhibits strong financial health and a commitment to transparency, particularly through its consistent reporting of no officer compensation. The significant growth in revenue and assets, coupled with a positive expense-to-revenue ratio in recent years, positions the organization well for future program delivery. The consistent growth in assets and the low liabilities relative to assets further underscore its financial stability.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.