Is Waterkeeper Alliance Inc Legit?

Waterkeeper Alliance Inc. demonstrates a fluctuating financial health over the past decade, with significant swings in both revenue and expenses. For instance, revenue peaked at over $20 million in 2017 but dropped to $8.8 million in 2023. While the organization reported zero officer compensation in all available filings, which is unusual for an organization of its size and could indicate compensation is reported under other categories or through related entities, it does suggest a commitment to minimizing direct executive pay. The organization's assets have also varied considerably, from a low of $2 million in 2016 to over $9 million in 2023, indicating periods of both growth and contraction. The most recent filing shows a positive net income with revenues of $8,822,541 exceeding expenses of $6,915,327, which is a positive sign for current financial stability. Spending efficiency appears to be a mixed bag. In some years, like 2023, expenses were significantly lower than revenue, leading to a surplus. However, in other years, such as 2022, expenses ($16,801,593) exceeded revenue ($15,198,182), indicating a deficit. The consistent reporting of 0% officer compensation across all filings is a notable point regarding transparency, though further detail on how leadership is compensated would provide a more complete picture. The organization's NTEE code C013 (Environmental Protection & Conservation) aligns with its mission, and the financial data suggests a substantial operational scale in pursuit of its goals.