Quick charity verification for World Aquaculture Institute Corporation (EIN: 202530846)
Verdict: World Aquaculture Institute Corporation shows mixed signals
45/100Mission Score
$4KRevenue
$3KAssets
4Red Flags
3Strengths
Red Flags
Dramatic decline in revenue from $91,800 (2017) to $4,200 (latest period).
Significant reduction in assets from $425,218 (2016) to $2,670 (latest period).
Sustained trend of decreasing financial activity over multiple years.
Expenses consistently close to revenue, indicating minimal financial growth or reserves.
Strengths
Consistent reporting of 0% officer compensation across all filings.
No reported liabilities in any filing period, indicating fiscal responsibility regarding debt.
Consistent filing of IRS Form 990s, demonstrating transparency.
Spending Breakdown
How World Aquaculture Institute Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 World Aquaculture Institute Corporation
Is World Aquaculture Institute Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, World Aquaculture Institute Corporation (EIN: 202530846) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is World Aquaculture Institute Corporation a good charity to donate to?
World Aquaculture Institute Corporation has a Mission Score of 45/100. Revenue: $4K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for World Aquaculture Institute Corporation?
The Employer Identification Number (EIN) for World Aquaculture Institute Corporation is 202530846. 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 World Aquaculture Institute Corporation spend its money?
World Aquaculture Institute Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify World Aquaculture Institute Corporation's tax-exempt status?
You can verify World Aquaculture Institute Corporation's tax-exempt status using EIN 202530846 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 World Aquaculture Institute Corporation exhibits a concerning trend of declining financial activity and asset base over its filing history. While the organization consistently reports zero officer compensation, which is a positive for donor confidence, its revenue has plummeted from a high of $91,800 in 2017 to just $4,200 in its latest reported period. This significant drop in income, coupled with a corresponding decrease in assets from $425,218 in 2016 to $2,670 currently, suggests a substantial scaling back of operations or potential financial distress. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses, but the consistent reporting of expenses close to revenue indicates minimal surplus generation in recent years.
The organization's transparency is generally good, as it consistently files its IRS Form 990s, providing public access to its financial data. However, the dramatic reduction in financial scale raises questions about its current operational capacity and long-term sustainability. Donors should be aware of the significant contraction in the organization's financial footprint and consider the implications for its ability to achieve its mission. The lack of liabilities across all reported periods is a positive indicator of fiscal responsibility, but it doesn't offset the overall trend of diminishing resources.