Quick charity verification for World Aquatic Coalition Inc (EIN: 201534632)
Verdict: World Aquatic Coalition Inc appears trustworthy
80/100Mission Score
$1.1MRevenue
$105KAssets
2Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in 2022 ($1,158,411 vs $1,095,097) and 2023 ($1,199,412 vs $1,133,204), indicating operational deficits.
Liabilities ($100,411 in 2023) significantly exceeded assets ($71,047) in the most recent filing period, potentially indicating financial strain or reliance on short-term funding.
Strengths
Consistent annual revenue exceeding $1 million for most years, demonstrating a stable funding base.
Reported 0% officer compensation across all filings, indicating highly efficient use of funds at the executive level.
Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and transparency.
Spending Breakdown
How World Aquatic Coalition Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Aquatic Coalition Inc
Is World Aquatic Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, World Aquatic Coalition Inc (EIN: 201534632) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is World Aquatic Coalition Inc a good charity to donate to?
World Aquatic Coalition Inc has a Mission Score of 80/100. Revenue: $1.1M. Assets: $105K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for World Aquatic Coalition Inc?
The Employer Identification Number (EIN) for World Aquatic Coalition Inc is 201534632. 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 Aquatic Coalition Inc spend its money?
World Aquatic Coalition Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify World Aquatic Coalition Inc's tax-exempt status?
You can verify World Aquatic Coalition Inc's tax-exempt status using EIN 201534632 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
World Aquatic Coalition Inc. demonstrates a consistent operational history with revenues generally exceeding $1 million annually, though recent years show expenses slightly outpacing revenue, such as in 2023 where expenses were $1,199,412 against revenues of $1,133,204. The organization's assets have fluctuated but remain relatively modest compared to its annual revenue, with $71,047 in assets in 2023. A notable aspect is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, contributing positively to spending efficiency by minimizing overhead in this area.
The financial health appears stable, though the recent trend of expenses exceeding revenue (2022 and 2023) warrants attention to ensure long-term sustainability. The organization's liabilities have also seen an increase in recent years, reaching $100,411 in 2023, which is higher than its assets for that period. This could indicate reliance on short-term funding or pending obligations. The consistent filing of 14 IRS 990 forms over its history indicates a commitment to regulatory compliance and transparency.
Given the NTEE code P99 (Unknown/Other Environmental Quality, Protection, and Beautification), a detailed breakdown of program spending would further enhance transparency. However, the absence of officer compensation is a strong indicator of efficient use of funds at the leadership level.