Agua Fund Inc
Agua Fund Inc. maintains strong assets and zero officer compensation despite recent revenue shortfalls.
EIN: 113659697 · Front Royal, VA · NTEE: T22 · Updated: 2026-03-28
Is Agua Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Agua Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Agua Fund Inc
Agua Fund Inc (EIN: 113659697) is a nonprofit organization based in Front Royal, VA, classified under NTEE code T22. The organization reported total revenue of $10.8M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agua Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Agua Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Agua Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Agua Fund Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are directly allocated to executive salaries, which is highly commendable for a nonprofit of its size with assets over $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Agua Fund Inc's IRS 990 filings:
- Expenses exceeding revenue in recent years (2021-2023), potentially drawing down on assets if continued.
Strengths
The following positive indicators were identified for Agua Fund Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in resource allocation.
- Strong and growing asset base, providing financial stability and capacity.
- Low liabilities across most filing periods, demonstrating good financial management.
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Agua Fund Inc
Is Agua Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Agua Fund Inc (EIN: 113659697) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Agua Fund Inc spend its money?
Agua Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Agua Fund Inc tax-deductible?
Agua Fund Inc is registered as a tax-exempt nonprofit (EIN: 113659697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Agua Fund Inc. financially stable?
Yes, Agua Fund Inc. appears financially stable, with assets consistently exceeding liabilities. While recent years (2021-2023) show expenses exceeding revenue, the organization maintains a substantial asset base of $10,435,633 as of 2023, providing a buffer.
How does Agua Fund Inc. manage executive compensation?
Agua Fund Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers, which is a strong positive for donor trust and resource allocation.
What is the trend in Agua Fund Inc.'s revenue and expenses?
Revenue has fluctuated significantly over the years, from $123,871 in 2013 to $9,210,238 in 2012. In the most recent three years (2021-2023), expenses have exceeded revenue, with 2023 expenses at $3,983,885 against revenues of $3,254,507.
Has Agua Fund Inc.'s asset base grown over time?
Yes, the organization's assets have generally grown over the long term, from $2,839,946 in 2011 to $10,435,633 in 2023, although there has been a slight decrease from a peak of $13,215,794 in 2020.
Filing History
IRS 990 filing history for Agua Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Agua Fund Inc's revenue has grown by 5.1%, moving from $3.1M to $3.3M. Total assets increased by 267.5% over the same period, from $2.8M to $10.4M. Total functional expenses rose by 90.3%, from $2.1M to $4.0M. In its most recent filing year (2023), Agua Fund Inc reported a deficit of $729K, with expenses exceeding revenue. The organization holds $104K in liabilities against $10.4M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.0M | $10.4M | $104K | — | View 990 |
| 2022 | $3.6M | $4.0M | $11.1M | $6K | — | View 990 |
| 2021 | $1.6M | $3.3M | $11.5M | $49K | — | View 990 |
| 2020 | $4.1M | $3.3M | $13.2M | $62K | — | — |
| 2019 | $3.6M | $3.0M | $12.4M | $45K | — | View 990 |
| 2015 | $2.6M | $3.1M | $8.0M | $0 | — | View 990 |
| 2014 | $4.9M | $2.7M | $8.5M | $0 | — | View 990 |
| 2013 | $124K | $3.4M | $6.3M | $0 | — | View 990 |
| 2012 | $9.2M | $2.4M | $9.6M | $0 | — | View 990 |
| 2011 | $3.1M | $2.1M | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $4.0M, and assets of $10.4M (revenue -10.6% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.0M, and assets of $11.1M (revenue +127.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $3.3M, and assets of $11.5M (revenue -61.0% year-over-year).
- 2020: Revenue of $4.1M, expenses of $3.3M, and assets of $13.2M (revenue +12.8% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.0M, and assets of $12.4M (revenue +40.5% year-over-year).
- 2015: Revenue of $2.6M, expenses of $3.1M, and assets of $8.0M (revenue -47.2% year-over-year).
- 2014: Revenue of $4.9M, expenses of $2.7M, and assets of $8.5M (revenue +3857.4% year-over-year).
- 2013: Revenue of $124K, expenses of $3.4M, and assets of $6.3M (revenue -98.7% year-over-year).
- 2012: Revenue of $9.2M, expenses of $2.4M, and assets of $9.6M (revenue +197.6% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.1M, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Agua Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.