Alaqua Animal Refuge Inc
Alaqua Animal Refuge consistently grows assets and maintains surpluses with no reported officer compensation.
EIN: 20806313 · Freeport, FL · NTEE: D20 · Updated: 2026-03-28
Is Alaqua Animal Refuge Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alaqua Animal Refuge Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alaqua Animal Refuge Inc
Alaqua Animal Refuge Inc (EIN: 20806313) is a nonprofit organization based in Freeport, FL, classified under NTEE code D20. The organization reported total revenue of $8.8M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alaqua Animal Refuge Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alaqua Animal Refuge Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$430K |
| Total Assets | $10.5M |
| Total Liabilities | $182K |
| Net Assets | $10.3M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 33.5 months |
Financial Health Grade: A
In 2023, Alaqua Animal Refuge Inc reported a surplus of $430K with revenue exceeding expenses, holds 33.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alaqua Animal Refuge Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.7% | +14.3% | +5.1% |
| 2022 | -24.5% | +17.8% | -8.3% |
| 2021 | -16.0% | +52.6% | +25.8% |
| 2020 | -0.2% | +0.2% | +28.0% |
| 2019 | +13.1% | +27.2% | +43.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alaqua Animal Refuge Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Alaqua Animal Refuge Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $430K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $4 million and assets over $10 million, suggesting a volunteer-led executive team or alternative compensation structures.
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 Alaqua Animal Refuge Inc's IRS 990 filings:
- No reported officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency in leadership compensation or an unsustainable reliance on volunteer executive leadership.
Strengths
The following positive indicators were identified for Alaqua Animal Refuge Inc:
- Consistent revenue growth, with revenue increasing from $1,559,278 in 2014 to $4,176,880 in 2023.
- Strong asset accumulation, growing from $1,941,779 in 2014 to $10,465,816 in 2023.
- Consistent financial surpluses, with revenues generally exceeding expenses in most reported periods.
- Low liabilities relative to assets, indicating good financial stability (e.g., $181,827 liabilities vs. $10,465,816 assets in 2023).
Frequently Asked Questions about Alaqua Animal Refuge Inc
Is Alaqua Animal Refuge Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alaqua Animal Refuge Inc (EIN: 20806313) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Alaqua Animal Refuge Inc spend its money?
Alaqua Animal Refuge Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alaqua Animal Refuge Inc tax-deductible?
Alaqua Animal Refuge Inc is registered as a tax-exempt nonprofit (EIN: 20806313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Alaqua Animal Refuge Inc a good charity?
Based on the provided data, Alaqua Animal Refuge Inc appears to be a financially stable organization with consistent revenue and asset growth. The absence of reported officer compensation is a unique characteristic that could be viewed positively, indicating resources are directed elsewhere. However, a full assessment would require detailed program spending ratios.
How has Alaqua Animal Refuge Inc's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $1,559,278 in 2014 to $4,176,880 in 2023, and assets growing from $1,941,779 to $10,465,816 over the same period. This indicates strong financial management and expansion.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is an uncommon practice for an organization of this scale.
Filing History
IRS 990 filing history for Alaqua Animal Refuge Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alaqua Animal Refuge Inc's revenue has grown by 423.9%, moving from $797K to $4.2M. Total assets increased by 1258.2% over the same period, from $771K to $10.5M. Total functional expenses rose by 426.7%, from $711K to $3.7M. In its most recent filing year (2023), Alaqua Animal Refuge Inc reported a surplus of $430K, with revenue exceeding expenses. The organization holds $182K in liabilities against $10.5M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $3.7M | $10.5M | $182K | — | — |
| 2022 | $2.4M | $3.3M | $10.0M | $150K | — | View 990 |
| 2021 | $3.1M | $2.8M | $10.9M | $145K | — | View 990 |
| 2020 | $3.7M | $1.8M | $8.6M | $87K | — | — |
| 2019 | $3.7M | $1.8M | $6.7M | $169K | — | View 990 |
| 2018 | $3.3M | $1.4M | $4.7M | $32K | — | View 990 |
| 2017 | $2.0M | $1.3M | $2.9M | $70K | — | View 990 |
| 2016 | $1.0M | $967K | $2.2M | $123K | — | View 990 |
| 2015 | $1.2M | $893K | $2.2M | $180K | — | View 990 |
| 2014 | $1.6M | $854K | $1.9M | $204K | — | View 990 |
| 2013 | $1.4M | $672K | $1.3M | $264K | — | View 990 |
| 2012 | $483K | $620K | $573K | $280K | — | View 990 |
| 2011 | $797K | $711K | $771K | $340K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $3.7M, and assets of $10.5M (revenue +76.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $3.3M, and assets of $10.0M (revenue -24.5% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.8M, and assets of $10.9M (revenue -16.0% year-over-year).
- 2020: Revenue of $3.7M, expenses of $1.8M, and assets of $8.6M (revenue -0.2% year-over-year).
- 2019: Revenue of $3.7M, expenses of $1.8M, and assets of $6.7M (revenue +13.1% year-over-year).
- 2018: Revenue of $3.3M, expenses of $1.4M, and assets of $4.7M (revenue +63.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.3M, and assets of $2.9M (revenue +97.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $967K, and assets of $2.2M (revenue -13.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $893K, and assets of $2.2M (revenue -24.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $854K, and assets of $1.9M (revenue +10.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $672K, and assets of $1.3M (revenue +192.4% year-over-year).
- 2012: Revenue of $483K, expenses of $620K, and assets of $573K (revenue -39.4% year-over-year).
- 2011: Revenue of $797K, expenses of $711K, and assets of $771K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alaqua Animal Refuge Inc:
Data Sources and Methodology
This transparency report for Alaqua Animal Refuge 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.