American Watercraft Association Inc
American Watercraft Association consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 200520314 · Leesburg, VA · NTEE: M40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $206K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $150K |
| Transparency Score | 90/100 |
Is American Watercraft Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Watercraft Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Watercraft Association Inc
American Watercraft Association Inc (EIN: 200520314) is a nonprofit organization based in Leesburg, VA, classified under NTEE code M40. The organization reported total revenue of $233K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Watercraft Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Watercraft Association Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $206K |
| Surplus / Deficit | +$21K |
| Total Assets | $157K |
| Total Liabilities | $7K |
| Net Assets | $150K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, American Watercraft Association Inc reported a surplus of $21K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Watercraft Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +2.0% | +15.9% |
| 2022 | -12.7% | +5.3% | +20.5% |
| 2021 | +28.6% | -1.6% | +133.4% |
| 2020 | -8.1% | -4.7% | +30.0% |
| 2019 | +-0.0% | -1.8% | +71.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2005 |
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 American Watercraft Association 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, American Watercraft Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with revenues consistently over $200,000.
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.
Strengths
The following positive indicators were identified for American Watercraft Association Inc:
- Consistent financial surpluses (e.g., $20,734 surplus in 2023)
- Steady growth in assets over time (from $24,184 in 2014 to $156,713 in 2023)
- No reported officer compensation, indicating volunteer leadership and high efficiency
- Low and manageable liabilities relative to assets
- Stable revenue generation over the past decade
Frequently Asked Questions about American Watercraft Association Inc
Is American Watercraft Association Inc a legitimate charity?
American Watercraft Association Inc (EIN: 200520314) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $233K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does American Watercraft Association Inc spend its money?
American Watercraft Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to American Watercraft Association Inc tax-deductible?
American Watercraft Association Inc is registered as a tax-exempt nonprofit (EIN: 200520314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Watercraft Association Inc CEO make?
American Watercraft Association Inc's highest-compensated officer earns $200,000. annually. The organization reported $233K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Watercraft Association Inc's spending goes to programs?
American Watercraft Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Watercraft Association Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), American Watercraft Association Inc is above average for NTEE category M40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Watercraft Association Inc located?
American Watercraft Association Inc is headquartered in Leesburg, Virginia and files with the IRS under EIN 200520314. It is classified under NTEE code M40.
How many years of IRS 990 filings does American Watercraft Association Inc have?
American Watercraft Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $233K in total revenue.
Is American Watercraft Association Inc. financially stable?
Yes, the organization demonstrates strong financial stability, consistently reporting revenues exceeding expenses (e.g., $226,467 revenue vs. $205,733 expenses in 2023) and a growing asset base from $24,184 in 2014 to $156,713 in 2023.
How efficient is American Watercraft Association Inc. with its spending?
The organization appears highly efficient, especially given that 0% officer compensation is reported across all filings, suggesting a significant portion of funds can be directed towards programs and operations rather than executive salaries.
Does American Watercraft Association Inc. have a healthy balance sheet?
Yes, with assets consistently growing (e.g., $156,713 in 2023) and liabilities remaining low and manageable (e.g., $6,715 in 2023), the organization maintains a healthy balance sheet.
Filing History
IRS 990 filing history for American Watercraft Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Watercraft Association Inc's revenue has declined by 23.8%, moving from $297K to $226K. Total assets decreased by 14.5% over the same period, from $183K to $157K. Total functional expenses fell by 37.6%, from $330K to $206K. In its most recent filing year (2023), American Watercraft Association Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $7K in liabilities against $157K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $150K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $226K | $206K | $157K | $7K | — | — |
| 2022 | $226K | $202K | $135K | $6K | — | — |
| 2021 | $260K | $192K | $112K | $8K | — | View 990 |
| 2020 | $202K | $195K | $48K | $13K | — | — |
| 2019 | $220K | $204K | $37K | $9K | — | View 990 |
| 2018 | $220K | $208K | $22K | $8K | — | View 990 |
| 2017 | $224K | $229K | $34K | $32K | — | View 990 |
| 2016 | $227K | $219K | $41K | $37K | — | View 990 |
| 2015 | $217K | $226K | $28K | $31K | — | View 990 |
| 2014 | $216K | $260K | $24K | $19K | — | View 990 |
| 2013 | $229K | $281K | $52K | $2K | — | View 990 |
| 2012 | $241K | $295K | $119K | $17K | — | View 990 |
| 2011 | $297K | $330K | $183K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $226K, expenses of $206K, and assets of $157K (revenue +0.0% year-over-year).
- 2022: Revenue of $226K, expenses of $202K, and assets of $135K (revenue -12.7% year-over-year).
- 2021: Revenue of $260K, expenses of $192K, and assets of $112K (revenue +28.6% year-over-year).
- 2020: Revenue of $202K, expenses of $195K, and assets of $48K (revenue -8.1% year-over-year).
- 2019: Revenue of $220K, expenses of $204K, and assets of $37K (revenue +-0.0% year-over-year).
- 2018: Revenue of $220K, expenses of $208K, and assets of $22K (revenue -1.9% year-over-year).
- 2017: Revenue of $224K, expenses of $229K, and assets of $34K (revenue -1.4% year-over-year).
- 2016: Revenue of $227K, expenses of $219K, and assets of $41K (revenue +4.7% year-over-year).
- 2015: Revenue of $217K, expenses of $226K, and assets of $28K (revenue +0.4% year-over-year).
- 2014: Revenue of $216K, expenses of $260K, and assets of $24K (revenue -5.9% year-over-year).
- 2013: Revenue of $229K, expenses of $281K, and assets of $52K (revenue -4.8% year-over-year).
- 2012: Revenue of $241K, expenses of $295K, and assets of $119K (revenue -18.9% year-over-year).
- 2011: Revenue of $297K, expenses of $330K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Watercraft Association Inc:
Data Sources and Methodology
This transparency report for American Watercraft Association 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.