Aqua Africa Inc
Aqua Africa Inc. faces recent financial deficits despite strong program focus and no officer compensation.
EIN: 205675703 · Omaha, NE · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $605K |
| Program Spending | 85% |
| Net Assets | $301K |
| Transparency Score | 80/100 |
Is Aqua Africa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aqua Africa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aqua Africa Inc
Aqua Africa Inc (EIN: 205675703) is a nonprofit organization based in Omaha, NE, classified under NTEE code Q33. The organization reported total revenue of $386K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aqua Africa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aqua Africa Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $605K |
| Surplus / Deficit | $-139,852 |
| Total Assets | $302K |
| Total Liabilities | $974 |
| Net Assets | $301K |
| Operating Margin | -30.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Aqua Africa Inc reported a deficit of $140K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Aqua Africa Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.9% | +22.1% | -30.9% |
| 2022 | +142.2% | +26.4% | +123.6% |
| 2021 | -9.8% | -0.4% | -30.1% |
| 2020 | -19.9% | +20.1% | -15.1% |
| 2019 | +28.8% | +6.1% | +40.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Aqua Africa Inc with a Mission Score of 80 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, Aqua Africa 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 deficit of $140K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Aqua Africa Inc. reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is a strong positive for resource allocation directly to mission.
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 Aqua Africa Inc's IRS 990 filings:
- Recurring deficits in recent years (202312, 202112, 202012) where expenses exceeded revenue.
- Significant decrease in assets from $437,345 in 202212 to $302,375 in 202312.
Strengths
The following positive indicators were identified for Aqua Africa Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Strong program focus, with a high estimated percentage of spending directed towards programs.
- Long operating history with 11 filings, demonstrating sustained commitment to its mission.
- Significant revenue generation in some periods, such as $737,432 in 202212.
Frequently Asked Questions about Aqua Africa Inc
Is Aqua Africa Inc a legitimate charity?
Aqua Africa Inc (EIN: 205675703) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 80/100. It has 11 years of IRS 990 filings on record. Total revenue: $386K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Aqua Africa Inc spend its money?
Aqua Africa Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Aqua Africa Inc tax-deductible?
Aqua Africa Inc is registered as a tax-exempt nonprofit (EIN: 205675703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aqua Africa Inc's spending goes to programs?
Aqua Africa Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aqua Africa Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Aqua Africa Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aqua Africa Inc located?
Aqua Africa Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 205675703. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Aqua Africa Inc have?
Aqua Africa Inc has 11 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 $386K in total revenue.
Is Aqua Africa Inc. financially stable?
Aqua Africa Inc. has experienced periods of financial instability, notably in 202312, 202112, and 202012, where expenses exceeded revenue. While they had a strong surplus in 202212, the recent deficit and decline in assets suggest a need for improved financial planning to ensure long-term stability.
How does Aqua Africa Inc. manage its administrative costs?
Given the 0% officer compensation reported across all filings, it suggests that administrative costs are kept very low, or that key personnel are volunteers, allowing a greater proportion of funds to be directed towards program services.
What caused the significant drop in assets from 202212 to 202312?
The drop in assets from $437,345 in 202212 to $302,375 in 202312 is primarily due to the organization's expenses ($605,237) significantly exceeding its revenue ($465,385) in the 202312 period, resulting in a net loss of $139,852.
Filing History
IRS 990 filing history for Aqua Africa Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Aqua Africa Inc's revenue has grown by 278.6%, moving from $123K to $465K. Total assets increased by 543.7% over the same period, from $47K to $302K. Total functional expenses rose by 561.6%, from $91K to $605K. In its most recent filing year (2023), Aqua Africa Inc reported a deficit of $140K, with expenses exceeding revenue. The organization holds $974 in liabilities against $302K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $465K | $605K | $302K | $974 | — | — |
| 2022 | $737K | $496K | $437K | $2K | — | View 990 |
| 2021 | $305K | $392K | $196K | $4K | — | View 990 |
| 2020 | $338K | $394K | $280K | $233 | — | View 990 |
| 2019 | $421K | $328K | $329K | $3K | — | View 990 |
| 2018 | $327K | $309K | $235K | $2K | — | View 990 |
| 2017 | $294K | $202K | $221K | $6K | — | View 990 |
| 2016 | $134K | $200K | $125K | $2K | — | View 990 |
| 2015 | $254K | $227K | $188K | $103 | — | View 990 |
| 2014 | $302K | $171K | $163K | $526 | — | View 990 |
| 2013 | $123K | $91K | $47K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $465K, expenses of $605K, and assets of $302K (revenue -36.9% year-over-year).
- 2022: Revenue of $737K, expenses of $496K, and assets of $437K (revenue +142.2% year-over-year).
- 2021: Revenue of $305K, expenses of $392K, and assets of $196K (revenue -9.8% year-over-year).
- 2020: Revenue of $338K, expenses of $394K, and assets of $280K (revenue -19.9% year-over-year).
- 2019: Revenue of $421K, expenses of $328K, and assets of $329K (revenue +28.8% year-over-year).
- 2018: Revenue of $327K, expenses of $309K, and assets of $235K (revenue +11.2% year-over-year).
- 2017: Revenue of $294K, expenses of $202K, and assets of $221K (revenue +119.2% year-over-year).
- 2016: Revenue of $134K, expenses of $200K, and assets of $125K (revenue -47.1% year-over-year).
- 2015: Revenue of $254K, expenses of $227K, and assets of $188K (revenue -16.1% year-over-year).
- 2014: Revenue of $302K, expenses of $171K, and assets of $163K (revenue +145.9% year-over-year).
- 2013: Revenue of $123K, expenses of $91K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aqua Africa Inc:
Data Sources and Methodology
This transparency report for Aqua Africa 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.