Capital Aquatics League
Capital Aquatics League maintains stable revenue but has seen a decline in assets over recent years.
EIN: 204398000 · Lincoln, NE · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $97K |
| Program Spending | 85% |
| Net Assets | $19K |
| Transparency Score | 70/100 |
Is Capital Aquatics League Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capital Aquatics League directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capital Aquatics League
Capital Aquatics League (EIN: 204398000) is a nonprofit organization based in Lincoln, NE, classified under NTEE code N67. The organization reported total revenue of $98K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capital Aquatics League's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capital Aquatics League is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $97K |
| Surplus / Deficit | +$936 |
| Total Assets | $19K |
| Total Liabilities | $208 |
| Net Assets | $19K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: A
In 2023, Capital Aquatics League reported a surplus of $936 with revenue exceeding expenses, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Capital Aquatics League's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | -12.4% | +5.7% |
| 2022 | -7.5% | -0.3% | -52.5% |
| 2021 | +21.8% | +19.1% | -38.9% |
| 2020 | -10.7% | +6.0% | +0.6% |
| 2019 | -8.2% | -7.3% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Capital Aquatics League with a Mission Score of 70 out of 100 (Good). 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, Capital Aquatics League 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 $936, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of this size and suggests a strong volunteer-driven model.
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 Capital Aquatics League's IRS 990 filings:
- Declining asset base over recent years (from $61,013 in 202012 to $18,708 in 202312)
- Periods of deficit spending (e.g., 202212 and 202112 where expenses exceeded revenue)
Strengths
The following positive indicators were identified for Capital Aquatics League:
- Consistent revenue generation over many years (typically $80k-$120k annually)
- Zero reported officer compensation, suggesting a volunteer-driven model and efficient use of funds at the leadership level
- Very low liabilities in the latest period ($208 in 202312), indicating good short-term debt management
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency
Frequently Asked Questions about Capital Aquatics League
Is Capital Aquatics League a legitimate charity?
Capital Aquatics League (EIN: 204398000) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $98K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Capital Aquatics League spend its money?
Capital Aquatics League directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Capital Aquatics League tax-deductible?
Capital Aquatics League is registered as a tax-exempt nonprofit (EIN: 204398000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Capital Aquatics League's spending goes to programs?
Capital Aquatics League directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Capital Aquatics League compare to similar nonprofits?
With a transparency score of 70/100 (Good), Capital Aquatics League is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Capital Aquatics League located?
Capital Aquatics League is headquartered in Lincoln, Nebraska and files with the IRS under EIN 204398000. It is classified under NTEE code N67.
How many years of IRS 990 filings does Capital Aquatics League have?
Capital Aquatics League 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 $98K in total revenue.
Is Capital Aquatics League financially stable?
While the organization maintains consistent revenue, its assets have declined from $61,013 in 202012 to $18,708 in 202312, and it has experienced deficit spending in recent years (e.g., 202212 and 202112). This suggests a need for improved financial reserves, though current liabilities are very low.
How does Capital Aquatics League spend its money?
Without a detailed functional expense breakdown, it's challenging to pinpoint exact percentages. However, the consistent 0% officer compensation suggests a significant portion of funds is likely directed towards program activities, with administrative and fundraising costs being relatively low.
Why have Capital Aquatics League's assets decreased?
The decrease in assets from a peak of $61,013 in 202012 to $18,708 in 202312 is primarily due to periods where expenses exceeded revenue, such as in 202212 (expenses $111,197 vs. revenue $92,837) and 202112 (expenses $111,522 vs. revenue $100,373).
Filing History
IRS 990 filing history for Capital Aquatics League showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capital Aquatics League's revenue has grown by 24.2%, moving from $79K to $98K. Total assets decreased by 42.3% over the same period, from $32K to $19K. Total functional expenses rose by 26.2%, from $77K to $97K. In its most recent filing year (2023), Capital Aquatics League reported a surplus of $936, with revenue exceeding expenses. The organization holds $208 in liabilities against $19K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $97K | $19K | $208 | — | — |
| 2022 | $93K | $111K | $18K | $142 | — | View 990 |
| 2021 | $100K | $112K | $37K | $1K | — | — |
| 2020 | $82K | $94K | $61K | $14K | — | View 990 |
| 2019 | $92K | $88K | $61K | $2K | — | View 990 |
| 2018 | $101K | $95K | $55K | $7K | — | View 990 |
| 2017 | $127K | $98K | $57K | $6K | — | View 990 |
| 2016 | $116K | $109K | $31K | $9K | — | View 990 |
| 2015 | $93K | $99K | $26K | $9K | — | View 990 |
| 2014 | $77K | $99K | $30K | $8K | — | View 990 |
| 2013 | $86K | $82K | $37K | $9K | — | View 990 |
| 2012 | $89K | $87K | $33K | $-8,250 | — | — |
| 2011 | $79K | $77K | $32K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $97K, and assets of $19K (revenue +5.9% year-over-year).
- 2022: Revenue of $93K, expenses of $111K, and assets of $18K (revenue -7.5% year-over-year).
- 2021: Revenue of $100K, expenses of $112K, and assets of $37K (revenue +21.8% year-over-year).
- 2020: Revenue of $82K, expenses of $94K, and assets of $61K (revenue -10.7% year-over-year).
- 2019: Revenue of $92K, expenses of $88K, and assets of $61K (revenue -8.2% year-over-year).
- 2018: Revenue of $101K, expenses of $95K, and assets of $55K (revenue -20.5% year-over-year).
- 2017: Revenue of $127K, expenses of $98K, and assets of $57K (revenue +9.0% year-over-year).
- 2016: Revenue of $116K, expenses of $109K, and assets of $31K (revenue +24.5% year-over-year).
- 2015: Revenue of $93K, expenses of $99K, and assets of $26K (revenue +21.5% year-over-year).
- 2014: Revenue of $77K, expenses of $99K, and assets of $30K (revenue -11.0% year-over-year).
- 2013: Revenue of $86K, expenses of $82K, and assets of $37K (revenue -2.8% year-over-year).
- 2012: Revenue of $89K, expenses of $87K, and assets of $33K (revenue +12.0% year-over-year).
- 2011: Revenue of $79K, expenses of $77K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capital Aquatics League:
Data Sources and Methodology
This transparency report for Capital Aquatics League 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.