Hawaii Water Polo Inc
Hawaii Water Polo Inc. consistently reports minimal to zero expenses despite accumulating assets, raising questions about operational funding.
EIN: 201953899 · Honolulu, HI · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Program Spending | 100% |
| Net Assets | $503K |
| Transparency Score | 50/100 |
Is Hawaii Water Polo Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hawaii Water Polo Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hawaii Water Polo Inc
Hawaii Water Polo Inc (EIN: 201953899) is a nonprofit organization based in Honolulu, HI, classified under NTEE code N67. The organization reported total revenue of $27K and total assets of $530K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hawaii Water Polo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hawaii Water Polo Inc is a micro nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $0 |
| Surplus / Deficit | +$18K |
| Total Assets | $503K |
| Net Assets | $503K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Hawaii Water Polo Inc reported a surplus of $18K with revenue exceeding expenses.
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -100.0% | -100.0% | +0.0% |
| 2019 | +951.2% | -64.1% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Hawaii Water Polo Inc with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Hawaii Water Polo Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a fully volunteer-led organization or that compensation is not reported in a standard manner, which is unusual for an organization with growing assets.
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 Hawaii Water Polo Inc's IRS 990 filings:
- Consistent reporting of $0 expenses for multiple years despite revenue and asset growth, which is unusual for an active organization.
- Lack of clarity on how program activities are funded and executed if no expenses are reported.
- Significant asset accumulation without corresponding reported operational or program spending.
Strengths
The following positive indicators were identified for Hawaii Water Polo Inc:
- Consistent IRS 990 filing history, indicating compliance with reporting requirements.
- Consistent growth in assets over the past decade, from $329,074 in 2014 to $529,626 currently.
- Zero reported officer compensation suggests a volunteer-driven leadership, potentially reducing overhead.
Frequently Asked Questions about Hawaii Water Polo Inc
Is Hawaii Water Polo Inc a legitimate charity?
Hawaii Water Polo Inc (EIN: 201953899) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 50/100. It has 14 years of IRS 990 filings on record. Total revenue: $27K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hawaii Water Polo Inc spend its money?
Hawaii Water Polo Inc directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hawaii Water Polo Inc tax-deductible?
Hawaii Water Polo Inc is registered as a tax-exempt nonprofit (EIN: 201953899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hawaii Water Polo Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Hawaii Water Polo Inc is near average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hawaii Water Polo Inc located?
Hawaii Water Polo Inc is headquartered in Honolulu, Hawaii and files with the IRS under EIN 201953899. It is classified under NTEE code N67.
How many years of IRS 990 filings does Hawaii Water Polo Inc have?
Hawaii Water Polo Inc has 14 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 $27K in total revenue.
How does Hawaii Water Polo Inc. operate without reporting any expenses for multiple years?
The IRS 990 filings for periods like 2023, 2022, 2021, and 2020 show $0 in reported expenses, despite the organization receiving revenue in some of those years (e.g., $17,539 in 2023) and accumulating assets. This suggests either a fully volunteer-run model where direct program costs are not channeled through the organization's reported expenses, or a unique accounting practice.
What are the primary sources of revenue for Hawaii Water Polo Inc.?
The filings show fluctuating revenue, such as $17,539 in 2023 and $12,373 in 2019, but also periods of $0 revenue. The specific sources (e.g., donations, program service fees) are not detailed in the provided summary, making it difficult to pinpoint primary sources.
How are the organization's growing assets being utilized?
Hawaii Water Polo Inc. has consistently grown its assets, from $329,074 in 2014 to $529,626 currently. Given the minimal reported expenses, it's unclear if these assets are held for future projects, endowments, or other purposes, as there's no clear indication of their deployment for current program activities through reported expenditures.
Filing History
IRS 990 filing history for Hawaii Water Polo Inc showing financial trends over 14 years of public records:
Total assets increased by 112% over the same period, from $237K to $503K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $0 | $503K | $0 | — | — |
| 2022 | $0 | $0 | $444K | $0 | — | View 990 |
| 2021 | $0 | $0 | $364K | $0 | — | View 990 |
| 2020 | $0 | $0 | $364K | $0 | — | — |
| 2019 | $12K | $2K | $364K | $0 | — | View 990 |
| 2018 | $1K | $7K | $354K | $0 | — | View 990 |
| 2017 | $20K | $6K | $359K | $0 | — | View 990 |
| 2016 | $16K | $6K | $345K | $0 | — | View 990 |
| 2015 | $12K | $6K | $335K | $0 | — | View 990 |
| 2014 | $74K | $12K | $329K | $0 | — | View 990 |
| 2013 | $12K | $0 | $267K | $0 | — | View 990 |
| 2012 | $6K | $0 | $255K | $0 | — | View 990 |
| 2011 | $11K | $0 | $248K | $0 | — | View 990 |
| 2010 | $0 | $0 | $237K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $0, and assets of $503K.
- 2022: Revenue of $0, expenses of $0, and assets of $444K.
- 2021: Revenue of $0, expenses of $0, and assets of $364K.
- 2020: Revenue of $0, expenses of $0, and assets of $364K (revenue -100.0% year-over-year).
- 2019: Revenue of $12K, expenses of $2K, and assets of $364K (revenue +951.2% year-over-year).
- 2018: Revenue of $1K, expenses of $7K, and assets of $354K (revenue -94.3% year-over-year).
- 2017: Revenue of $20K, expenses of $6K, and assets of $359K (revenue +26.6% year-over-year).
- 2016: Revenue of $16K, expenses of $6K, and assets of $345K (revenue +40.3% year-over-year).
- 2015: Revenue of $12K, expenses of $6K, and assets of $335K (revenue -84.4% year-over-year).
- 2014: Revenue of $74K, expenses of $12K, and assets of $329K (revenue +511.0% year-over-year).
- 2013: Revenue of $12K, expenses of $0, and assets of $267K (revenue +88.8% year-over-year).
- 2012: Revenue of $6K, expenses of $0, and assets of $255K (revenue -42.7% year-over-year).
- 2011: Revenue of $11K, expenses of $0, and assets of $248K.
- 2010: Revenue of $0, expenses of $0, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hawaii Water Polo Inc:
Data Sources and Methodology
This transparency report for Hawaii Water Polo 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.