Ikaika Hawaii Watermans Academy
EIN: 462388864 · Honolulu, HI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $321K |
| Total Expenses | $447K |
| Net Assets | $207K |
Is Ikaika Hawaii Watermans Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ikaika Hawaii Watermans Academy
Ikaika Hawaii Watermans Academy (EIN: 462388864) is a nonprofit organization based in Honolulu, HI, classified under NTEE code O50. The organization reported total revenue of $321K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ikaika Hawaii Watermans Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ikaika Hawaii Watermans Academy is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $447K |
| Surplus / Deficit | +$18K |
| Total Assets | $220K |
| Total Liabilities | $13K |
| Net Assets | $207K |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2022, Ikaika Hawaii Watermans Academy reported a surplus of $18K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 9 years of filings (2013–2022), Ikaika Hawaii Watermans Academy's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.1% | +25.8% | -46.6% |
| 2021 | +97.0% | +99.3% | +197.7% |
| 2020 | +1388.0% | +300.3% | +14.5% |
| 2018 | -63.8% | +23.6% | +39.6% |
| 2017 | -7.0% | -30.7% | +5.2% |
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 Analysis Pending
AI enrichment for Ikaika Hawaii Watermans Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ikaika Hawaii Watermans Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.9%.
Frequently Asked Questions about Ikaika Hawaii Watermans Academy
Is Ikaika Hawaii Watermans Academy a legitimate charity?
Ikaika Hawaii Watermans Academy (EIN: 462388864) is a registered tax-exempt nonprofit based in Hawaii. It has 9 years of IRS 990 filings on record. Total revenue: $321K. No red flags identified. Financial health grade: A.
How does Ikaika Hawaii Watermans Academy spend its money?
Ikaika Hawaii Watermans Academy reported $321K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ikaika Hawaii Watermans Academy tax-deductible?
Ikaika Hawaii Watermans Academy is registered as a tax-exempt nonprofit (EIN: 462388864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ikaika Hawaii Watermans Academy located?
Ikaika Hawaii Watermans Academy is headquartered in Honolulu, Hawaii and files with the IRS under EIN 462388864. It is classified under NTEE code O50.
How many years of IRS 990 filings does Ikaika Hawaii Watermans Academy have?
Ikaika Hawaii Watermans Academy has 9 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 $321K in total revenue.
Filing History
IRS 990 filing history for Ikaika Hawaii Watermans Academy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2022), Ikaika Hawaii Watermans Academy's revenue has grown by 460.6%, moving from $83K to $465K. Total assets increased by 315.2% over the same period, from $53K to $220K. Total functional expenses rose by 1173.2%, from $35K to $447K. In its most recent filing year (2022), Ikaika Hawaii Watermans Academy reported a surplus of $18K, with revenue exceeding expenses. The organization holds $13K in liabilities against $220K in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $465K | $447K | $220K | $13K | — | View 990 |
| 2021 | $426K | $355K | $411K | $26K | — | View 990 |
| 2020 | $216K | $178K | $138K | $0 | — | View 990 |
| 2018 | $15K | $45K | $121K | $1K | — | View 990 |
| 2017 | $40K | $36K | $86K | $19 | — | — |
| 2016 | $43K | $52K | $82K | $385 | — | View 990 |
| 2015 | $61K | $24K | $91K | $1K | — | View 990 |
| 2014 | $54K | $49K | $57K | $4K | — | View 990 |
| 2013 | $83K | $35K | $53K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $465K, expenses of $447K, and assets of $220K (revenue +9.1% year-over-year).
- 2021: Revenue of $426K, expenses of $355K, and assets of $411K (revenue +97.0% year-over-year).
- 2020: Revenue of $216K, expenses of $178K, and assets of $138K (revenue +1388.0% year-over-year).
- 2018: Revenue of $15K, expenses of $45K, and assets of $121K (revenue -63.8% year-over-year).
- 2017: Revenue of $40K, expenses of $36K, and assets of $86K (revenue -7.0% year-over-year).
- 2016: Revenue of $43K, expenses of $52K, and assets of $82K (revenue -28.9% year-over-year).
- 2015: Revenue of $61K, expenses of $24K, and assets of $91K (revenue +12.0% year-over-year).
- 2014: Revenue of $54K, expenses of $49K, and assets of $57K (revenue -34.5% year-over-year).
- 2013: Revenue of $83K, expenses of $35K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ikaika Hawaii Watermans Academy:
Data Sources and Methodology
This transparency report for Ikaika Hawaii Watermans Academy 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.