International Sea Glass Association Inc
International Sea Glass Association Inc. maintains zero officer compensation amidst fluctuating revenues and declining assets.
EIN: 205383052 · Washington, DC · NTEE: P20 · Updated: 2026-03-28
Is International Sea Glass Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Sea Glass Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Sea Glass Association Inc
International Sea Glass Association Inc (EIN: 205383052) is a nonprofit organization based in Washington, DC, classified under NTEE code P20. The organization reported total revenue of $81K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Sea Glass Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Sea Glass Association Inc is a micro nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 36.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $38K |
| Surplus / Deficit | +$6K |
| Total Assets | $80K |
| Total Liabilities | $350 |
| Net Assets | $79K |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 25.1 months |
Financial Health Grade: A
In 2018, International Sea Glass Association Inc reported a surplus of $6K with revenue exceeding expenses, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2018), International Sea Glass Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -9.5% | -22.9% | +8.6% |
| 2017 | -3.9% | +17.0% | -0.6% |
| 2016 | -5.5% | -16.9% | +13.4% |
| 2015 | -1.6% | +16.1% | +4.5% |
| 2014 | +6.0% | -14.1% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 International Sea Glass Association Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, International Sea Glass Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization or one where leadership is not compensated, which is highly favorable for a nonprofit of its size.
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 International Sea Glass Association Inc's IRS 990 filings:
- Significant decline in assets from $79,661 in 2018 to $36,830 currently, without clear explanation in summary data.
Strengths
The following positive indicators were identified for International Sea Glass Association Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Relatively stable revenue stream over several years, averaging around $50,000-$80,000 annually.
Frequently Asked Questions about International Sea Glass Association Inc
Is International Sea Glass Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, International Sea Glass Association Inc (EIN: 205383052) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does International Sea Glass Association Inc spend its money?
International Sea Glass Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Sea Glass Association Inc tax-deductible?
International Sea Glass Association Inc is registered as a tax-exempt nonprofit (EIN: 205383052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is International Sea Glass Association Inc. a good charity?
Based on the provided data, the International Sea Glass Association Inc. appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than administrative salaries. However, the decline in assets from $79,661 in 2018 to $36,830 currently should be understood.
What caused the significant decline in assets from 2018 to the latest period?
The provided data does not specify the reasons for the asset decline from $79,661 in 2018 to $36,830. This would require a deeper dive into the full IRS 990 forms for those periods to understand if it was due to increased program spending, investment losses, or other factors.
How does the organization fund its operations without officer compensation?
The consistent 0% officer compensation suggests that the organization relies heavily on volunteer efforts for its leadership and potentially for much of its operational work. This is a common model for smaller, mission-driven nonprofits.
Filing History
IRS 990 filing history for International Sea Glass Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), International Sea Glass Association Inc's revenue has grown by 776.1%, moving from $5K to $44K. Total assets increased by 46.5% over the same period, from $54K to $80K. Total functional expenses rose by 312.2%, from $9K to $38K. In its most recent filing year (2018), International Sea Glass Association Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $350 in liabilities against $80K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $44K | $38K | $80K | $350 | — | View 990 |
| 2017 | $49K | $49K | $73K | $300 | — | View 990 |
| 2016 | $51K | $42K | $74K | $300 | — | View 990 |
| 2015 | $54K | $51K | $65K | $350 | — | View 990 |
| 2014 | $55K | $44K | $62K | $700 | — | View 990 |
| 2012 | $52K | $51K | $55K | $0 | — | View 990 |
| 2011 | $5K | $9K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $44K, expenses of $38K, and assets of $80K (revenue -9.5% year-over-year).
- 2017: Revenue of $49K, expenses of $49K, and assets of $73K (revenue -3.9% year-over-year).
- 2016: Revenue of $51K, expenses of $42K, and assets of $74K (revenue -5.5% year-over-year).
- 2015: Revenue of $54K, expenses of $51K, and assets of $65K (revenue -1.6% year-over-year).
- 2014: Revenue of $55K, expenses of $44K, and assets of $62K (revenue +6.0% year-over-year).
- 2012: Revenue of $52K, expenses of $51K, and assets of $55K (revenue +923.1% year-over-year).
- 2011: Revenue of $5K, expenses of $9K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Sea Glass Association Inc:
Data Sources and Methodology
This transparency report for International Sea Glass 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.