On The Water Inc
EIN: 352618522 · Minot, ND · NTEE: N99
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $61K |
| Net Assets | $46K |
Is On The Water Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About On The Water Inc
On The Water Inc (EIN: 352618522) is a nonprofit organization based in Minot, ND, classified under NTEE code N99. The organization reported total revenue of $112K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of On The Water Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
On The Water Inc is a small nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $61K |
| Surplus / Deficit | $-2,897 |
| Total Assets | $46K |
| Net Assets | $46K |
| Operating Margin | -5.0% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2023, On The Water Inc reported a deficit of $3K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), On The Water Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.5% | +11.3% | -5.9% |
| 2022 | -13.3% | -9.1% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for On The Water Inc 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 On The Water Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about On The Water Inc
Is On The Water Inc a legitimate charity?
On The Water Inc (EIN: 352618522) is a registered tax-exempt nonprofit based in North Dakota. It has 3 years of IRS 990 filings on record. Total revenue: $112K. No red flags identified. Financial health grade: B.
How does On The Water Inc spend its money?
On The Water Inc reported $112K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to On The Water Inc tax-deductible?
On The Water Inc is registered as a tax-exempt nonprofit (EIN: 352618522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is On The Water Inc located?
On The Water Inc is headquartered in Minot, North Dakota and files with the IRS under EIN 352618522. It is classified under NTEE code N99.
How many years of IRS 990 filings does On The Water Inc have?
On The Water Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $112K in total revenue.
Filing History
IRS 990 filing history for On The Water Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), On The Water Inc's revenue has declined by 22.4%, moving from $74K to $58K. Total assets increased by 18.5% over the same period, from $39K to $46K. Total functional expenses rose by 1.2%, from $60K to $61K. In its most recent filing year (2023), On The Water Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $61K | $46K | $0 | — | View 990 |
| 2022 | $65K | $54K | $49K | $0 | — | View 990 |
| 2021 | $74K | $60K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $61K, and assets of $46K (revenue -10.5% year-over-year).
- 2022: Revenue of $65K, expenses of $54K, and assets of $49K (revenue -13.3% year-over-year).
- 2021: Revenue of $74K, expenses of $60K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for On The Water Inc:
Data Sources and Methodology
This transparency report for On The Water 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.