Start Water System Inc
EIN: 721074484 · Start, LA · NTEE: Y22
| Metric | Value |
|---|---|
| Total Revenue | $668K |
| Total Expenses | $471K |
| Net Assets | $1.0M |
Is Start Water System Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Start Water System Inc
Start Water System Inc (EIN: 721074484) is a nonprofit organization based in Start, LA, classified under NTEE code Y22. The organization reported total revenue of $668K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Start Water System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Start Water System Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $427K |
| Total Expenses | $471K |
| Surplus / Deficit | $-44,372 |
| Total Assets | $2.3M |
| Total Liabilities | $1.3M |
| Net Assets | $1.0M |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 59.1 months |
Financial Health Grade: C
In 2023, Start Water System Inc reported a deficit of $44K with expenses exceeding revenue, holds 59.1 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Start Water System Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +7.0% | -3.7% |
| 2022 | +6.4% | +7.9% | -2.3% |
| 2021 | +3.4% | -2.2% | -1.5% |
| 2020 | -10.9% | +1.4% | -2.5% |
| 2019 | +12.1% | +8.5% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Start Water System 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 Start Water System 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.4%.
Frequently Asked Questions about Start Water System Inc
Is Start Water System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Start Water System Inc (EIN: 721074484) insufficient data. 0 red flags identified, 0 strengths noted.
How does Start Water System Inc spend its money?
Detailed spending breakdown data is not yet available for Start Water System Inc. Check back for updated IRS 990 analysis.
Are donations to Start Water System Inc tax-deductible?
Start Water System Inc is registered as a tax-exempt nonprofit (EIN: 721074484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Start Water System Inc located?
Start Water System Inc is headquartered in Start, Louisiana and files with the IRS under EIN 721074484. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Start Water System Inc have?
Start Water System Inc 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 $668K in total revenue.
Filing History
IRS 990 filing history for Start Water System Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Start Water System Inc's revenue has declined by 33.8%, moving from $645K to $427K. Total assets decreased by 16.1% over the same period, from $2.8M to $2.3M. Total functional expenses rose by 14.7%, from $411K to $471K. In its most recent filing year (2023), Start Water System Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $2.3M in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $427K | $471K | $2.3M | $1.3M | — | View 990 |
| 2022 | $431K | $440K | $2.4M | $1.4M | — | — |
| 2021 | $405K | $408K | $2.5M | $1.4M | — | View 990 |
| 2020 | $392K | $417K | $2.5M | $1.4M | — | — |
| 2019 | $440K | $411K | $2.6M | $1.5M | — | View 990 |
| 2018 | $392K | $379K | $2.6M | $1.5M | — | View 990 |
| 2017 | $371K | $363K | $2.6M | $1.5M | — | — |
| 2016 | $403K | $383K | $2.6M | $1.6M | — | View 990 |
| 2015 | $390K | $378K | $2.6M | $1.6M | — | View 990 |
| 2014 | $412K | $401K | $2.6M | $1.6M | — | View 990 |
| 2013 | $373K | $378K | $2.7M | $1.7M | — | View 990 |
| 2012 | $410K | $388K | $2.7M | $1.7M | — | View 990 |
| 2011 | $645K | $411K | $2.8M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $427K, expenses of $471K, and assets of $2.3M (revenue -1.1% year-over-year).
- 2022: Revenue of $431K, expenses of $440K, and assets of $2.4M (revenue +6.4% year-over-year).
- 2021: Revenue of $405K, expenses of $408K, and assets of $2.5M (revenue +3.4% year-over-year).
- 2020: Revenue of $392K, expenses of $417K, and assets of $2.5M (revenue -10.9% year-over-year).
- 2019: Revenue of $440K, expenses of $411K, and assets of $2.6M (revenue +12.1% year-over-year).
- 2018: Revenue of $392K, expenses of $379K, and assets of $2.6M (revenue +5.6% year-over-year).
- 2017: Revenue of $371K, expenses of $363K, and assets of $2.6M (revenue -7.9% year-over-year).
- 2016: Revenue of $403K, expenses of $383K, and assets of $2.6M (revenue +3.4% year-over-year).
- 2015: Revenue of $390K, expenses of $378K, and assets of $2.6M (revenue -5.3% year-over-year).
- 2014: Revenue of $412K, expenses of $401K, and assets of $2.6M (revenue +10.4% year-over-year).
- 2013: Revenue of $373K, expenses of $378K, and assets of $2.7M (revenue -9.0% year-over-year).
- 2012: Revenue of $410K, expenses of $388K, and assets of $2.7M (revenue -36.4% year-over-year).
- 2011: Revenue of $645K, expenses of $411K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Start Water System Inc:
Data Sources and Methodology
This transparency report for Start Water System 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.