Water Is Basic
EIN: 274280703 · Dallas, TX · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Net Assets | $149K |
Is Water Is Basic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Water Is Basic
Water Is Basic (EIN: 274280703) is a nonprofit organization based in Dallas, TX, classified under NTEE code P20. The organization reported total revenue of $1.4M and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Water Is Basic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Water Is Basic is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $938K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-252,180 |
| Total Assets | $162K |
| Total Liabilities | $13K |
| Net Assets | $149K |
| Operating Margin | -26.9% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Water Is Basic reported a deficit of $252K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Water Is Basic's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +21.6% | -61.9% |
| 2022 | +22.1% | +8.8% | +44.9% |
| 2021 | +38.6% | +43.4% | +9.2% |
| 2020 | -35.4% | -35.1% | +0.1% |
| 2019 | -0.2% | -6.3% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Water Is Basic 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 Water Is Basic 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 $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Water Is Basic
Is Water Is Basic a legitimate charity?
Water Is Basic (EIN: 274280703) is a registered tax-exempt nonprofit based in Texas. It has 12 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: C.
How does Water Is Basic spend its money?
Water Is Basic reported $1.4M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Water Is Basic tax-deductible?
Water Is Basic is registered as a tax-exempt nonprofit (EIN: 274280703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Water Is Basic located?
Water Is Basic is headquartered in Dallas, Texas and files with the IRS under EIN 274280703. It is classified under NTEE code P20.
How many years of IRS 990 filings does Water Is Basic have?
Water Is Basic has 12 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Water Is Basic showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Water Is Basic's revenue has grown by 80.6%, moving from $519K to $938K. Total assets increased by 39.6% over the same period, from $116K to $162K. Total functional expenses rose by 185.1%, from $418K to $1.2M. In its most recent filing year (2023), Water Is Basic reported a deficit of $252K, with expenses exceeding revenue. The organization holds $13K in liabilities against $162K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $149K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $938K | $1.2M | $162K | $13K | — | — |
| 2022 | $1.1M | $979K | $425K | $24K | — | View 990 |
| 2021 | $908K | $899K | $293K | $23K | — | View 990 |
| 2020 | $655K | $627K | $269K | $7K | — | — |
| 2019 | $1.0M | $966K | $269K | $35K | — | View 990 |
| 2018 | $1.0M | $1.0M | $210K | $24K | — | View 990 |
| 2017 | $767K | $809K | $220K | $19K | — | View 990 |
| 2016 | $699K | $547K | $247K | $5K | — | View 990 |
| 2015 | $638K | $761K | $113K | $23K | — | View 990 |
| 2014 | $646K | $563K | $231K | $17K | — | View 990 |
| 2013 | $879K | $777K | $206K | $3K | — | View 990 |
| 2012 | $519K | $418K | $116K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $938K, expenses of $1.2M, and assets of $162K (revenue -15.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $979K, and assets of $425K (revenue +22.1% year-over-year).
- 2021: Revenue of $908K, expenses of $899K, and assets of $293K (revenue +38.6% year-over-year).
- 2020: Revenue of $655K, expenses of $627K, and assets of $269K (revenue -35.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $966K, and assets of $269K (revenue -0.2% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $210K (revenue +32.4% year-over-year).
- 2017: Revenue of $767K, expenses of $809K, and assets of $220K (revenue +9.8% year-over-year).
- 2016: Revenue of $699K, expenses of $547K, and assets of $247K (revenue +9.6% year-over-year).
- 2015: Revenue of $638K, expenses of $761K, and assets of $113K (revenue -1.3% year-over-year).
- 2014: Revenue of $646K, expenses of $563K, and assets of $231K (revenue -26.5% year-over-year).
- 2013: Revenue of $879K, expenses of $777K, and assets of $206K (revenue +69.2% year-over-year).
- 2012: Revenue of $519K, expenses of $418K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Water Is Basic:
Data Sources and Methodology
This transparency report for Water Is Basic 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.