Water Sports Foundation Inc
Water Sports Foundation consistently operates near break-even with no reported officer compensation.
EIN: 201947916 · Orlando, FL · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $999K |
| Total Expenses | $977K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-5,727 |
| Transparency Score | 92/100 |
Is Water Sports Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Water Sports Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Water Sports Foundation Inc
Water Sports Foundation Inc (EIN: 201947916) is a nonprofit organization based in Orlando, FL, classified under NTEE code N67. The organization reported total revenue of $999K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Water Sports Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Water Sports Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $961K |
| Total Expenses | $977K |
| Surplus / Deficit | $-15,530 |
| Total Assets | $92K |
| Total Liabilities | $98K |
| Net Assets | $-5,727 |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 106.2% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2023, Water Sports Foundation Inc reported a deficit of $16K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 106.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Water Sports Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.4% | -17.7% | -49.8% |
| 2022 | +2.1% | +5.0% | -48.4% |
| 2021 | +6.8% | +8.4% | +51.7% |
| 2020 | -29.5% | -31.1% | +78.7% |
| 2019 | +30.8% | +30.8% | +60.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Water Sports Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Water Sports Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues approaching $1 million.
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.
Strengths
The following positive indicators were identified for Water Sports Foundation Inc:
- Consistent zero officer compensation across all filings, indicating strong commitment to mission.
- Stable revenue generation over a decade, consistently operating around $1 million annually.
- Transparent financial reporting with a long history of IRS 990 filings.
- Expenses closely align with revenue, suggesting efficient use of funds without significant accumulation of idle assets.
- Modest liabilities relative to assets, indicating responsible financial management.
Frequently Asked Questions about Water Sports Foundation Inc
Is Water Sports Foundation Inc a legitimate charity?
Water Sports Foundation Inc (EIN: 201947916) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $999K. No red flags identified. 5 strengths noted. Financial health grade: D.
How does Water Sports Foundation Inc spend its money?
Water Sports Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Water Sports Foundation Inc tax-deductible?
Water Sports Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201947916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Water Sports Foundation Inc CEO make?
Water Sports Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $999K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Water Sports Foundation Inc's spending goes to programs?
Water Sports Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Water Sports Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Water Sports Foundation Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Water Sports Foundation Inc located?
Water Sports Foundation Inc is headquartered in Orlando, Florida and files with the IRS under EIN 201947916. It is classified under NTEE code N67.
How many years of IRS 990 filings does Water Sports Foundation Inc have?
Water Sports Foundation 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 $999K in total revenue.
Is Water Sports Foundation Inc. financially stable?
Yes, the organization appears financially stable, consistently managing revenues and expenses around the $1 million mark, though often operating near break-even with limited surplus accumulation.
How does Water Sports Foundation Inc. spend its money?
Based on the zero officer compensation and the nature of a non-profit, a significant portion of its expenses would likely be directed towards program services, with a smaller percentage for administrative and fundraising costs.
Does Water Sports Foundation Inc. pay its executives?
No, all available IRS 990 filings consistently report 0% officer compensation, indicating that executives do not receive salaries from the organization.
What is the trend in Water Sports Foundation Inc.'s revenue?
Revenue has fluctuated but generally remained within the range of $777,144 to $1,753,660 over the past decade, with recent years (2021-2023) showing revenues around $961,009 to $1,163,279.
Are there any red flags regarding Water Sports Foundation Inc.'s finances?
No significant red flags are apparent. The consistent near break-even operation is typical for many non-profits, and the zero officer compensation is a strong positive.
Filing History
IRS 990 filing history for Water Sports Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Water Sports Foundation Inc's revenue has grown by 176.1%, moving from $348K to $961K. Total assets decreased by 63.3% over the same period, from $251K to $92K. Total functional expenses rose by 901.9%, from $97K to $977K. In its most recent filing year (2023), Water Sports Foundation Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $98K in liabilities against $92K in assets (debt-to-asset ratio: 106.2%), resulting in net assets of $-5,727.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $961K | $977K | $92K | $98K | — | View 990 |
| 2022 | $1.2M | $1.2M | $183K | $174K | — | — |
| 2021 | $1.1M | $1.1M | $355K | $322K | — | View 990 |
| 2020 | $1.1M | $1.0M | $234K | $210K | — | — |
| 2019 | $1.5M | $1.5M | $131K | $131K | — | View 990 |
| 2018 | $1.2M | $1.2M | $82K | $82K | — | View 990 |
| 2017 | $1.8M | $1.8M | $144K | $144K | — | — |
| 2016 | $777K | $777K | $67K | $67K | — | View 990 |
| 2015 | $801K | $801K | $39K | $39K | — | View 990 |
| 2014 | $513K | $513K | $147K | $147K | — | View 990 |
| 2013 | $740K | $740K | $240K | $240K | — | View 990 |
| 2012 | $673K | $673K | $78K | $78K | — | View 990 |
| 2011 | $348K | $97K | $251K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $961K, expenses of $977K, and assets of $92K (revenue -17.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $183K (revenue +2.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $355K (revenue +6.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $234K (revenue -29.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $131K (revenue +30.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $82K (revenue -34.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $144K (revenue +125.7% year-over-year).
- 2016: Revenue of $777K, expenses of $777K, and assets of $67K (revenue -3.0% year-over-year).
- 2015: Revenue of $801K, expenses of $801K, and assets of $39K (revenue +56.2% year-over-year).
- 2014: Revenue of $513K, expenses of $513K, and assets of $147K (revenue -30.7% year-over-year).
- 2013: Revenue of $740K, expenses of $740K, and assets of $240K (revenue +10.0% year-over-year).
- 2012: Revenue of $673K, expenses of $673K, and assets of $78K (revenue +93.2% year-over-year).
- 2011: Revenue of $348K, expenses of $97K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Water Sports Foundation Inc:
Data Sources and Methodology
This transparency report for Water Sports Foundation 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.