Waterfall Foundation Inc
EIN: 582442068 · Atlanta, GA · NTEE: T113
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $4.2M |
| Net Assets | $21.5M |
Is Waterfall Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waterfall Foundation Inc
Waterfall Foundation Inc (EIN: 582442068) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T113. The organization reported total revenue of $1.5M and total assets of $969K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfall Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfall Foundation Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-2,387,594 |
| Total Assets | $21.5M |
| Net Assets | $21.5M |
| Operating Margin | -128.8% |
| Months of Reserves | 60.7 months |
Financial Health Grade: B
In 2024, Waterfall Foundation Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 60.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Waterfall Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -8.1% | -6.3% | -10.0% |
| 2023 | -83.4% | +14.8% | -9.5% |
| 2022 | +2506.1% | +14.3% | +48.2% |
| 2021 | -84.4% | -5.3% | -15.4% |
| 2020 | -25.5% | -3.4% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waterfall Foundation 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 Waterfall Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.4M, with expenses exceeding revenue.
Frequently Asked Questions about Waterfall Foundation Inc
Is Waterfall Foundation Inc a legitimate charity?
Waterfall Foundation Inc (EIN: 582442068) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: B.
How does Waterfall Foundation Inc spend its money?
Waterfall Foundation Inc reported $1.5M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Waterfall Foundation Inc tax-deductible?
Waterfall Foundation Inc is registered as a tax-exempt nonprofit (EIN: 582442068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waterfall Foundation Inc located?
Waterfall Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 582442068. It is classified under NTEE code T113.
How many years of IRS 990 filings does Waterfall Foundation Inc have?
Waterfall 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Waterfall Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Waterfall Foundation Inc's revenue has grown by 517.6%, moving from $300K to $1.9M. Total assets increased by 34.9% over the same period, from $15.9M to $21.5M. Total functional expenses rose by 7%, from $4.0M to $4.2M. In its most recent filing year (2024), Waterfall Foundation Inc reported a deficit of $2.4M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $4.2M | $21.5M | $0 | — | — |
| 2023 | $2.0M | $4.5M | $23.8M | $0 | — | View 990 |
| 2022 | $12.2M | $3.9M | $26.4M | $0 | — | View 990 |
| 2021 | $467K | $3.4M | $17.8M | $0 | — | — |
| 2020 | $3.0M | $3.6M | $21.0M | $0 | — | View 990 |
| 2019 | $4.0M | $3.8M | $20.1M | $0 | — | View 990 |
| 2018 | $6.5M | $3.8M | $25.0M | $0 | — | View 990 |
| 2017 | $5.4M | $3.2M | $25.8M | $0 | — | View 990 |
| 2016 | $1.5M | $3.3M | $17.7M | $0 | — | View 990 |
| 2015 | $4.4M | $2.6M | $21.8M | $0 | — | View 990 |
| 2014 | $4.0M | $2.6M | $19.7M | $0 | — | View 990 |
| 2013 | $3.1M | $2.9M | $16.1M | $0 | — | View 990 |
| 2012 | $300K | $4.0M | $15.9M | $2 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $4.2M, and assets of $21.5M (revenue -8.1% year-over-year).
- 2023: Revenue of $2.0M, expenses of $4.5M, and assets of $23.8M (revenue -83.4% year-over-year).
- 2022: Revenue of $12.2M, expenses of $3.9M, and assets of $26.4M (revenue +2506.1% year-over-year).
- 2021: Revenue of $467K, expenses of $3.4M, and assets of $17.8M (revenue -84.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.6M, and assets of $21.0M (revenue -25.5% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.8M, and assets of $20.1M (revenue -38.7% year-over-year).
- 2018: Revenue of $6.5M, expenses of $3.8M, and assets of $25.0M (revenue +20.9% year-over-year).
- 2017: Revenue of $5.4M, expenses of $3.2M, and assets of $25.8M (revenue +263.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $3.3M, and assets of $17.7M (revenue -65.8% year-over-year).
- 2015: Revenue of $4.4M, expenses of $2.6M, and assets of $21.8M (revenue +8.0% year-over-year).
- 2014: Revenue of $4.0M, expenses of $2.6M, and assets of $19.7M (revenue +32.1% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.9M, and assets of $16.1M (revenue +916.8% year-over-year).
- 2012: Revenue of $300K, expenses of $4.0M, and assets of $15.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfall Foundation Inc:
Data Sources and Methodology
This transparency report for Waterfall 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.