Waterfront Academy
EIN: 463752549 · Washington, DC
| Metric | Value |
|---|---|
| Total Revenue | $462K |
| Total Expenses | $536K |
| Net Assets | $-66,960 |
Is Waterfront Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waterfront Academy
Waterfront Academy (EIN: 463752549) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $462K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfront Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfront Academy is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2018–2020). Revenue has grown at a compound annual rate of -25.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $462K |
| Total Expenses | $536K |
| Surplus / Deficit | $-73,967 |
| Total Assets | $37K |
| Total Liabilities | $104K |
| Net Assets | $-66,960 |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 280.0% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2020, Waterfront Academy reported a deficit of $74K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 280.0% (high leverage).
Financial Trends
Over 3 years of filings (2018–2020), Waterfront Academy's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +4.9% | -5.0% | +430.9% |
| 2019 | -46.8% | -7.5% | -94.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waterfront Academy 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 Waterfront Academy 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 280.0%.
Frequently Asked Questions about Waterfront Academy
Is Waterfront Academy a legitimate charity?
Waterfront Academy (EIN: 463752549) is a registered tax-exempt nonprofit based in Washington DC. It has 3 years of IRS 990 filings on record. Total revenue: $462K. No red flags identified. Financial health grade: D.
How does Waterfront Academy spend its money?
Waterfront Academy reported $462K 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 Waterfront Academy tax-deductible?
Waterfront Academy is registered as a tax-exempt nonprofit (EIN: 463752549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waterfront Academy located?
Waterfront Academy is headquartered in Washington, Washington DC and files with the IRS under EIN 463752549.
How many years of IRS 990 filings does Waterfront Academy have?
Waterfront Academy 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 $462K in total revenue.
Filing History
IRS 990 filing history for Waterfront Academy showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2020), Waterfront Academy's revenue has declined by 44.2%, moving from $828K to $462K. Total assets decreased by 71.6% over the same period, from $131K to $37K. Total functional expenses fell by 12.2%, from $611K to $536K. In its most recent filing year (2020), Waterfront Academy reported a deficit of $74K, with expenses exceeding revenue. The organization holds $104K in liabilities against $37K in assets (debt-to-asset ratio: 280.0%), resulting in net assets of $-66,960.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $462K | $536K | $37K | $104K | — | — |
| 2019 | $441K | $565K | $7K | $0 | — | View 990 |
| 2018 | $828K | $611K | $131K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $462K, expenses of $536K, and assets of $37K (revenue +4.9% year-over-year).
- 2019: Revenue of $441K, expenses of $565K, and assets of $7K (revenue -46.8% year-over-year).
- 2018: Revenue of $828K, expenses of $611K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfront Academy:
Data Sources and Methodology
This transparency report for Waterfront Academy 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.