Waterfront Alliance Inc
Waterfront Alliance Inc. shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 134355067 · New York, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.6M |
| Transparency Score | 90/100 |
Is Waterfront Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterfront Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterfront Alliance Inc
Waterfront Alliance Inc (EIN: 134355067) is a nonprofit organization based in New York, NY, classified under NTEE code S20. The organization reported total revenue of $1.9M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfront Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfront Alliance Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $3.0M |
| Total Liabilities | $446K |
| Net Assets | $2.6M |
| Operating Margin | 32.5% |
| Debt-to-Asset Ratio | 14.6% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Waterfront Alliance Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waterfront Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.5% | +16.3% | +60.6% |
| 2022 | +4.5% | +28.8% | +35.7% |
| 2021 | +60.3% | -0.9% | +62.9% |
| 2020 | -11.5% | +11.2% | -3.1% |
| 2019 | +13.3% | +2.8% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Waterfront Alliance Inc with a Mission Score of 90 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Waterfront Alliance Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.6%.
Executive Compensation Analysis
Waterfront Alliance Inc. consistently reports 0% officer compensation across all available IRS 990 filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size with revenues exceeding $3 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 Waterfront Alliance Inc:
- Consistent 0% officer compensation, indicating strong mission focus.
- Significant revenue growth, particularly in the latest filing period (202312) to $3,485,195.
- Strong asset growth, nearly doubling from $1,896,176 in 202212 to $3,044,989 in 202312.
- Healthy financial surpluses in recent years, contributing to asset accumulation.
- Low liabilities relative to assets, demonstrating strong financial solvency.
Frequently Asked Questions about Waterfront Alliance Inc
Is Waterfront Alliance Inc a legitimate charity?
Waterfront Alliance Inc (EIN: 134355067) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Waterfront Alliance Inc spend its money?
Waterfront Alliance Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Waterfront Alliance Inc tax-deductible?
Waterfront Alliance Inc is registered as a tax-exempt nonprofit (EIN: 134355067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waterfront Alliance Inc CEO make?
Waterfront Alliance Inc's highest-compensated officer earns $3 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Waterfront Alliance Inc's spending goes to programs?
Waterfront Alliance Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterfront Alliance Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Waterfront Alliance Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waterfront Alliance Inc located?
Waterfront Alliance Inc is headquartered in New York, New York and files with the IRS under EIN 134355067. It is classified under NTEE code S20.
How many years of IRS 990 filings does Waterfront Alliance Inc have?
Waterfront Alliance 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 $1.9M in total revenue.
Is Waterfront Alliance Inc. financially stable?
Yes, Waterfront Alliance Inc. appears financially stable. Its assets have grown significantly to $3,044,989 in 202312, and it has consistently generated surpluses in the last three fiscal periods, with revenue exceeding expenses.
How has the organization's revenue trended?
The organization's revenue has shown a strong upward trend in recent years, particularly from $1,364,400 in 202012 to $3,485,195 in 202312, indicating successful fundraising and growth.
Does Waterfront Alliance Inc. pay its officers?
Based on the provided IRS 990 data, Waterfront Alliance Inc. consistently reports 0% officer compensation across all available filing periods, suggesting that no compensation is paid to its officers.
What is the organization's asset-to-liability ratio?
In the latest period (202312), Waterfront Alliance Inc. has assets of $3,044,989 and liabilities of $445,560, resulting in a healthy asset-to-liability ratio of approximately 6.8:1, indicating strong financial solvency.
Filing History
IRS 990 filing history for Waterfront Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waterfront Alliance Inc's revenue has grown by 330.3%, moving from $810K to $3.5M. Total assets increased by 775.9% over the same period, from $348K to $3.0M. Total functional expenses rose by 159.6%, from $907K to $2.4M. In its most recent filing year (2023), Waterfront Alliance Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $446K in liabilities against $3.0M in assets (debt-to-asset ratio: 14.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.4M | $3.0M | $446K | — | — |
| 2022 | $2.3M | $2.0M | $1.9M | $435K | — | View 990 |
| 2021 | $2.2M | $1.6M | $1.4M | $194K | — | View 990 |
| 2020 | $1.4M | $1.6M | $857K | $273K | — | View 990 |
| 2019 | $1.5M | $1.4M | $885K | $81K | — | View 990 |
| 2018 | $1.4M | $1.4M | $770K | $81K | — | View 990 |
| 2017 | $1.3M | $1.4M | $775K | $59K | — | View 990 |
| 2016 | $1.5M | $1.3M | $936K | $97K | — | View 990 |
| 2015 | $1.2M | $1.5M | $649K | $32K | — | View 990 |
| 2014 | $1.4M | $1.2M | $952K | $29K | — | View 990 |
| 2013 | $1.4M | $1.1M | $785K | $23K | — | View 990 |
| 2012 | $1.1M | $993K | $460K | $27K | — | View 990 |
| 2011 | $810K | $907K | $348K | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.4M, and assets of $3.0M (revenue +52.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.0M, and assets of $1.9M (revenue +4.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.6M, and assets of $1.4M (revenue +60.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $857K (revenue -11.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $885K (revenue +13.3% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $770K (revenue +3.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $775K (revenue -13.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $936K (revenue +30.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.5M, and assets of $649K (revenue -14.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $952K (revenue -1.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.1M, and assets of $785K (revenue +22.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $993K, and assets of $460K (revenue +40.1% year-over-year).
- 2011: Revenue of $810K, expenses of $907K, and assets of $348K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfront Alliance Inc:
Data Sources and Methodology
This transparency report for Waterfront Alliance 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.