Waterkeeper Alliance Inc
Waterkeeper Alliance Inc. shows fluctuating revenues and expenses, with recent financial stability and no reported officer compensation.
EIN: 134071318 · New York, NY · NTEE: C013 · Updated: 2026-03-28
Is Waterkeeper Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterkeeper Alliance Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterkeeper Alliance Inc
Waterkeeper Alliance Inc (EIN: 134071318) is a nonprofit organization based in New York, NY, classified under NTEE code C013. The organization reported total revenue of $9.2M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterkeeper Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterkeeper Alliance Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $9.1M |
| Total Liabilities | $4.8M |
| Net Assets | $4.2M |
| Operating Margin | 21.6% |
| Debt-to-Asset Ratio | 53.4% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Waterkeeper Alliance Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 53.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waterkeeper Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.0% | -58.8% | +88.0% |
| 2022 | +29.7% | +68.4% | -12.5% |
| 2021 | -32.4% | -44.0% | +71.5% |
| 2020 | +11.1% | +2.5% | +3.1% |
| 2019 | -11.9% | +14.5% | -54.8% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waterkeeper Alliance Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Waterkeeper Alliance Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues frequently exceeding $10 million and assets in the millions. This could indicate that compensation is reported under other expense categories or that key leadership roles are compensated through other means not directly reflected as 'officer compensation' on the 990.
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.
Red Flags
The following concerns were identified during AI analysis of Waterkeeper Alliance Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive compensation reporting.
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability in funding or operational planning.
- Periods of operating deficits, such as in 2022 where expenses exceeded revenue by over $1.6 million.
Strengths
The following positive indicators were identified for Waterkeeper Alliance Inc:
- Positive net income in the most recent filing (202306), indicating current financial health.
- Substantial asset base of over $9 million in 2023, providing a buffer for operations.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and operational longevity.
Frequently Asked Questions about Waterkeeper Alliance Inc
Is Waterkeeper Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterkeeper Alliance Inc (EIN: 134071318) some concerns. Mission Score: 78/100. 3 red flags identified, 3 strengths noted.
How does Waterkeeper Alliance Inc spend its money?
Waterkeeper Alliance Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterkeeper Alliance Inc tax-deductible?
Waterkeeper Alliance Inc is registered as a tax-exempt nonprofit (EIN: 134071318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waterkeeper Alliance Inc. financially stable?
While the organization has experienced significant revenue and expense fluctuations, the latest filing (202306) shows a positive net income with revenues of $8,822,541 exceeding expenses of $6,915,327, suggesting current financial stability.
How does Waterkeeper Alliance Inc. compensate its leadership?
All available IRS 990 filings consistently report 0% officer compensation. This is an unusual reporting pattern for an organization of this size and scale, suggesting that executive compensation may be categorized differently or not directly reported under 'officer compensation'.
What is the trend in Waterkeeper Alliance Inc.'s assets?
The organization's assets have fluctuated significantly, from a low of $2,038,627 in 2016 to a high of $9,064,151 in 2023, indicating periods of both asset growth and reduction.
Does Waterkeeper Alliance Inc. operate with a surplus or deficit?
The organization has experienced both surpluses (e.g., 202306: Revenue $8.8M, Expenses $6.9M) and deficits (e.g., 202206: Revenue $15.2M, Expenses $16.8M) over the past decade, indicating variable financial performance year-to-year.
Filing History
IRS 990 filing history for Waterkeeper Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waterkeeper Alliance Inc's revenue has grown by 167.7%, moving from $3.3M to $8.8M. Total assets increased by 1115.6% over the same period, from $746K to $9.1M. Total functional expenses rose by 102.2%, from $3.4M to $6.9M. In its most recent filing year (2023), Waterkeeper Alliance Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $9.1M in assets (debt-to-asset ratio: 53.4%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $6.9M | $9.1M | $4.8M | — | — |
| 2022 | $15.2M | $16.8M | $4.8M | $2.6M | — | View 990 |
| 2021 | $11.7M | $10.0M | $5.5M | $1.5M | — | View 990 |
| 2020 | $17.3M | $17.8M | $3.2M | $1.1M | — | View 990 |
| 2019 | $15.6M | $17.4M | $3.1M | $477K | — | View 990 |
| 2018 | $17.7M | $15.2M | $6.9M | $2.5M | — | View 990 |
| 2017 | $20.1M | $19.1M | $2.6M | $694K | — | View 990 |
| 2016 | $16.4M | $18.0M | $2.0M | $1.0M | — | View 990 |
| 2015 | $9.9M | $11.3M | $3.3M | $607K | — | View 990 |
| 2014 | $10.7M | $8.6M | $4.4M | $255K | — | View 990 |
| 2013 | $4.1M | $3.6M | $2.1M | $122K | — | View 990 |
| 2012 | $4.4M | $3.2M | $1.8M | $228K | — | View 990 |
| 2011 | $3.3M | $3.4M | $746K | $378K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $6.9M, and assets of $9.1M (revenue -42.0% year-over-year).
- 2022: Revenue of $15.2M, expenses of $16.8M, and assets of $4.8M (revenue +29.7% year-over-year).
- 2021: Revenue of $11.7M, expenses of $10.0M, and assets of $5.5M (revenue -32.4% year-over-year).
- 2020: Revenue of $17.3M, expenses of $17.8M, and assets of $3.2M (revenue +11.1% year-over-year).
- 2019: Revenue of $15.6M, expenses of $17.4M, and assets of $3.1M (revenue -11.9% year-over-year).
- 2018: Revenue of $17.7M, expenses of $15.2M, and assets of $6.9M (revenue -11.9% year-over-year).
- 2017: Revenue of $20.1M, expenses of $19.1M, and assets of $2.6M (revenue +22.7% year-over-year).
- 2016: Revenue of $16.4M, expenses of $18.0M, and assets of $2.0M (revenue +65.0% year-over-year).
- 2015: Revenue of $9.9M, expenses of $11.3M, and assets of $3.3M (revenue -7.5% year-over-year).
- 2014: Revenue of $10.7M, expenses of $8.6M, and assets of $4.4M (revenue +164.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.6M, and assets of $2.1M (revenue -8.2% year-over-year).
- 2012: Revenue of $4.4M, expenses of $3.2M, and assets of $1.8M (revenue +34.0% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.4M, and assets of $746K.
Data Sources and Methodology
This transparency report for Waterkeeper 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.