Waters Foundation Inc
Waters Foundation Inc. maintains strong asset base and zero executive compensation amidst fluctuating revenues.
EIN: 205212596 · Savannah, GA · NTEE: T20 · Updated: 2026-03-28
Is Waters Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waters Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waters Foundation Inc
Waters Foundation Inc (EIN: 205212596) is a nonprofit organization based in Savannah, GA, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waters Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waters Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $718K |
| Surplus / Deficit | +$318K |
| Total Assets | $10.9M |
| Total Liabilities | $1 |
| Net Assets | $10.9M |
| Operating Margin | 30.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.1 months |
Financial Health Grade: A
In 2023, Waters Foundation Inc reported a surplus of $318K with revenue exceeding expenses, holds 182.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Waters Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.8% | -0.3% | +3.0% |
| 2022 | +95.2% | +34.6% | -1.9% |
| 2021 | +146.9% | +12.6% | -1.4% |
| 2020 | -91.5% | -43.1% | -2.8% |
| 2019 | +55.8% | +371.5% | +117.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Waters Foundation Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Waters Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $318K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with over $10 million in assets and over $1 million in annual revenue, suggesting a volunteer leadership model or that compensation is covered by an external entity, which enhances the organization's financial efficiency.
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 Waters Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue streams, which could indicate reliance on unpredictable funding sources or large one-time grants.
Strengths
The following positive indicators were identified for Waters Foundation Inc:
- Exceptional financial stability with over $10 million in assets and minimal liabilities ($1 in 202312).
- Zero executive compensation reported across all filings, demonstrating a strong commitment to mission-focused spending.
- Consistent positive net income in most recent years (e.g., $1,036,016 revenue vs. $717,587 expenses in 202312).
- Strong asset growth over the long term, from $2,140,898 in 201112 to $10,889,254 in 202312.
Frequently Asked Questions about Waters Foundation Inc
Is Waters Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waters Foundation Inc (EIN: 205212596) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Waters Foundation Inc spend its money?
Waters Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waters Foundation Inc tax-deductible?
Waters Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205212596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waters Foundation Inc. financially stable?
Yes, the Waters Foundation Inc. is financially stable, evidenced by its substantial assets of $10,889,254 and consistently low liabilities, often reported as only $1 across multiple filing periods.
How does Waters Foundation Inc. manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that no officers receive salaries from the foundation, which is a strong positive for financial efficiency.
What is the trend in Waters Foundation Inc.'s revenue?
Revenue for Waters Foundation Inc. has been highly variable, ranging from $155,906 in 202012 to $1,833,389 in 201912, and most recently $1,036,016 in 202312, suggesting inconsistent funding streams.
Does Waters Foundation Inc. have significant debt?
No, the Waters Foundation Inc. has negligible debt, with liabilities consistently reported as $1 in recent years, indicating a very healthy balance sheet.
Filing History
IRS 990 filing history for Waters Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Waters Foundation Inc's revenue has declined by 0.4%, moving from $1.0M to $1.0M. Total assets increased by 408.6% over the same period, from $2.1M to $10.9M. Total functional expenses rose by 3577.7%, from $20K to $718K. In its most recent filing year (2023), Waters Foundation Inc reported a surplus of $318K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $718K | $10.9M | $1 | — | — |
| 2022 | $752K | $720K | $10.6M | $1 | — | View 990 |
| 2021 | $385K | $535K | $10.8M | $1 | — | View 990 |
| 2020 | $156K | $475K | $10.9M | $1 | — | View 990 |
| 2019 | $1.8M | $834K | $11.2M | $0 | — | View 990 |
| 2015 | $1.2M | $177K | $5.2M | $1 | — | View 990 |
| 2014 | $313K | $200K | $4.4M | $1 | — | View 990 |
| 2013 | $1.4M | $127K | $4.4M | $1 | — | View 990 |
| 2012 | $1.3M | $195K | $3.1M | $96 | — | View 990 |
| 2011 | $1.0M | $20K | $2.1M | $96 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $718K, and assets of $10.9M (revenue +37.8% year-over-year).
- 2022: Revenue of $752K, expenses of $720K, and assets of $10.6M (revenue +95.2% year-over-year).
- 2021: Revenue of $385K, expenses of $535K, and assets of $10.8M (revenue +146.9% year-over-year).
- 2020: Revenue of $156K, expenses of $475K, and assets of $10.9M (revenue -91.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $834K, and assets of $11.2M (revenue +55.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $177K, and assets of $5.2M (revenue +275.8% year-over-year).
- 2014: Revenue of $313K, expenses of $200K, and assets of $4.4M (revenue -77.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $127K, and assets of $4.4M (revenue +12.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $195K, and assets of $3.1M (revenue +20.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $20K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waters Foundation Inc:
Data Sources and Methodology
This transparency report for Waters 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.