Woodlands Waterway Arts Council Inc
Woodlands Waterway Arts Council shows strong revenue growth and no officer compensation.
EIN: 202239984 · Spring, TX · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $740K |
| Transparency Score | 90/100 |
Is Woodlands Waterway Arts Council Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodlands Waterway Arts Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodlands Waterway Arts Council Inc
Woodlands Waterway Arts Council Inc (EIN: 202239984) is a nonprofit organization based in Spring, TX, classified under NTEE code A60. The organization reported total revenue of $1.3M and total assets of $976K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodlands Waterway Arts Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodlands Waterway Arts Council Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$99K |
| Total Assets | $1.0M |
| Total Liabilities | $270K |
| Net Assets | $740K |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 26.7% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2024, Woodlands Waterway Arts Council Inc reported a surplus of $99K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Woodlands Waterway Arts Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.5% | +15.5% | +19.7% |
| 2023 | -3.5% | +32.5% | +2.7% |
| 2022 | +3.7% | +27.8% | +63.8% |
| 2021 | +2374.2% | +134.4% | +22.2% |
| 2020 | -93.6% | -65.1% | +118.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Woodlands Waterway Arts Council 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: 85%
- fundraising: 5%
According to IRS 990 filings, Woodlands Waterway Arts Council Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Woodlands Waterway Arts Council Inc:
- Consistent revenue growth in recent years, rebounding strongly from 2020.
- Increasing asset base, reaching over $1 million in the latest period (202407).
- 0% officer compensation reported across all filings, indicating efficient use of funds.
- Expenses consistently lower than revenue in recent periods, suggesting financial stability.
- Long history of IRS 990 filings (14 filings), demonstrating transparency.
Frequently Asked Questions about Woodlands Waterway Arts Council Inc
Is Woodlands Waterway Arts Council Inc a legitimate charity?
Woodlands Waterway Arts Council Inc (EIN: 202239984) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Woodlands Waterway Arts Council Inc spend its money?
Woodlands Waterway Arts Council Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Woodlands Waterway Arts Council Inc tax-deductible?
Woodlands Waterway Arts Council Inc is registered as a tax-exempt nonprofit (EIN: 202239984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woodlands Waterway Arts Council Inc's spending goes to programs?
Woodlands Waterway Arts Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Woodlands Waterway Arts Council Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Woodlands Waterway Arts Council Inc is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Woodlands Waterway Arts Council Inc located?
Woodlands Waterway Arts Council Inc is headquartered in Spring, Texas and files with the IRS under EIN 202239984. It is classified under NTEE code A60.
How many years of IRS 990 filings does Woodlands Waterway Arts Council Inc have?
Woodlands Waterway Arts Council Inc has 14 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 $1.3M in total revenue.
Is Woodlands Waterway Arts Council Inc. a good charity?
Based on the provided financial data, the Woodlands Waterway Arts Council Inc. appears to be a well-managed charity. It exhibits strong program spending, consistent revenue growth, increasing assets, and a notable absence of officer compensation, all of which are positive indicators.
How has the organization's financial health changed over time?
The organization experienced a significant dip in revenue and an expense exceeding revenue in 2020 ($38,410 revenue vs. $230,547 expenses), likely due to the pandemic. However, it has shown remarkable recovery and consistent growth since then, with revenue increasing from $950,329 in 202107 to $1,155,393 in 202407, and assets growing from $410,929 in 202007 to $1,010,749 in 202407.
What is the organization's program efficiency?
While specific program spending percentages are not detailed in the provided data, the general trend of expenses being less than revenue in recent years (e.g., 202407: $1,056,871 expenses vs. $1,155,393 revenue) suggests efficient operations. The absence of officer compensation further implies a high proportion of funds are directed towards programs.
Filing History
IRS 990 filing history for Woodlands Waterway Arts Council Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Woodlands Waterway Arts Council Inc's revenue has grown by 128.8%, moving from $505K to $1.2M. Total assets increased by 134.9% over the same period, from $430K to $1.0M. Total functional expenses rose by 134.4%, from $451K to $1.1M. In its most recent filing year (2024), Woodlands Waterway Arts Council Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $270K in liabilities against $1.0M in assets (debt-to-asset ratio: 26.7%), resulting in net assets of $740K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.1M | $1.0M | $270K | — | View 990 |
| 2023 | $951K | $915K | $844K | $203K | — | View 990 |
| 2022 | $985K | $691K | $822K | $215K | — | View 990 |
| 2021 | $950K | $540K | $502K | $189K | — | — |
| 2020 | $38K | $231K | $411K | $508K | — | — |
| 2019 | $596K | $661K | $188K | $93K | — | View 990 |
| 2018 | $382K | $599K | $240K | $81K | — | View 990 |
| 2017 | $809K | $855K | $450K | $73K | — | View 990 |
| 2016 | $767K | $665K | $507K | $84K | — | View 990 |
| 2015 | $722K | $756K | $452K | $131K | — | View 990 |
| 2014 | $756K | $793K | $414K | $60K | — | View 990 |
| 2013 | $614K | $579K | $502K | $111K | — | View 990 |
| 2012 | $523K | $524K | $449K | $93K | — | View 990 |
| 2011 | $505K | $451K | $430K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +21.5% year-over-year).
- 2023: Revenue of $951K, expenses of $915K, and assets of $844K (revenue -3.5% year-over-year).
- 2022: Revenue of $985K, expenses of $691K, and assets of $822K (revenue +3.7% year-over-year).
- 2021: Revenue of $950K, expenses of $540K, and assets of $502K (revenue +2374.2% year-over-year).
- 2020: Revenue of $38K, expenses of $231K, and assets of $411K (revenue -93.6% year-over-year).
- 2019: Revenue of $596K, expenses of $661K, and assets of $188K (revenue +56.0% year-over-year).
- 2018: Revenue of $382K, expenses of $599K, and assets of $240K (revenue -52.8% year-over-year).
- 2017: Revenue of $809K, expenses of $855K, and assets of $450K (revenue +5.5% year-over-year).
- 2016: Revenue of $767K, expenses of $665K, and assets of $507K (revenue +6.2% year-over-year).
- 2015: Revenue of $722K, expenses of $756K, and assets of $452K (revenue -4.5% year-over-year).
- 2014: Revenue of $756K, expenses of $793K, and assets of $414K (revenue +23.2% year-over-year).
- 2013: Revenue of $614K, expenses of $579K, and assets of $502K (revenue +17.4% year-over-year).
- 2012: Revenue of $523K, expenses of $524K, and assets of $449K (revenue +3.5% year-over-year).
- 2011: Revenue of $505K, expenses of $451K, and assets of $430K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodlands Waterway Arts Council Inc:
Data Sources and Methodology
This transparency report for Woodlands Waterway Arts Council 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.