World Aquaculture Institute Corporation
World Aquaculture Institute Corporation's revenue and assets have sharply declined over the past seven years.
EIN: 202530846 · Newport, RI · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $5K |
| Program Spending | 80% |
| Net Assets | $860 |
| Transparency Score | 45/100 |
Is World Aquaculture Institute Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Aquaculture Institute Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Aquaculture Institute Corporation
World Aquaculture Institute Corporation (EIN: 202530846) is a nonprofit organization based in Newport, RI, classified under NTEE code Q33. The organization reported total revenue of $4K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Aquaculture Institute Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Aquaculture Institute Corporation is a micro nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 26.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $5K |
| Surplus / Deficit | +$860 |
| Total Assets | $860 |
| Net Assets | $860 |
| Operating Margin | 14.1% |
| Months of Reserves | 2.0 months |
Financial Health Grade: A
In 2023, World Aquaculture Institute Corporation reported a surplus of $860 with revenue exceeding expenses, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), World Aquaculture Institute Corporation's revenue has grown at a compound annual growth rate (CAGR) of 26.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | -10.4% | -90.2% |
| 2022 | +10.5% | +8.1% | -64.7% |
| 2021 | -16.2% | -13.9% | -80.3% |
| 2020 | -18.1% | -18.5% | -44.6% |
| 2019 | -75.9% | -93.7% | -31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 World Aquaculture Institute Corporation with a Mission Score of 45 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, World Aquaculture Institute Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $860, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization of its former size but consistent with its current minimal revenue.
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 World Aquaculture Institute Corporation's IRS 990 filings:
- Dramatic decline in revenue from $91,800 (2017) to $4,200 (latest period).
- Significant reduction in assets from $425,218 (2016) to $2,670 (latest period).
- Sustained trend of decreasing financial activity over multiple years.
- Expenses consistently close to revenue, indicating minimal financial growth or reserves.
Strengths
The following positive indicators were identified for World Aquaculture Institute Corporation:
- Consistent reporting of 0% officer compensation across all filings.
- No reported liabilities in any filing period, indicating fiscal responsibility regarding debt.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about World Aquaculture Institute Corporation
Is World Aquaculture Institute Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, World Aquaculture Institute Corporation (EIN: 202530846) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does World Aquaculture Institute Corporation spend its money?
World Aquaculture Institute Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to World Aquaculture Institute Corporation tax-deductible?
World Aquaculture Institute Corporation is registered as a tax-exempt nonprofit (EIN: 202530846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of World Aquaculture Institute Corporation's spending goes to programs?
World Aquaculture Institute Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does World Aquaculture Institute Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), World Aquaculture Institute Corporation is near average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is World Aquaculture Institute Corporation located?
World Aquaculture Institute Corporation is headquartered in Newport, Rhode Island and files with the IRS under EIN 202530846. It is classified under NTEE code Q33.
How many years of IRS 990 filings does World Aquaculture Institute Corporation have?
World Aquaculture Institute Corporation has 8 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 $4K in total revenue.
Is World Aquaculture Institute Corporation still actively pursuing its mission given its reduced financial scale?
The significant decline in revenue from $91,800 in 2017 to $4,200 in the latest period, and assets from $425,218 in 2016 to $2,670, raises serious questions about the organization's current operational capacity and the extent to which it can effectively pursue its mission.
What caused the drastic reduction in revenue and assets?
The provided IRS 990 data does not specify the reasons for the sharp decline in revenue and assets. Further investigation into the organization's activities or direct contact would be necessary to understand the underlying causes.
Is the organization at risk of closure?
While the organization has consistently filed its 990s, the sustained and significant decline in financial resources suggests a high risk of operational challenges and potential closure if current trends continue.
Filing History
IRS 990 filing history for World Aquaculture Institute Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), World Aquaculture Institute Corporation's revenue has grown by 408.3%, moving from $1K to $6K. Total assets decreased by 99.8% over the same period, from $425K to $860. Total functional expenses rose by 343.3%, from $1K to $5K. In its most recent filing year (2023), World Aquaculture Institute Corporation reported a surplus of $860, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $5K | $860 | $0 | — | View 990 |
| 2022 | $6K | $6K | $9K | $0 | — | View 990 |
| 2021 | $6K | $5K | $25K | $0 | — | — |
| 2020 | $7K | $6K | $127K | $0 | — | View 990 |
| 2019 | $8K | $8K | $228K | $0 | — | View 990 |
| 2018 | $34K | $123K | $332K | $0 | — | View 990 |
| 2017 | $92K | $9K | $420K | $0 | — | View 990 |
| 2016 | $1K | $1K | $425K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $5K, and assets of $860 (revenue -3.2% year-over-year).
- 2022: Revenue of $6K, expenses of $6K, and assets of $9K (revenue +10.5% year-over-year).
- 2021: Revenue of $6K, expenses of $5K, and assets of $25K (revenue -16.2% year-over-year).
- 2020: Revenue of $7K, expenses of $6K, and assets of $127K (revenue -18.1% year-over-year).
- 2019: Revenue of $8K, expenses of $8K, and assets of $228K (revenue -75.9% year-over-year).
- 2018: Revenue of $34K, expenses of $123K, and assets of $332K (revenue -62.5% year-over-year).
- 2017: Revenue of $92K, expenses of $9K, and assets of $420K (revenue +7550.0% year-over-year).
- 2016: Revenue of $1K, expenses of $1K, and assets of $425K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Aquaculture Institute Corporation:
Data Sources and Methodology
This transparency report for World Aquaculture Institute Corporation 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.