World Aquatic Coalition Inc
World Aquatic Coalition Inc. shows consistent revenue but recent deficits and increasing liabilities, with no reported officer compensation.
EIN: 201534632 · Brunswick, GA · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-29,364 |
| Transparency Score | 80/100 |
Is World Aquatic Coalition Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Aquatic Coalition Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Aquatic Coalition Inc
World Aquatic Coalition Inc (EIN: 201534632) is a nonprofit organization based in Brunswick, GA, classified under NTEE code P99. The organization reported total revenue of $1.1M and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Aquatic Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Aquatic Coalition Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-66,208 |
| Total Assets | $71K |
| Total Liabilities | $100K |
| Net Assets | $-29,364 |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 141.3% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2023, World Aquatic Coalition Inc reported a deficit of $66K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 141.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), World Aquatic Coalition Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +3.5% | -38.0% |
| 2022 | +33.1% | +49.6% | +4.4% |
| 2021 | +23.3% | +6.1% | +34.4% |
| 2020 | -39.1% | -33.9% | -32.7% |
| 2019 | -10.7% | -5.8% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| 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 World Aquatic Coalition Inc with a Mission Score of 80 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, World Aquatic Coalition 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 141.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with over $1 million in annual 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 Aquatic Coalition Inc's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($1,158,411 vs $1,095,097) and 2023 ($1,199,412 vs $1,133,204), indicating operational deficits.
- Liabilities ($100,411 in 2023) significantly exceeded assets ($71,047) in the most recent filing period, potentially indicating financial strain or reliance on short-term funding.
Strengths
The following positive indicators were identified for World Aquatic Coalition Inc:
- Consistent annual revenue exceeding $1 million for most years, demonstrating a stable funding base.
- Reported 0% officer compensation across all filings, indicating highly efficient use of funds at the executive level.
- Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and transparency.
Frequently Asked Questions about World Aquatic Coalition Inc
Is World Aquatic Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, World Aquatic Coalition Inc (EIN: 201534632) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does World Aquatic Coalition Inc spend its money?
World Aquatic Coalition Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to World Aquatic Coalition Inc tax-deductible?
World Aquatic Coalition Inc is registered as a tax-exempt nonprofit (EIN: 201534632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the World Aquatic Coalition Inc CEO make?
World Aquatic Coalition Inc's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of World Aquatic Coalition Inc's spending goes to programs?
World Aquatic Coalition Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does World Aquatic Coalition Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), World Aquatic Coalition Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is World Aquatic Coalition Inc located?
World Aquatic Coalition Inc is headquartered in Brunswick, Georgia and files with the IRS under EIN 201534632. It is classified under NTEE code P99.
How many years of IRS 990 filings does World Aquatic Coalition Inc have?
World Aquatic Coalition 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 $1.1M in total revenue.
Is World Aquatic Coalition Inc. a good charity?
Based on the available data, World Aquatic Coalition Inc. appears to be a good charity, particularly due to its consistent operational scale and the reported 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. However, recent deficits and increased liabilities warrant closer monitoring.
What is the trend in the organization's financial health?
The organization has maintained over $1 million in revenue for most years, indicating a stable funding base. However, expenses have exceeded revenue in 2022 and 2023, leading to deficits, and liabilities have significantly increased to $100,411 in 2023, surpassing assets for that year. This trend suggests a need for careful financial management to ensure long-term stability.
How does the organization manage its administrative costs?
While a detailed breakdown of administrative costs isn't provided, the consistent reporting of 0% officer compensation strongly suggests a lean approach to executive overhead, which is a significant component of administrative expenses. This indicates a focus on minimizing top-level administrative burden.
Filing History
IRS 990 filing history for World Aquatic Coalition Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), World Aquatic Coalition Inc's revenue has grown by 6.4%, moving from $1.1M to $1.1M. Total assets decreased by 14.9% over the same period, from $83K to $71K. Total functional expenses rose by 12.3%, from $1.1M to $1.2M. In its most recent filing year (2023), World Aquatic Coalition Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $100K in liabilities against $71K in assets (debt-to-asset ratio: 141.3%), resulting in net assets of $-29,364.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $71K | $100K | — | — |
| 2022 | $1.1M | $1.2M | $115K | $77K | — | View 990 |
| 2021 | $823K | $774K | $110K | $8K | — | View 990 |
| 2020 | $668K | $730K | $82K | $28K | — | View 990 |
| 2019 | $1.1M | $1.1M | $121K | $5K | — | View 990 |
| 2018 | $1.2M | $1.2M | $135K | $8K | — | View 990 |
| 2017 | $1.0M | $1.0M | $72K | $4K | — | View 990 |
| 2016 | $1.2M | $1.1M | $71K | $2K | — | View 990 |
| 2015 | $1.1M | $1.1M | $72K | $31K | — | View 990 |
| 2014 | $1.0M | $985K | $74K | $43K | — | View 990 |
| 2013 | $1.0M | $976K | $84K | $87K | — | View 990 |
| 2012 | $1.0M | $1.1M | $49K | $118K | — | View 990 |
| 2011 | $1.0M | $986K | $85K | $83K | — | View 990 |
| 2010 | $1.1M | $1.1M | $83K | $91K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $71K (revenue +3.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $115K (revenue +33.1% year-over-year).
- 2021: Revenue of $823K, expenses of $774K, and assets of $110K (revenue +23.3% year-over-year).
- 2020: Revenue of $668K, expenses of $730K, and assets of $82K (revenue -39.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $121K (revenue -10.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $135K (revenue +17.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $72K (revenue -9.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $71K (revenue +9.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $72K (revenue +4.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $985K, and assets of $74K (revenue -2.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $976K, and assets of $84K (revenue +0.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $49K (revenue +3.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $986K, and assets of $85K (revenue -6.0% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.1M, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Aquatic Coalition Inc:
Data Sources and Methodology
This transparency report for World Aquatic Coalition 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.