Recreation & Sports (N67) IRS Verified DX Registered 990 on File

A WALK ON WATER INC

EIN: 46-1174744 · MALIBU, CA 90265-5564 · United States · FY 2023 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 74/100

Reliability (20%) 50/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Harnessing the ocean’s transformative powers, we deliver life-changing surf therapy to children with unique needs and their families. We constantly strive to enhance our programs, strengthen our community and provide access to more children in need and their families, while remaining true to our core values— Empowering children with a feeling of pride and accomplishment, as they unlock their inner athlete through the emotional and incredibly transforming experience of surfing.

Financial Overview — FY 2023

$481K

Total Revenue

$441K

Total Expenses

$1.0M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 98.3%

Fundraising Efficiency N/A

Operating Reserve 28.55x

Liability-to-Asset 1.0%

Revenue Diversification 94.9%

Executive Compensation $0

Compared with Peers

FY 2023

Compared with 11,967 similar organizations (United States, Recreation & Sports, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	98.3%	94.5%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	1.7%	4.2%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	28.6 mo	6.6 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	1.0%	0.0%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	94.9%	89.9%	P10P90	Below median
Revenue growth Year over year revenue growth	16.6%	10.9%	P10P90
Expense growth Year over year expense growth	10.3%	14.4%	P10P90
Surplus margin Surplus as a share of revenue	8.4%	2.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$481K	$441K	$1.0M	98.3%
2022	$413K	$400K	$1.0M	97.2%
2021	$702K	$332K	N/A	—

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Organization Details

EIN: 46-1174744
State: CA
City: MALIBU
ZIP: 90265-5564
Classification: N67
Category: Recreation & Sports
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2014
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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