It is a Compound.
Water can't be a mixture because it is chemically bonded and cannot be separated into H2 and O by physical means.
And water cannot be an element, because it is made of atoms of different types [H and Oxygen]
Most clouds are white. That's because water and ice particles that make up a cloud have just the right amount and sizes to scatter light in all possible wavelengths. When light of practically all wavelengths combine, the result is white light.
Star clusters is the only thing i can think of that would apply.