Revitalizing Waterbury Inc

Analysis

Revitalizing Waterbury Inc is a registered charity in United States, based in Waterbury, VT. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Revitalizing Waterbury Inc reported income of $338k and spending of $318k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $338k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Revitalizing Waterbury Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Central Arkansas Swim Club Inc ($338k), Perfect Balance Booster Club ($338k) and A Better Shot Foundation Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $65k (20% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1.2m against liabilities of $74k, net assets of $1.2m. It reported 4 employees.