New England Water Works Association Inc

Analysis

New England Water Works Association Inc is a registered charity in United States, based in Holliston, MA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New England Water Works Association Inc reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Water Works Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include St Johns Hospice ($2.8m), Hispanic Coalition of Greater Waterbury Inc ($2.8m) and Arc of Tri-Cities ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $157k (6.1% of expenses). Other salaries and wages came to $771k. At year end it held assets of $5.8m against liabilities of $811k, net assets of $5.0m. It reported 12 employees.