Ipswich River Watershed Association Inc

Analysis

Ipswich River Watershed Association Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Ipswich River Watershed Association Inc reported income of $1.9m and spending of $1.4m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $1.9m (+183%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ipswich River Watershed Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Museum at Eldridge Street ($1.9m), Association of State Drinking Water Administrators ($1.9m) and Downtown Greens Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $115k (8.1% of expenses). Other salaries and wages came to $618k. At year end it held assets of $4.0m against liabilities of $57k, net assets of $3.9m. It reported 20 employees.