Massachusetts Water Works Association Incorporated

Analysis

Massachusetts Water Works Association Incorporated is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Massachusetts Water Works Association Incorporated reported income of $831k and spending of $672k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $609k to $831k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Water Works Association Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include N O Bayou Chapter Abc Apprenshp & Craft Training Educ TR Fund ($831k), Indianapolis Rowing Center Inc ($831k) and North Lawrence Volunteer Fire Dept Inc ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $164k (24% of expenses). Other salaries and wages came to $169k. At year end it held assets of $1.4m against liabilities of $150k, net assets of $1.2m. It reported 6 employees.