New England Water Environment Assoc

Analysis

New England Water Environment Assoc is a registered charity in United States, based in Woburn, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New England Water Environment Assoc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.6m (+35%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 74%. Over the whole period it spent 108% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New England Water Environment Assoc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Opportunity Ministries Inc ($1.6m), Heal the Ocean ($1.6m) and New York Water Environment Association Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $139k (9.8% of expenses). Other salaries and wages came to $211k. At year end it held assets of $645k against liabilities of $141k, net assets of $504k. It reported 6 employees.