Abundant Waters Inc

Analysis

Abundant Waters Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. 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, Abundant Waters Inc reported income of $445k and spending of $485k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $445k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abundant Waters Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Assn of College & Univ Housing Officers Itnl Res & Eductl FNDTN ($445k), Lexington-Bedford Youth Hockey Inc ($445k) and Southern Nevada Association of Pride Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (2.5% of expenses). At year end it held assets of $123k against liabilities of $18k, net assets of $106k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.