American Water Works Association

Analysis

American Water Works Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, American Water Works Association reported income of $35.4m and spending of $32.5m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $34.2m to $35.4m (+3.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 53%. 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, American Water Works Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include University of Alabama Huntsville Foundation ($35.3m), Finger Lakes Area Counseling and Recovery Agency Inc ($35.5m) and Acs Development Company I Inc ($35.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.6m (4.9% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $46.4m against liabilities of $19.8m, net assets of $26.6m. It reported 164 employees.