Project Wet Foundation

Analysis

Project Wet Foundation is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Project Wet Foundation reported income of $639k and spending of $939k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $755k to $639k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 137% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Project Wet Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within MT. Charities of a similar size with the same main cause include Southern Maine Conservation Collaborative ($639k), Save Long Beach Island Inc ($640k) and Urban Green Lab ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $133k (14% of expenses). Other salaries and wages came to $312k. At year end it held assets of $811k against liabilities of $126k, net assets of $685k. It reported 7 employees.