Waterways

Analysis

Waterways is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 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, Waterways reported income of $652k and spending of $533k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $652k (+179%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Waterways 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 76th percentile within TN. Charities of a similar size with the same main cause include Friends of the Flint River Watershed Inc ($652k), Doan Brook Watershed Partnership ($653k) and Friends of Patterson Park Inc ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $203k. At year end it held assets of $363k against liabilities of $8,081, net assets of $355k. It reported 15 employees.