Aquifer Inc

Analysis

Aquifer Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Aquifer Inc reported income of $8.4m and spending of $7.4m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.8m to $8.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aquifer Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NH. Charities of a similar size with the same main cause include Naca-Inspired Schools Network ($8.4m), Kidsmart ($8.4m) and Verified Solutions ($8.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $842k (11% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $15.0m against liabilities of $8.9m, net assets of $6.1m. It reported 45 employees.