Raritan Headwaters Association

Analysis

Raritan Headwaters Association is a registered charity in United States, based in Gladstone, NJ. It received its IRS tax-exemption ruling in November 1960, 66 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2022, Raritan Headwaters Association reported income of $2.0m and spending of $1.9m, spending 92% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.2m to $2.0m (+72%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 119% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Raritan Headwaters Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Cedar Lakes Conservation Foundation Inc ($2.0m), Air and Waste Management Association ($2.1m) and Hudson River Foundation for Science and Environmental Research Inc ($2.0m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 57% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $138k (7.3% of expenses). Other salaries and wages came to $832k. At year end it held assets of $10.9m against liabilities of $490k, net assets of $10.4m. It reported 40 employees.