Stew Leonard III Water Safety Foundation Inc

Analysis

Stew Leonard III Water Safety Foundation Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Stew Leonard III Water Safety Foundation Inc reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $698k to $2.1m (+196%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 418%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stew Leonard III Water Safety Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Pro Musica Chamber Orchestra of Columbus Inc ($2.1m), Disability Resources Agency for Independent Living ($2.1m) and Oregon Natural Desert Association Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 34% of the total. Other salaries and wages came to $467k. At year end it held assets of $5.3m against liabilities of $1.7m, net assets of $3.6m. It reported 63 employees.