Waterwell Productions Inc

Analysis

Waterwell Productions Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Waterwell Productions Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $825k to $1.0m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterwell Productions Inc 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include The All-American Boys Chorus ($1.0m), Cavanaugh Flight Museum ($1.0m) and Canyon Concert Ballet ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $80k (7.9% of expenses). Other salaries and wages came to $649k. At year end it held assets of $94k against liabilities of $33k, net assets of $61k. It reported 128 employees.