Virginia Section of the American Water Works Association Inc

Analysis

Virginia Section of the American Water Works Association Inc is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Virginia Section of the American Water Works Association Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Section of the American Water Works Association Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Childrens Place Association ($1.3m), The Foundation for Geriatric Education ($1.3m) and Cardwell Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $87k (6.8% of expenses). Other salaries and wages came to $73k. At year end it held assets of $784k against liabilities of $4,561, net assets of $780k. It reported 2 employees.