American Water Works Association

Analysis

American Water Works Association is a registered charity in United States, based in Wales, WI. 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, American Water Works Association reported income of $425k and spending of $443k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $425k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Water Works Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Casa Romero Renewal Center Inc ($425k), Cyberhive ($425k) and Paralyzed Veterans of America- Buckeye Chapter Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $15k (3.4% of expenses). Other salaries and wages came to $59k. At year end it held assets of $386k against liabilities of $74k, net assets of $312k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.