Headwaters Inc

Analysis

Headwaters Inc is a registered charity in United States, based in Whitesburg, KY. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Headwaters Inc reported income of $66k and spending of $57k, spending 86% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $104k to $66k (-36%), an average of -36% a year. The sharpest change came in the year to September 2023, when income dropped by 36%. Over the whole period it spent 73% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Headwaters Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Arizona Recycling Coalition ($66k), Piedmont Master Gardeners ($66k) and Green Education Inc ($66k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.