Waterlegacy

Analysis

Waterlegacy is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 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, Waterlegacy reported income of $185k and spending of $226k, spending 122% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $196k to $185k (-5.6%), an average of -5.6% a year. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Waterlegacy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Hancock County Planning Commission ($185k), The Adirondack Forty-Sixers Inc ($185k) and Thompson Lake Environmental Association Inc ($185k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.