Water Well Trust Incorporated

Analysis

Water Well Trust Incorporated is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Water Well Trust Incorporated reported income of $3.6m and spending of $2.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $3.6m (+469%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 291%. Over the whole period it spent 66% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Water Well Trust Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Inland Seas Education Association ($3.6m), Climate Resolve ($3.6m) and American Lumber Standard Committee Incorporated ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $109k (4.9% of expenses). Other salaries and wages came to $184k. At year end it held assets of $4.1m against liabilities of $84k, net assets of $4.1m. It reported 5 employees.