Waterloo Greenway Conservancy

Analysis

Waterloo Greenway Conservancy is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Waterloo Greenway Conservancy reported income of $8.1m and spending of $9.4m, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $26.6m to $8.1m (-70%), an average of -21% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waterloo Greenway Conservancy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Grand Avenue Economic Community Development Corp ($8.1m), Invest Puerto Rico Inc ($8.1m) and Johnston County Industries Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $899k (9.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $15.9m against liabilities of $3.8m, net assets of $12.1m. It reported 63 employees.