Headwaters Charitable TR

Analysis

Headwaters Charitable TR is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Headwaters Charitable TR reported income of $605k and spending of $687k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $605k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Headwaters Charitable TR sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Onecompassion ($605k), Looking Above and Beyond Inc ($605k) and Ron McBride Foundation Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $45k. At year end it held assets of $2.9m against liabilities of $590k, net assets of $2.3m. It reported 3 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.