Friends of Waters

Analysis

Friends of Waters is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of Waters reported income of $256k and spending of $241k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $246k to $256k (+4.1%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Waters sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Napt Foundation Inc ($256k), Lee County Band Boosters Inc ($256k) and A Better Day Therapy Learning Center Inc ($256k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.