On the Water Inc

Analysis

On the Water Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, On the Water Inc reported income of $58k and spending of $61k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $58k (-11%), an average of -10% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, On the Water Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 15th percentile within ND. Charities of a similar size with the same main cause include Aquatics Booster Club ($58k), Quaker Valley Youth Football and Cheerleading ($58k) and Arizona Chess Central ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.