Brady County Water District

Analysis

Brady County Water District is a registered charity in United States, based in Brady, MT. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 October 2023, Brady County Water District reported income of $167k and spending of $303k, spending 182% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $271k to $167k (-38%), an average of -11% a year. The sharpest change came in the year to October 2020, when income dropped by 40%. Over the whole period it spent 150% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brady County Water District sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MT. Charities of a similar size with the same main cause include Magnolia Arts Council Inc ($167k), Michigan Congress of Parents Teachers and Students ($167k) and GTX Connect ($167k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $26k (8.6% of expenses). At year end it held assets of $4.5m against liabilities of $771k, net assets of $3.8m. It reported 4 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.