Headwaters Foundation for Justice

Analysis

Headwaters Foundation for Justice is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 2023, Headwaters Foundation for Justice reported income of $3.6m and spending of $4.8m, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.6m to $3.6m (-58%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 76%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Headwaters Foundation for Justice sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Eastern Star Home of South Dakota Incorporated ($3.6m), Laurens Senior Pioneers Inc ($3.6m) and The Foundation for Te College of the Virgin Islands Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $286k (6.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $19.5m against liabilities of $974k, net assets of $18.5m. It reported 17 employees.