Water Isac

Analysis

Water Isac is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Water Isac reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $952k to $1.2m (+24%), an average of +5.6% a year. Over the whole period it spent 95% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Water Isac sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Supply Fire & Rescue Inc ($1.2m), Drive Smart Virginia Inc ($1.2m) and Academy of Medical and Public Health Services ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $2.4m against liabilities of $595k, net assets of $1.8m.