Grand Traverse Bay Watershed Initiative Inc

Analysis

Grand Traverse Bay Watershed Initiative Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Grand Traverse Bay Watershed Initiative Inc reported income of $1.3m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $652k to $1.3m (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Grand Traverse Bay Watershed Initiative Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Black Oaks Center for Sustainable Renewable Living NFP ($1.3m), Groundwork Rhode Island ($1.3m) and Southeastern Trust for Parks and Land Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $234k. At year end it held assets of $497k against liabilities of $111k, net assets of $386k. It reported 4 employees.