H2o Foundation Inc

Analysis

H2o Foundation Inc is a registered charity in United States, based in Brunswick, OH. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, H2o Foundation Inc reported income of $86k and spending of $65k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $86k (-17%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H2o Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Cops Kids and Toys Inc ($86k), Saluda Pop-Up Pantry ($86k) and New Day Ministry ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.