American Water Works Association

Analysis

American Water Works Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Water Works Association reported income of $797k and spending of $915k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $888k to $797k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Water Works Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Brethren Home of Girard ($797k), Chapel-Lakes Area Foundation Inc ($797k) and Calhoun Gordon Arts Council Inc ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $227k. At year end it held assets of $584k against liabilities of $251k, net assets of $333k. It reported 6 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.