Headwaters Inc

Analysis

Headwaters Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in March 1946, 80 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, Headwaters Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.8m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Headwaters Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Institute for Survivor Care Inc ($1.8m), Temicha Support Line Inc ($1.8m) and King Edwards Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.0% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $218k, net assets of $1.5m. It reported 36 employees.