Waterhawks

Analysis

Waterhawks is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Waterhawks reported income of $170k and spending of $128k, leaving 24% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $141k to $170k (+21%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waterhawks sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Barnsdall Art Park Foundation ($170k), Madison Swimming Association ($170k) and Edina Ultimate ($170k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 16% of the total. At year end it held assets of $398k against liabilities of $85k, net assets of $313k.