For Love of Water

Analysis

For Love of Water is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in December 2013, 13 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 September 2023, For Love of Water reported income of $2.1m and spending of $719k, leaving 65% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $486k to $2.1m (+325%), an average of +44% a year. The sharpest change came in the year to September 2023, when income rose by 146%. Over the whole period it spent 63% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, For Love of Water sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Mount Grace Land Conservation Trust Inc ($2.1m), Roaring Fork Conservancy ($2.1m) and Fondo Mexicano Para LA Conservacion de LA Naturaleza Ac ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $96k (13% of expenses). Other salaries and wages came to $269k. At year end it held assets of $2.4m against liabilities of $76k, net assets of $2.3m. It reported 9 employees.