Waterkeepers Chesapeake Inc

Analysis

Waterkeepers Chesapeake Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2015, 11 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 December 2023, Waterkeepers Chesapeake Inc reported income of $309k and spending of $601k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $309k (-83%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 107% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Waterkeepers Chesapeake Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Andover Village Improvement Society ($309k), Ravenwood Outdoor Learning Center ($309k) and Greater Eastover Foundation Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $136k (23% of expenses). Other salaries and wages came to $180k. At year end it held assets of $510k against liabilities of $4,968, net assets of $505k. It reported 7 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.