Broad Water Innovations

Analysis

Broad Water Innovations is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2014, 12 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, Broad Water Innovations reported income of $537k and spending of $257k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $989k to $537k (-46%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 251%. Over the whole period it spent 36% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Broad Water Innovations sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Somerset County Conservancy Charitable Trust ($536k), Camp RD Inc ($537k) and Sustainable Finger Lakes Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $22k (8.8% of expenses). Other salaries and wages came to $19k. At year end it held assets of $332k against liabilities of $1,656, net assets of $331k. It reported 2 employees.