Mewater Foundation Incorporated

Analysis

Mewater Foundation Incorporated is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Mewater Foundation Incorporated reported income of $315k and spending of $313k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $248k to $315k (+27%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mewater Foundation Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Osceola County 4-H & Ffa Fair ($315k), Watts 2 Boston Foundation ($315k) and US Center for Civic Engagement Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (31% of expenses). It paid $16k in professional fundraising fees. At year end it held assets of $142k against liabilities of $1,238, net assets of $141k.