Waterford Institute Inc

Analysis

Waterford Institute Inc is a registered charity in United States, based in Taylorsville, UT. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 August 2023, Waterford Institute Inc reported income of $73.5m and spending of $60.4m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $32.7m to $73.5m (+125%), an average of +22% a year. The sharpest change came in the year to August 2020, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterford Institute Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Carnegie Institute ($73.2m), New York Public Radio ($73.7m) and The Carnegie Hall Corporation ($72.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $5.0m (8.3% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $72.5m against liabilities of $46.2m, net assets of $26.2m. It reported 448 employees.