American Water Works Association

Analysis

American Water Works Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, American Water Works Association reported income of $779k and spending of $719k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $857k to $779k (-9.1%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Water Works Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Akron Area Intergroup Council of Aa ($779k), Oaklawn Foundation for Mental Health Inc ($779k) and Friends of the Kittitas County Fair Grounds Foundation ($779k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $117k (16% of expenses). Other salaries and wages came to $107k. At year end it held assets of $978k against liabilities of $126k, net assets of $852k. It reported 9 employees.