North Carolina Water Environment Association Inc

Analysis

North Carolina Water Environment Association Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, North Carolina Water Environment Association Inc reported income of $631k and spending of $701k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $803k to $631k (-21%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 110% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, North Carolina Water Environment Association Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Rogue Farm Corps ($630k), Land Information Access Association ($631k) and Recycle Livingston Inc ($630k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $117k (17% of expenses). Other salaries and wages came to $107k. At year end it held assets of $813k against liabilities of $366k, net assets of $447k.

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.