Phinizy Center for Water Sciences Inc

Analysis

Phinizy Center for Water Sciences Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in July 1997, 29 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 2022, Phinizy Center for Water Sciences Inc reported income of $690k and spending of $737k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $570k to $690k (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Phinizy Center for Water Sciences Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Friends of Quinta Mazatlan ($690k), Lake County Resources Initiative ($691k) and The Columbus Botanical Gardens Inc ($688k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 41% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $62k (8.5% of expenses). Other salaries and wages came to $240k. At year end it held assets of $1.3m against liabilities of $99k, net assets of $1.2m. It reported 26 employees.