Project Healing Waters Fly Fishing Inc

Analysis

Project Healing Waters Fly Fishing Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Project Healing Waters Fly Fishing Inc reported income of $4.2m and spending of $5.1m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $5.4m to $4.2m (-23%), an average of -6.2% a year. The sharpest change came in the year to September 2022, when income rose by 76%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Healing Waters Fly Fishing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Planned Parenthood San Antonio ($4.2m), Georgetown Healthcare System Inc ($4.2m) and Magnet HCCN ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $185k (3.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.4m against liabilities of $603k, net assets of $838k. It reported 23 employees.

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.