Inwater Group Research Inc

Analysis

Inwater Group Research Inc is a registered charity in United States, based in Jensen Beach, FL. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Inwater Group Research Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $802k to $1.4m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inwater Group Research Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include School Justice Project Inc ($1.4m), Milwaukee County Historical Society ($1.4m) and Pig Iron Theatre Company Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (8.5% of expenses). Other salaries and wages came to $508k. At year end it held assets of $424k against liabilities of $41k, net assets of $383k. It reported 7 employees.