American Water Works Association

Analysis

American Water Works Association is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in September 1972, 54 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 2023, American Water Works Association reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 92% 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 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include The Young Mens Christian Assoc of Ithaca and Tompkins County ($2.0m), Truman Center for National Policy ($2.0m) and Skyline Soccer Association ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $202k (11% of expenses). At year end it held assets of $1.8m against liabilities of $14k, net assets of $1.8m. It reported 1 employees.