Memphremagog Watershed Association

Analysis

Memphremagog Watershed Association is a registered charity in United States, based in Newport, VT. It received its IRS tax-exemption ruling in October 2009, 17 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 2023, Memphremagog Watershed Association reported income of $816k and spending of $779k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $209k to $816k (+291%), an average of +291% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Memphremagog Watershed Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within VT. Charities of a similar size with the same main cause include Ohio State Parks Foundation ($816k), Upper White River Watershed Alliance Inc ($816k) and Community Work Day Program ($815k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Other salaries and wages came to $124k. At year end it held assets of $134k against liabilities of $38k, net assets of $95k. It reported 2 employees.