New York Open Water

Analysis

New York Open Water is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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, New York Open Water reported income of $453k and spending of $444k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $337k to $453k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Open Water sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Lifesong Ministries ($453k), Pleasant Hills Public Library ($453k) and Habitat for Humanity International Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.