Waterfront Village

Analysis

Waterfront Village is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Waterfront Village reported income of $244k and spending of $211k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $244k (+16%), an average of +5.1% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waterfront Village sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include The Maria Hay Forbes Centre ($244k), Youthport ($244k) and Filipino Bayanihan Center ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $148k. At year end it held assets of $234k against liabilities of $6,347, net assets of $227k. It reported 3 employees.