Water Compass Inc

Analysis

Water Compass Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Water Compass Inc reported income of $205k and spending of $229k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $290k to $205k (-29%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Water Compass Inc 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 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Davids Kidz International Inc ($205k), Paradigm Foundation ($205k) and American Venezuelan Engagement Foundation Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $36k (16% of expenses). Other salaries and wages came to $36k. It paid $22k in professional fundraising fees. At year end it held assets of $97k against liabilities of $4,501, net assets of $92k. It reported 1 employees.