2535 Water

Analysis

2535 Water is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in October 2016, 10 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 (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, 2535 Water reported income of $179k and spending of $99k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $225k to $179k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 2535 Water sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Town of Greenville ($179k), Hood County Youth Baseball Inc ($179k) and The Islamic Society of Monterey County ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $675k against liabilities of $116k, net assets of $558k.