Madagascar Water Project Inc

Analysis

Madagascar Water Project Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2018, 8 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, Madagascar Water Project Inc reported income of $310k and spending of $250k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $310k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Madagascar Water Project Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Field of Hope Inc ($309k), American Research Institute of the South Caucasus ($310k) and Zimele USA ($309k).

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 $161k against liabilities of $44k, net assets of $116k.