Troubled Waters Inc

Analysis

Troubled Waters Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Troubled Waters Inc reported income of $972k and spending of $837k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $575k to $972k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Troubled Waters Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Island Health Project Inc ($972k), Institute for Traditional Medicine and Preventive Health Care ($972k) and New Mexico Suicide Intervention ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $103k (12% of expenses). Other salaries and wages came to $367k. At year end it held assets of $197k against liabilities of $32k, net assets of $165k. It reported 23 employees.