Water Tower Institute Inc

Analysis

Water Tower Institute Inc is a registered charity in United States, based in Buford, GA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Tower Institute Inc reported income of $860k and spending of $578k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $188k to $860k (+356%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Water Tower Institute Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include War Ministry ($860k), Destiny Christian Academy Inc ($860k) and Little Lambs Day Care Center Plus Inc ($860k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $123k (21% of expenses). Other salaries and wages came to $18k. At year end it held assets of $442k against liabilities of $65k, net assets of $377k. It reported 2 employees.