Waterloop Inc

Analysis

Waterloop Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Waterloop Inc reported income of $81k and spending of $60k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $100k to $81k (-19%), an average of -9.9% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 73% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Waterloop Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Federated Garden Clubs of Connecticut Inc ($81k), Pelican Lakes Association of Crow Wing County ($81k) and Chautauqua Foundation Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $100k against liabilities of $1,142, net assets of $99k.