Waterfront Foundation Inc

Analysis

Waterfront Foundation Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover health care, 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, Waterfront Foundation Inc reported income of $911k and spending of $594k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $61k to $911k (+1390%), an average of +146% a year. The sharpest change came in the year to December 2022, when income rose by 5405%. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waterfront Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Lifestar Inc ($911k), Institute for Life Science Entrepreneurship Inc ($911k) and Foundation for Dermatology Education ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.4% of the total. Other salaries and wages came to $242k. At year end it held assets of $8.2m against liabilities of $78k, net assets of $8.1m. It reported 6 employees.