Water Finance Exchange Inc

Analysis

Water Finance Exchange Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2021, 5 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, Water Finance Exchange Inc reported income of $2.8m and spending of $1.5m, leaving 48% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $106k to $2.8m (+2561%), an average of +198% a year. The sharpest change came in the year to December 2021, when income rose by 2671%. Over the whole period it spent 55% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Water Finance Exchange Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Friends of the National Arboretum Inc ($2.8m), Center for Land-Based Learning ($2.8m) and Naturaland Trust ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $704k (48% of expenses). Other salaries and wages came to $129k. At year end it held assets of $4.7m against liabilities of $2.0m, net assets of $2.7m. It reported 4 employees.