Fund for the Water Works

Analysis

Fund for the Water Works is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fund for the Water Works reported income of $614k and spending of $346k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $716k to $614k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for the Water Works sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include The Art Therapy Project Corporation Tatp ($614k), Hispanic Outreach of ($614k) and North American Council for Freight Efficiency ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $767k against liabilities of $0, net assets of $767k.