Red Hill Waterworks
EIN: 721031020 · Georgetown, LA
| Metric | Value |
|---|---|
| Total Revenue | $882K |
| Total Expenses | $487K |
| Net Assets | $2.8M |
Is Red Hill Waterworks Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Hill Waterworks
Red Hill Waterworks (EIN: 721031020) is a nonprofit organization based in Georgetown, LA. The organization reported total revenue of $882K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Hill Waterworks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Hill Waterworks is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $487K |
| Surplus / Deficit | +$796K |
| Total Assets | $3.4M |
| Total Liabilities | $604K |
| Net Assets | $2.8M |
| Operating Margin | 62.1% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 84.2 months |
Financial Health Grade: A
In 2023, Red Hill Waterworks reported a surplus of $796K with revenue exceeding expenses, holds 84.2 months of operating reserves (strong position), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Red Hill Waterworks's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +214.4% | +15.4% | +29.9% |
| 2022 | -2.4% | +23.1% | +25.7% |
| 2021 | +25.0% | +1.4% | +2.5% |
| 2020 | +17.4% | -1.2% | -1.8% |
| 2019 | -6.4% | +25.8% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Hill Waterworks has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Red Hill Waterworks with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $796K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.7%.
Frequently Asked Questions about Red Hill Waterworks
Is Red Hill Waterworks a legitimate charity?
Red Hill Waterworks (EIN: 721031020) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $882K. No red flags identified. Financial health grade: A.
How does Red Hill Waterworks spend its money?
Red Hill Waterworks reported $882K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Red Hill Waterworks tax-deductible?
Red Hill Waterworks is registered as a tax-exempt nonprofit (EIN: 721031020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Hill Waterworks located?
Red Hill Waterworks is headquartered in Georgetown, Louisiana and files with the IRS under EIN 721031020.
How many years of IRS 990 filings does Red Hill Waterworks have?
Red Hill Waterworks has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $882K in total revenue.
Filing History
IRS 990 filing history for Red Hill Waterworks showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Red Hill Waterworks's revenue has grown by 309.5%, moving from $313K to $1.3M. Total assets increased by 79% over the same period, from $1.9M to $3.4M. Total functional expenses rose by 118%, from $223K to $487K. In its most recent filing year (2023), Red Hill Waterworks reported a surplus of $796K, with revenue exceeding expenses. The organization holds $604K in liabilities against $3.4M in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $487K | $3.4M | $604K | — | — |
| 2022 | $408K | $422K | $2.6M | $615K | — | — |
| 2021 | $418K | $343K | $2.1M | $64K | — | — |
| 2020 | $334K | $338K | $2.0M | $88K | — | — |
| 2019 | $285K | $342K | $2.1M | $121K | — | View 990 |
| 2018 | $304K | $272K | $2.2M | $149K | — | View 990 |
| 2017 | $286K | $251K | $2.2M | $173K | — | View 990 |
| 2016 | $319K | $331K | $2.2M | $209K | — | View 990 |
| 2015 | $533K | $276K | $2.2M | $236K | — | View 990 |
| 2014 | $289K | $304K | $1.9M | $265K | — | View 990 |
| 2013 | $289K | $258K | $2.0M | $284K | — | View 990 |
| 2012 | $298K | $224K | $2.0M | $301K | — | View 990 |
| 2011 | $313K | $223K | $1.9M | $322K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $487K, and assets of $3.4M (revenue +214.4% year-over-year).
- 2022: Revenue of $408K, expenses of $422K, and assets of $2.6M (revenue -2.4% year-over-year).
- 2021: Revenue of $418K, expenses of $343K, and assets of $2.1M (revenue +25.0% year-over-year).
- 2020: Revenue of $334K, expenses of $338K, and assets of $2.0M (revenue +17.4% year-over-year).
- 2019: Revenue of $285K, expenses of $342K, and assets of $2.1M (revenue -6.4% year-over-year).
- 2018: Revenue of $304K, expenses of $272K, and assets of $2.2M (revenue +6.2% year-over-year).
- 2017: Revenue of $286K, expenses of $251K, and assets of $2.2M (revenue -10.3% year-over-year).
- 2016: Revenue of $319K, expenses of $331K, and assets of $2.2M (revenue -40.1% year-over-year).
- 2015: Revenue of $533K, expenses of $276K, and assets of $2.2M (revenue +84.2% year-over-year).
- 2014: Revenue of $289K, expenses of $304K, and assets of $1.9M (revenue +0.0% year-over-year).
- 2013: Revenue of $289K, expenses of $258K, and assets of $2.0M (revenue -3.1% year-over-year).
- 2012: Revenue of $298K, expenses of $224K, and assets of $2.0M (revenue -4.8% year-over-year).
- 2011: Revenue of $313K, expenses of $223K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Hill Waterworks:
Data Sources and Methodology
This transparency report for Red Hill Waterworks is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.