Mulberry-fairplains Water Association Inc
501(c)(12)
Only null% goes to programs Strong reserves
Mulberry-fairplains Water Association Inc is a 501(c)(12) organization based in N Wilkesboro, North Carolina, registered in 1966, with $828,517 in FY2022 revenue. CharityIndex grades it C+.
1613 Sparta Rd, N Wilkesboro, NC, 28659 EIN 56-0809193 Since 1966
Revenue (FY2022)
$829K
▲ 7.4% vs prior year
Expenses (FY2022)
$859K
Net assets
$1.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mulberry-fairplains Water Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating27 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mulberry-fairplains Water Association Inc: 27 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mulberry-fairplains Water Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mulberry-fairplains Water Association Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1613 Sparta Rd, N Wilkesboro, NC, 28659
- City
- N Wilkesboro
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $545K (FY2015) to $829K (FY2022) across 8 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $297KNet assets $1.9M
Operating margin
-3.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$297K
Net assets
$1.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $828,517▲7.4% | $858,877▲2.8% | $1,927,067▼1.6% | $2,223,892▼0.7% | 990 |
| 2021 | $771,771▲19.7% | $835,319▲3.5% | $1,957,792▼3.1% | $2,239,675▼2.8% | 990 |
| 2020 | $644,898▼11.6% | $807,024▼7.2% | $2,021,069▼5.4% | $2,304,922▼0.6% | 990 |
| 2019 | $729,558▼8.4% | $869,171▲17.1% | $2,137,498▼6.1% | $2,319,930▼5.3% | 990 |
| 2018 | $796,545▲11.6% | $741,986▲11.3% | $2,276,701▲2.5% | $2,449,809▲4.6% | 990 |
| 2017 | $713,985▲9.3% | $666,833▲5.1% | $2,221,992▲2.2% | $2,342,187▲2.3% | 990 |
| 2016 | $653,468▲19.9% | $634,573▲11.5% | $2,174,620▲0.9% | $2,288,692▲0.1% | 990 |
| 2015 | $545,018 | $568,934 | $2,155,425 | $2,286,786 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Mulberry-fairplains Water Association Inc a legitimate nonprofit?
- Yes. Mulberry-fairplains Water Association Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 56-0809193, based in N Wilkesboro, North Carolina.
- What is Mulberry-fairplains Water Association Inc's EIN?
- Mulberry-fairplains Water Association Inc's Employer Identification Number (EIN) is 56-0809193.
- How much revenue does Mulberry-fairplains Water Association Inc report?
- Mulberry-fairplains Water Association Inc reported $828,517 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Mulberry-fairplains Water Association Inc have?
- CharityIndex grades Mulberry-fairplains Water Association Inc C+, based on financial health (reserves and operating margin).
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Data for Mulberry-fairplains Water Association Inc (EIN 56-0809193) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.