Water & Rails Inc is a 501(c)(3) organization based in Reno, Nevada, registered in 2008, with $3,729 in FY2025 revenue. CharityIndex grades it B.
Revenue (FY2025)
$3,729
▼ 97.4% vs prior year
Human Services median: $293K
Expenses (FY2025)
$3,715
Net assets
$1,185
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Water & Rails Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Water & Rails Inc: 4 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
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 Water & Rails Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Water & Rails Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $18K (FY2010) to $3,729 (FY2025) across 16 reported years.
Financial snapshot
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1,185
Total liabilities
$0
Net assets
$1,185
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $3,729▼97.4% | $3,715▼97.5% | $1,185▲1.2% | $1,185▲1.2% | 990EZ |
| 2024 | $141,955▼23.2% | $149,989▼31.3% | $1,171▼87.3% | $1,171▼87.3% | 990 |
| 2023 | $184,822▲32.1% | $218,376▲47.4% | $9,205▼78.5% | $9,205▼78.5% | 990 |
| 2022 | $139,890▲29.4% | $148,163▲119% | $42,760▼16.2% | $42,760▼16.2% | 990EZ |
| 2021 | $108,120 | $67,682▲7002% | $51,033▲382% | $51,033▲160% | 990EZ |
| 2020 | $0▼100% | $953▼99.1% | $10,595▼8.3% | $19,595▲69.7% | 990EZ |
| 2019 | $102,181▲117% | $103,700▲86.2% | $11,548▼11.6% | $11,548▼11.6% | 990EZ |
| 2018 | $47,099▼27.7% | $55,695▲0.2% | $13,067▼39.7% | $13,067▼44.8% | 990 |
| 2017 | $65,145▲43.3% | $55,559▲17.8% | $21,663▲79.3% | $23,663▲95.9% | 990 |
| 2016 | $45,466▼3.3% | $47,150▲7.9% | $12,079▼12.2% | $12,079▼12.2% | 990EZ |
| 2015 | $47,027▲61.6% | $43,697▲74.2% | $13,763▲31.9% | $13,763▲31.9% | 990EZ |
| 2014 | $29,098▲57.4% | $25,086▲46.7% | $10,433▲62.5% | $10,433▲62.5% | 990EZ |
| 2013 | $18,484▼10.3% | $17,104▼33.0% | $6,421▲27.4% | $6,421▲27.4% | 990EZ |
| 2012 | $20,609▲560% | $25,525▲968% | $5,041▼49.4% | $5,041▼49.4% | 990EZ |
| 2011 | $3,122▼82.9% | $2,391▼82.4% | $9,957▲7.9% | $9,957▲7.9% | 990EZ |
| 2010 | $18,280 | $13,599 | $9,226 | $9,226 | 990EZ |
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.
1 grant to Water & Rails Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Environmental/animals | 2017 | $10,000 |
Explore more
Data for Water & Rails Inc (EIN 61-1546946) 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.