Charity Search / BLUE WATERS FOUNDATION INC
Philanthropy & Grantmaking (T22) 990 on File

BLUE WATERS FOUNDATION INC

EIN: 16-1643931 · ANNAPOLIS, MD 21403-0706 · United States · FY 2024 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 57/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$114K
Total Revenue
$1.9M
Total Expenses
$21.0M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.7%
Fundraising Efficiency N/A
Operating Reserve 129.43x
Liability-to-Asset 0.0%
Revenue Diversification 94.1%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 5,343 similar organizations (United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
99.7% 90.9%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
129.4 mo 80.9 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
94.1% 89.7%
P10P90
Below median
Revenue growth
Year over year revenue growth
-99.5% 21.6%
P10P90
Expense growth
Year over year expense growth
246.2% 9.7%
P10P90
Surplus margin
Surplus as a share of revenue
-1602.4% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $114K $1.9M $21.0M 99.7% —
2023 $21.5M $561K $22.3M 98.7% —
2022 $23 $215K $1.5M 98.7% —
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Organization Details
EIN
16-1643931
State
MD
City
ANNAPOLIS
ZIP
21403-0706
Classification
T22
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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