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Project Wet Foundation

EIN 20-0281441 · Bozeman, MT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceStrong97 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 135 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE MISSION OF THE PROJECT WET FOUNDATION IS TO ADVANCE WATER EDUCATION TO UNDERSTAND GLOBAL CHALLENGES AND INSPIRE LOCAL ACTIONS.

Income
$672,684
Spending
$923,715
Spent on programs
67%
Reserves
5.8 months of spending
Largest source of income
fees for its services, 51%
Employees
6
Volunteers
7
Highest pay
$145,356, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 9% of charities in its peer group (environment, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.8 months of spending.

  • Debt

    10 of 20

    It owes 44% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 37% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    0 of 15

    67% of spending went to programs and raising each dollar of donations cost 135 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 97 out of 100. Higher than 88% of charities in its peer group (environment, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $618,468 spent. AT A TIME WHEN WATER RESOURCES AND CRITICAL INFRASTRUCTURE FACE MANY THREATS AROUND THE WORLD, THE PROJECT WET FOUNDATION INSPIRES LOCAL ACTION THAT SUPPORTS WATER ACCESS AND UNDERSTANDING OF RESPONSIBLE WATER STEWARDSHIP, ENCOURAGING A SUSTAINABLE FUTURE. THE PROJECT WET FOUNDATION WORKS WITH PARTNERS IN MORE THAN 80 COUNTRIES AND ALL 50 U.S. STATES AND TERRITORIES TO DELIVER HANDS-ON EDUCATION ABOUT WATER. THROUGH THIS NETWORK, THE ORGANIZATION TRAINS THOUSANDS OF EDUCATORS, CORPORATE EMPLOYEES, PARENTS, AND COMMUNITY MEMBERS, ANNUALLY REACHING AND INSPIRING ACTION BY MORE THAN 2.5 MILLION PEOPLE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.