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Water Finance Exchange Inc

EIN 85-2636910 · Washington, DC

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

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE WATER FINANCE EXCHANGE'S (WFX) OBJECTIVE IS TO SIGNIFICANTLY INCREASE FUNDING SOLUTIONS IN THE U.S. WATER, WASTEWATER AND STORMWATER SYSTEMS, WITH EMPHASIS ON RURAL AND DISADVANTAGED COMMUNITIES.

Income
$2.5 million
Spending
$3.0 million
Spent on programs
51%
Reserves
14.8 months of spending
Largest source of income
donations and private grants, 86%
Employees
12
Volunteers
8
Highest pay
$362,432, director, tx infrastructur

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 27% of charities in its peer group (environment, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 14.8 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 19% of income.

  • Income trend

    0 of 15

    Income fell 31% on the year before.

  • Spending floor

    8 of 15

    51% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 25% of charities in its peer group (environment, $1m to $10m).

  • Independent board

    25 of 25

    8 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • 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, 2025, 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 (3)
  1. $1.4 million spent. COMMUNITY SUPPORT: WATER TECHNICAL ASSISTANCE: WATER FINANCE EXCHANGE PROVIDES TECHNICAL ASSISTANCE TO SMALL, RURAL, AND UNDERSERVED COMMUNITIES SEEKING TO IMPROVE DRINKING WATER, WASTEWATER, AND STORMWATER INFRASTRUCTURE. SERVICES INCLUDE PROBLEM IDENTIFICATION, GOVERNANCE AND COMPLIANCE ASSESSMENTS, FINANCIAL AND RATE ANALYSES, CAPITAL IMPROVEMENT PLANNING, PROJECT DEVELOPMENT, FUNDING AND FINANCING APPLICATION SUPPORT, AND SUSTAINABILITY PLANNING. THROUGH THIS PROGRAM, COMMUNITIES RECEIVE THE EXPERTISE AND CAPACITY NEEDED TO IDENTIFY, PRIORITIZE, FINANCE, AND ADVANCE INFRASTRUCTURE SOLUTIONS THAT PROTECT PUBLIC HEALTH, SUPPORT ECONOMIC DEVELOPMENT, AND IMPROVE ENVIRONMENTAL OUTCOMES.
  2. $119,462 spent. COMMUNITY ENGAGEMENT AND WORKSHOPS: WATER FINANCE EXCHANGE CONVENES WORKSHOPS, PROVIDES TRAINING MATERIALS, AND LEADS STAKEHOLDER ENGAGEMENT ACTIVITIES THAT CONNECT COMMUNITIES WITH FUNDING AND REGULATORY AGENCIES, TECHNICAL ASSISTANCE PROVIDERS, AND WATER SECTOR EXPERTS. THESE EVENTS PROVIDE INFORMATION ON INFRASTRUCTURE FUNDING OPPORTUNITIES, REGULATORY REQUIREMENTS, BEST PRACTICES, AND REGIONAL COLLABORATION STRATEGIES. THE PROGRAM BUILDS LOCAL CAPACITY, PROMOTES KNOWLEDGE SHARING, AND HELPS COMMUNITIES DEVELOP SUSTAINABLE APPROACHES TO ADDRESSING WATER AND WASTEWATER INFRASTRUCTURE CHALLENGES.
  3. $41,997 spent. COMMUNITY FINANCIAL SERVICES: WATER FINANCE EXCHANGE PROVIDES INNOVATIVE FINANCIAL SERVICES THAT HELP COMMUNITIES OVERCOME BARRIERS TO INFRASTRUCTURE INVESTMENT. SERVICES INCLUDE PRE-DEVELOPMENT FUNDING, GRANT ASSISTANCE, BRIDGE FINANCING, FORGIVABLE LOANS, CREDIT ENHANCEMENT SUPPORT, AND OTHER FINANCING TOOLS THAT ENABLE COMMUNITIES TO COMPLETE PLANNING, ENGINEERING, ENVIRONMENTAL REVIEW, AND OTHER ACTIVITIES NECESSARY TO SECURE LARGER SOURCES OF PROJECT FUNDING. THE PROGRAM EXPANDS ACCESS TO AFFORDABLE CAPITAL AND ACCELERATES THE IMPLEMENTATION OF CRITICAL WATER AND WASTEWATER INFRASTRUCTURE IMPROVEMENTS.

Source: Form 990 for the year ending December 31, 2025, 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 March 2021.

    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.

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