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· Private foundation

Waterfall Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$48k
Granted FY2025still arriving
7
Grants FY2025still arriving
4
States reached
$12k
Largest
01What you fundRead
02The needRead
03Your edgeRead
04Your fieldRead
01What you fund
01100% classified

What you funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year — across FY2017–2025.

Health$76kAnimals$56kEnvironment$33kReligion$28kEducation$25kHuman Services$21kCrime & Legal$20kFood & Nutrition$18kOther$0
02FY2025 · 7 grants

Where the money goes

Your grants by size, and where they go.

By grant size · FY2025

  • Under $10k4 grants · $16k
  • $10k–50k3 grants · $32k
$8,003
Median grant
4
States reached
$476k
Total assets
Largest grants
RecipientAmount
Individual grant recipient$12,003
EARTH PERCENT$10,000
RIO GRANDE HONOR FLIGHT$10,000
THE WESTON A PRICE FOUNDATION$8,003
OH MY JAW$4,000
CHARLIE DANIELS JOURNEY HOME PROJEC$2,004
NAMI NYC$2,003
02The need
03

Do your dollars go where the need is?

Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.

show:

Your human-services grants (FY17–20, $25k) land where the poverty rate runs at 19%, against an area that typically sits at 11%. 92% of those dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.

area typical 11%AFYA FOUNDATION: $2k → 9%THE FOOD DEPOT: $5k → 12%FAMILIES & YOUTH INC: $5k → 23%SELFHELP COMMUNITY SERVICES: $4k → 17%CANCER AID RESOURCE AND EDUCATION I: $4k → 23%CASA DE PEREGRINOS: $5k → 23%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount

Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.

Which US states your grants reach

ID
MN
IL
MI
NY
MA
OH
PA
CA
VA
AZ
NM
TN
DC
GA

US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.

03Your edge
repeat funding

Who you back again

Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.

47%of every dollar goes to organizations you’ve funded before.
$154k · 14 repeat orgs$171k to everyone else

And the relationships you keep tend to grow: grantees you re-up on have seen median revenue of +15% since the first grant, against +14% for the ones you funded once.

14 repeat relationships — 2 still active in FY2025, 12 since wound down; 5 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

14
35

Total granted

$154k
$129k

Median revenue growth · since first grant

+15%
+14%

Still filing today

57%
57%

New vs renewed · share of each year

In FY2025, 13% of grant dollars renewed an existing relationship; $42k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
Human ServicesAnimalsEnvironmentPublic BenefitInternationalHealthOther

First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.” Theme is the grantee’s IRS cause.

Backed again, and grew

  • AH
    AMADOR HEALTH CENTER INC
    2× · 2019–2020 · $35k · revenue +61%
  • LT
    LIFE TRANSITION MEDITATION CENTER
    2× · 2023–2024 · $23k · revenue +6%
  • HF
    HEALTH FREEDOM DEFENSE FUND INC
    2× · 2023–2024 · $10k · revenue +15%

Funded once

  • FP
    FOUR PAWS AND A WAKE UP INC
    one grant, 2022 · $10k · revenue +14%
  • CF
    COMMUNITY FOUNDATION OF SOUTHERN NM
    one grant, 2020 · $10k
  • HF
    HONOR FLIGHT OF SNM
    one grant, 2024 · $8k

Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.

04Your field

The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.

1
Animal Protection New Mexico

To protect animals by creating systemic change resulting in the humane treatment of all animals. we create policies, infrastructure, and services that protect animals and strengthen our communities, and we design and implement humane and…

Animals
2
Animal Protection New Mexico Inc (Apnm)Foundation

The organization operates exclusively for the benefit and support of animal protection new mexico, which seeks to educate the public about and advocates campaigns that prevent cruelty to animals.

Animals
3
Animal Outlook Inc

Animal outlook is a national animal protection organization working to end the abuse of farmed animals using a variety of strategies, including investigations, legal advocacy, corporate and food system reform, and vegan outreach.

Animals
4
Santa Fe Animal Shelter and Humane Society Inc

To support animals, save lives, and spread compassion.

Animals
5
Argos a Shelter Dog Rescue

The purpose of argos, a shelter dog rescue is: to rescue animals from situations that are abusive, endangering, or neglectful. to rescue animals in danger of being euthanized in new mexico shelters/pounds. to provide necessary veterinary…

Animals
6
Animal Defense Partnership Inc

The Animal Defense Partnership protects animals by providing free legal services to nonprofits that advocate for animals and plant-based diet change. We believe that all animal protection organizations should have access to strong legal…

Animals
7
The San Francisco Society for the Prevention of Cruelty to Animals

To ensure every companion animal has access to quality medical care, compassionate shelter, and a loving home.

Animals
8
All About Animals Rescue

All about animals rescue's mission is no more homeless pets.

Animals
9
Global Animal Partnership
Animals
10
Community Animal Medicine Project Inc

To substantially reduce animal shelter euthanasia and intake by providing high quality, low cost veterinary services to underserved communities in the los angeles area.

Animals
11
Animal Wellness Action

To prevent cruelty to animals, we promote enacting and enforcing good public policies. enacting good laws depends upon electing good lawmakers, and we remind voters which candidates care about and support animal issues.

Human Services
12
Animal Rescue Mission

To rescue and rehabilitate dogs and cats and place them in forever homes.

Animals

For reference, the grantee most central to the portfolio’s shape is Amador Health Center Inc and the most unlike its peers is Rachel Barton Pine Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

For each theme you fund, this compares how the sector’s money is shifting with how your own giving is shifting.

← shrinkinggrowing →↓ leaning in → pulling backsteadyVeteran Support ServicesAnimal Rescue and AdoptionUrban Agriculture & Food Ac…Legal Aid & Immigration Ser…Classical Music EnsemblesChristian Missionary Organi…Cancer Support OrganizationsCommunity Arts OrganizationsLand Conservation Organizat…Food Pantries & AssistanceCommunity Health Centers
the sector your giving your giving is ahead of the sector the sector’s ahead of you· dot size = how much the theme matters to each side
Ordered by the change in your giving — leaning in on top, pulling back at the bottom. The bar between the two dots is how out of step you are with the sector. Hover any row for detail.

Sector change and giving change are each shown relative to their own range, growing (right) or shrinking (left); both normalized, so inflation isn’t mistaken for growth.

Your grantees are a median of 24 years old; the field is 16. You back the established end — and your money leans older still.

THE FIELDby orgYOUR GRANTEESby number22%7%<5yr14%10%5–10yr19%27%10–20yr16%40%20–35yr13%13%35–55yr16%3%55yr+
THE FIELDby orgYOUR MONEYby value22%13%<5yr14%9%5–10yr19%17%10–20yr16%49%20–35yr13%11%35–55yr16%1%55yr+

The field is 22% startups (under 5 years old) — 7% of your grantees by number, and just 13% of your money.

Closures · last 5 years

The orgs you fund almost never close — 0.0% lost their exemption, against 13% of the field you don’t fund.

orgs you fund
0.0%0/35
the rest of the field
13%
240,396/1,819,530

Age = years since IRS exemption (a founding proxy). “Closed” = auto-revocation for 3 years of non-filing — a floor on closure, not proof, and bigger established orgs lapse least. Association, not causation.

04the grantee network

33 grantees tracked through their own filings, 2017–2025.

Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.

Counted here: distinct organizations you funded across 2017–2025, not grant rows in a single year — so this will not match the grant count on the cover. 33 of the 55 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.

0
Load-bearing (≥25% of a budget)
8
Early backer (in before they grew)
33/33
Grantees still filing
21/33
Grew since you first funded

Where your money sits — by cause, then by grantee

HSLDA — $15,347 · OtherHSLDAIndividual grant recipient — $12,003 · OtherIndividual grant recipientOHMYJAW INC — $12,000 · OtherOHMYJAW INCFOUR PAWS AND A WAKE UP INC — $10,000 · OtherCOMMUNITY FOUNDATION OF SOUTHERN NM — $10,000 · OtherHONOR FLIGHT OF SNM — $8,373 · OtherTHE HORSE SHELTER — $8,000 · OtherCHILDRENS HEALTH DEFENSE — $8,000 · OtherNATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY INC — $7,503 · OtherHATZOLAH — $7,275 · OtherSF BEE ASSOCIATION — $6,544 · OtherHER JUSTICE INC — $10,000 · OtherHEALTH FREEDOM DEFENSE FUND INC — $10,000 · OtherTHE WESTON A PRICE FOUNDATION — $8,003 · Other+22 more — $58,662 · Other+22 moreAMADOR HEALTH CENTER INC — $35,000 · HealthAMADOR HEALT…FAMILIES AND YOUTH INC — $5,041 · Human ServicesFAMILIES …THE FOOD DEPOT — $5,000 · Human ServicesTHE FOOD …CASA DE PEREGRINOS — $5,000 · Human ServicesCASA DE P…SELFHELP COMMUNITY SERVICES INC — $4,285 · Human ServicesSELFHELP …CANCER AID RESOURCE & EDUCATION INC — $3,910 · Human ServicesCANCER AI…ST LUKES CLINIC INC — $3,455 · Human ServicesST LUKES …THE AFYA FOUNDATION OF AMERICA INC — $1,910 · Human ServicesTHE AFYA …LIFE TRANSITION MEDITATION CENTER — $22,916 · ReligionRio Grande Honor Flight — $10,000 · Public BenefitORGANIC CONSUMERS ASSOCIATION — $7,500 · Public BenefitTHE CHARLIE DANIELS JOURNEY HOME PROJECT — $2,004 · Public BenefitACTION PROGRAM FOR ANIMALS — $9,800 · AnimalsVESTED INTEREST IN K9S INC — $2,925 · AnimalsSAFE HAVEN ANIMAL SANCTUARY INC — $1,500 · AnimalsBRADYS K9 FUND — $1,500 · AnimalsEARTHPERCENT FOUNDATION — $10,000 · EnvironmentCOUNCIL ON THE ENVIRONMENT INC — $2,544 · EnvironmentNEW MEXICO WILDERNESS ALLIANCE — $2,115 · Environment
Other$191,710Health$35,000Human Services$28,601Religion$22,916Public Benefit$19,504Animals$15,725Environment$14,659

Each org by its size and your share of it — top-left is where you’re load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ your share of their budgetAMADOR HEALTH CENTER INC — $35,000 over 2y, 1.4% of budgetLIFE TRANSITION MEDITATION CENTER — $22,916 over 2y, 13% of budgetFOUR PAWS AND A WAKE UP INC — $10,000 over 1y, 15% of budgetHEALTH FREEDOM DEFENSE FUND INC — $10,000 over 2y, 0.7% of budgetHER JUSTICE INC — $10,000 over 2y, 0.1% of budgetRio Grande Honor Flight — $10,000 over 1y, 15% of budgetACTION PROGRAM FOR ANIMALS — $9,800 over 3y, 0.7% of budgetNATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY INC — $7,503 over 4y, 0.1% of budgetORGANIC CONSUMERS ASSOCIATION — $7,500 over 1y, 0.3% of budgetFAMILIES AND YOUTH INC — $5,041 over 1y, 0.1% of budgetTHE FOOD DEPOT — $5,000 over 1y, 0.0% of budgetCASA DE PEREGRINOS — $5,000 over 1y, 0.3% of budgetALGALITA MARINE RESEARCH AND EDUCATION — $4,910 over 1y, 1.0% of budgetXAVIER MISSION INC — $4,900 over 2y, 0.3% of budgetSELFHELP COMMUNITY SERVICES INC — $4,285 over 1y, 0.0% of budgetST LUKES CLINIC INC — $3,455 over 1y, 2.0% of budgetSpikes K9 Fund — $3,000 over 1y, 0.4% of budgetSOCIAL GOOD FUND INC — $3,000 over 2y, 0.0% of budgetVESTED INTEREST IN K9S INC — $2,925 over 1y, 0.2% of budgetCOUNCIL ON THE ENVIRONMENT INC — $2,544 over 2y, 0.0% of budgetRachel Barton Pine Foundation — $2,520 over 1y, 2.9% of budgetNEW YORK SHAKESPEARE FESTIVAL — $2,500 over 1y, 0.0% of budgetDOCTORS FOR GLOBAL HEALTH INC — $2,500 over 1y, 0.5% of budgetNEW MEXICO WILDERNESS ALLIANCE — $2,115 over 1y, 0.1% of budgetTHE CHARLIE DANIELS JOURNEY HOME PROJECT — $2,004 over 1y, 0.2% of budgetCharlotte Maxwell Clinic — $2,000 over 1y, 0.4% of budgetTHE AFYA FOUNDATION OF AMERICA INC — $1,910 over 1y, 0.0% of budgetAMIGOS OF COSTA RICA INC — $1,775 over 1y, 0.0% of budgetSAFE HAVEN ANIMAL SANCTUARY INC — $1,500 over 1y, 0.2% of budget
Go grantee by grantee — a decade per org, and how each moved after you funded them

A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.

The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.

Community Foundation …Carroll Petrie Founda…Ge Aerospace Foundati…The Chicago Community…Paypal Charitable Giv…Network for GoodJpmorgan Chase Founda…Vanguard Charitable E…The Blackbaud Giving …National Philanthropi…Morgan Stanley Global…The Bank of America C…
Community Foundation of Southern New MexicoNM15.6× affinity5 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Community Foundation of Southern New Mexico · Carroll Petrie Foundation · Ge Aerospace Foundation · The Chicago Community Trust · Paypal Charitable Giving Fund · Network for Good · Jpmorgan Chase Foundation · Vanguard Charitable Endowment Program · The Blackbaud Giving Fund · National Philanthropic Trust · Morgan Stanley Global Impact Funding Trust Inc · The Bank of America Charitable Foundation Inc

Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.

Government reliance of your grantees

Every dot is one organization Waterfall Foundation funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal or a single department — and drag the year to watch it move.

2024
’20’21’22’23’24’25
no gov · 20%1%5%11%20%your share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    5report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25

    Government income is each org’s traced federal awards (USASpending — grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that your grant caused the public funding. Coverage is precision-first — a floor, not a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12–24 months.

    On method. Every financial figure here is read directly from IRS e-file XML — your own 990/990-PF and the multi-year returns of the 55 grantees we resolved across every year we hold, several hundred filings in all (a different count from the grant rows on the cover, which are one fiscal year)— each linked to its source. Grantee achievements and outcomes are each organization’s own program-service reporting (Form 990, Part III); we read these as association with sustained funding — the foundation is one of several forces — suppress low-confidence name matches rather than guess, and say so where a figure rests on a single grant or filing. Not everything on this page is a filed figure, and the difference matters. Filed is what you reported on your return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears. How we build these →

    Generated from your IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12–24 months behind; figures are dated accordingly.

    Source object · view filing

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home
    State money flows
    the interactive map of money crossing state lines