Maryland · Nonprofit
PROJECT HEALING WATERS FLY FISHING INC
PROJECT HEALING WATERS FLY FISHING INC (Maryland) receives grants from 196 organizations whose IRS filings report $9,886,435 to it, the largest being NETWORK FOR GOOD ($2,196,914). 94 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $5.8M
- Funders on record
- 196
- Grants received
- $9.9M
- Net assets
- $1.1M
What Project Healing Waters Fly Fishing Inc does
Mission
Project Healing Waters Fly Fishing Inc mission is dedicated to the physical and emotional rehabilitation of disabled active duty military and disabled veterans through fly fishing and associated activities including education and outings.
As stated on its FY2025 Form 990.
Programs
Regional programs: project healing waters fly fishing operates regional programs in 45 states, delivering rehabilitative therapy to wounded, ill, and injured active-duty military personnel and disabled veterans through fly fishing and related activities. Each regional program provides five core program activities - fly tying, rod building, casting, fly fishing education, and fly fishing outings - that build a supportive community in which participants find physical and emotional healing. Programs partner with department of veterans affairs medical facilities, department of defense military treatment facilities, va outpatient clinics, and local fly fishing organizations to reach participants where they already receive care. All instruction and equipment are provided to participants free of charge, and volunteer program leads deliver ongoing, long-term classes rather than one-time events, fostering camaraderie and sustained engagement. In 2025, regional programs served 7,900 veterans and service members across 160 local program sites.
$2,169,531 spent60% of program spendingNational program support: project healing waters provides centralized national support to sustain and strengthen its network of regional programs, ensuring consistent quality of care and operational capability across the country. This includes recruiting, training, and supporting volunteer program leads and regional coordinators; developing curriculum and instructional standards for fly tying, rod building, and casting instruction; and maintaining relationships with va and dod medical facility partners nationwide. Administrative infrastructure that allows local volunteers to focus on direct participant engagement rather than program logistics. This backbone of support enabled the organization to sustain 160 regional programs in 45 states during 2025. Project healing waters provides once-in-a-lifetime fly fishing destination experiences for active-duty military and veteran participants at premier fishing locations across the country, including through dedicated program sites such as freedom ranch for heroes in wise river, montana and oak heart lodge in newaygo, michigan, as well as trips to national parks and other storied waters nationwide. These multi-day trips extend the healing…
$1,468,148 spent40% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $3,637,679.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $2.1M to $1.4M (−31%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 0% · 2020 11% · 2021 23% · 2022 16% · 2023 13% · 2024 3% · 2025 18%. Grants only. Government contracts and fees sit inside program revenue.
91% of PROJECT HEALING WATERS FLY FISHING INC’s revenue is contributions — more donation-reliant than the typical peer (51% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
John Langford
CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 39 funders to 68 funders, grant income rose $774k → $2.0M.
31 of 196 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 52% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PROJECT HEALING WATERS FLY FISHING INC’s funders (the co-funder graph). Top 30 of 196 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROJECT HEALING WATERS FLY FISHING INC has a broad base — no single funder exceeds 22% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROJECT HEALING WATERS FLY FISHING INC.
Largest funder’s share by year: 2017 24% · 2018 28% · 2019 39% · 2020 30% · 2021 38% · 2022 26% · 2023 38% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of PROJECT HEALING WATERS FLY FISHING INC's funders are still giving 3 years after their first grant; 48% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
52% of PROJECT HEALING WATERS FLY FISHING INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $4.7M that is directly attributable, 96% of it comes from funders outside Maryland, across 39 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5.2M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROJECT HEALING WATERS FLY FISHING INC runs a healthier operating margin than half of the 5,002 health nonprofits its size.
this organization peer median middle 50% of peers· 5,002 health nonprofits $1M–$10M, FY2025
Government funding PROJECT HEALING WATERS FLY FISHING INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.5M on record — $3.5M federal, $2k state.
- Department of Veterans Affairs$3.5M
- DISTRIBUTION TO NON-GOVERNMENTS$2k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PROJECT HEALING WATERS FLY FISHING INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
87%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 25 states
Screen this organization
A dated, signed PDF of the compliance screen for PROJECT HEALING WATERS FLY FISHING INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROJECT HEALING WATERS FLY FISHING INC?
- PROJECT HEALING WATERS FLY FISHING INC (Maryland) receives grants from 196 organizations whose IRS filings report $9,886,435 to it, the largest being NETWORK FOR GOOD ($2,196,914). 94 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does PROJECT HEALING WATERS FLY FISHING INC have?
- IRS filings report 196 organizations giving $9,886,435 in grants to PROJECT HEALING WATERS FLY FISHING INC, 94 of which have funded it in more than one year.
- Who is the largest funder of PROJECT HEALING WATERS FLY FISHING INC?
- NETWORK FOR GOOD is the largest funder on record, with $2,196,914 in grants. The full list of funders is on this page.
- How can an organization like PROJECT HEALING WATERS FLY FISHING INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 196 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing