Mission
PROVIDING QUALITY DRINKING WATER FOR OVER 50 YEARS
Public Charity
DAVIDSON WATER INC
Based in WELCOME, NC, DAVIDSON WATER INC operates as a Public Charity. The organization reported $27.9M in revenue, $21.5M in expenses, $182.9M in total assets for fiscal year 2025.
EIN: 561057522
WELCOME, NC
Latest filing: 2025
Total Revenue$27.9M
Total Expenses$21.5M
Total Assets$182.9M
Grant Records0
Filing Years2021–2025
Where $100 goes at Davidson Water Inc
How Davidson Water Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
Providing water service to its members
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
BOARD VICE-PRESIDENT
Ben Hege
DIRECTOR OF CONSTRUCTION AND ENGINEERING
Ben Palmer
DIRECTOR
Chad B Young
DIRECTOR
Christopher Fitzgerald
ENGINEER - GIS MANAGER
Danny Thompson
BOARD SECRETARY
David Reid Smith
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $27.9M | $21.5M | $182.9M |
| 2024 | $25.0M | $20.2M | $171.4M |
| 2023 | $21.9M | $18.7M | $162.8M |
| 2022 | $18.5M | $17.0M | $156.1M |
| 2021 | $21.9M | $15.9M | $151.7M |
Between 2021 and 2025, reported annual revenue grew from $21.9M to $27.9M (+27%), with total assets most recently reported at $182.9M.
Interactive year-over-year charts and full filing details available with membership.