The Water Council grew its revenue by more than 23 percent in 2016 and held the growth of expenses to a 16 percent increase, improving its financial performance over 2015.
But the organization also said in its 2016 annual report that revenues were $497,000 lower than expected. The shortfall was offset by $251,000 in revenue from The Water Council’s new ICE Institute members and $143,000 in overall expense savings. Rent and contributed revenues from the Global Water Center was also $135,000 below expectations.
All told, The Water Council had $2.9 million in revenue, up from almost $2.4 million in 2015. Expenses increased from $2.7 million to $3.1 million. Read the full story here.