Water Street Ministries

Analysis

Water Street Ministries is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in October 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Water Street Ministries reported income of $14.8m and spending of $13.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $14.8m (+50%), an average of +11% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Water Street Ministries sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Episcopal Foundation of Jefferson County St Martins in the Pines ($14.8m), The Alliance Home of Carlisle Pa ($14.8m) and AIDS Vaccine Advocacy Coalition Inc ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $649k (4.9% of expenses). Other salaries and wages came to $4.9m. It paid $780k in professional fundraising fees. At year end it held assets of $30.6m against liabilities of $914k, net assets of $29.7m. It reported 156 employees.