The Water Trust Inc

Analysis

The Water Trust Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, The Water Trust Inc reported income of $1.7m and spending of $2.2m, spending 126% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $753k to $1.7m (+127%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 133%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Water Trust Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Walton Electric Trust Inc ($1.7m), Human Services Center Corporation ($1.7m) and Early Childhood Council Leadership Alliance ($1.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $128k (5.9% of expenses). At year end it held assets of $1.0m against liabilities of $12k, net assets of $988k. It reported 1 employees.