Waterhope

Analysis

Waterhope is a registered charity in United States, based in Incline VLG, NV. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Waterhope reported income of $162k and spending of $153k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $162k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 2481%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Waterhope sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include Aleluya Ministries of Hope Inc ($162k), Caring & Sharing International ($162k) and African Food & Peace Foundation ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $704k against liabilities of $0, net assets of $704k.