Friendly Water for the World

Analysis

Friendly Water for the World is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in June 2011, 15 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, Friendly Water for the World reported income of $312k and spending of $441k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $593k to $312k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friendly Water for the World sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Hope Helping Other People Foundation Inc ($311k), Organization of Humanitarian Service for Armenia ($312k) and Infragard National Members Alliance Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $84k. At year end it held assets of $310k against liabilities of $21k, net assets of $289k. It reported 3 employees.