Water Is Basic

Analysis

Water Is Basic is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2012, 14 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 December 2023, Water Is Basic reported income of $938k and spending of $1.2m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $938k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Water Is Basic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Streets Hope ($938k), Child & Family Services of Yuma Inc ($939k) and Corona Life Services ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $251k (21% of expenses). At year end it held assets of $162k against liabilities of $13k, net assets of $149k. It reported 2 employees.