Wateraid America Inc

Analysis

Wateraid America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2003, 23 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 March 2023, Wateraid America Inc reported income of $26.6m and spending of $25.0m, spending 94% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $16.3m to $26.6m (+64%), an average of +18% a year. The sharpest change came in the year to March 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wateraid America Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include New Incentives ($26.5m), International School of Kenya Foundation Inc ($26.7m) and Ashoka ($25.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $471k (1.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.8m against liabilities of $6.9m, net assets of $8.8m. It reported 36 employees.