Waterstone Supporting Organization Trust 1

Analysis

Waterstone Supporting Organization Trust 1 is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterstone Supporting Organization Trust 1 reported income of $82.6m and spending of $25.3m, leaving 69% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $28.5m to $82.6m (+189%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waterstone Supporting Organization Trust 1 sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Gateway Economic Development Corporation of Greater Cleveland ($82.3m), Central Arkansas Development Council ($82.8m) and 1199 Seiu League Training and Upgrading Fund ($81.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $150.3m against liabilities of $2.9m, net assets of $147.4m.