Waterstone Supporting Organization Trust 2

Analysis

Waterstone Supporting Organization Trust 2 is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2 reported income of $7.5m and spending of $163k, leaving 98% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $172k to $7.5m (+4241%), an average of +113% a year. The sharpest change came in the year to December 2021, when income rose by 100238588%. Over the whole period it spent 5.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Waterstone Supporting Organization Trust 2 sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Clover Garden School Inc ($7.5m), Score International Inc ($7.5m) and Christian Union Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $30.3m against liabilities of $0, net assets of $30.3m.