Waterstep Inc

Analysis

Waterstep Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Waterstep Inc reported income of $2.8m and spending of $1.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $2.8m (+197%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Waterstep Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Dynamic Youth Ministries ($2.8m), Big Brothers Big Sisters of Connecticut Inc ($2.8m) and Partnership for Successful Living Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $797k. At year end it held assets of $2.6m against liabilities of $322k, net assets of $2.2m. It reported 15 employees.