Waterequity Inc

Analysis

Waterequity Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2017, 9 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 December 2023, Waterequity Inc reported income of $7.1m and spending of $7.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.1m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 67% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Waterequity Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Medical Benevolence Foundation ($7.1m), Village Health Works ($7.2m) and Amigos for Christ ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $925k (13% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $23.8m against liabilities of $3.9m, net assets of $19.9m. It reported 22 employees.