Waterstone Support Foundation Inc

Analysis

Waterstone Support Foundation Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Waterstone Support Foundation Inc reported income of $69.0m and spending of $36.7m, leaving 47% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $15.6m to $69.0m (+343%), an average of +35% a year. The sharpest change came in the year to March 2022, when income rose by 293%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Waterstone Support Foundation Inc sits at the 99th 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 99th percentile within CO. Charities of a similar size with the same main cause include United Way of Metropolitan Dallas Inc ($68.9m), Ufcw Charity Foundation ($69.2m) and Jewish Community Foundation of Greater Metrowest NJ ($68.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 83% and program service revenue 13% of the total. At year end it held assets of $183.7m against liabilities of $67.8m, net assets of $115.9m.