Water Drop

Analysis

Water Drop is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Water Drop reported income of $330k and spending of $286k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $402k to $330k (-18%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income rose by 299%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Water Drop sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Hilltop Urban Farm ($330k), The Lazarus Rite Inc ($330k) and Urban Learning and Teaching Center ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $7,433. At year end it held assets of $172k against liabilities of $0, net assets of $172k.