Drink at the Well Inc

Analysis

Drink at the Well Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2024, Drink at the Well Inc reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $418k to $1.5m (+263%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 275%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drink at the Well Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include The Latino Community Association ($1.5m), Tribal Child Care Association of California ($1.5m) and The Landing MN Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $77k (6.2% of expenses). Other salaries and wages came to $852k. At year end it held assets of $1.1m against liabilities of $190k, net assets of $910k. It reported 39 employees.