Charity: Water

The information on this page was last updated 4/28/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

We're working every day to reinvent charity while bringing clean drinking water to the 785 million people living without. We believe that sustainable work is locally-led. Along with implementing community-owned water projects, our local partners help facilitate comprehensive water, sanitation, and hygiene (WASH) programming to protect everyone's long-term health.


Contact information

Mailing address:
Charity: Water
40 Worth Street
Suite 829
New York, NY 10013

Website: charitywater.org

Phone: 646-688-2323

Email: support@charitywater.org


Organization details

EIN: 223936753

CEO/President: Scott Harrison

Chairman: Michael Wilkerson

Board size: 11

Founder: Scott Harrison

Ruling year: 2007

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

785 million people live without clean water. That's nearly 1 in 10 people worldwide, or, twice the population of the United States without access to life's most basic human need. The majority live in isolated rural areas and spend hours every day walking to collect water for their family. Not only does walking for water keep kids out of school and take up time that parents could be using to earn money, but the water often carries diseases that make them sick.

When a community gets access to clean water, it can change just about everything. It can improve health, increase access to food, grow local economies, and help kids spend more time in school.

The water crisis is huge, but it is solvable. We work with local experts and community members to find the best sustainable solution in each place where we work, whether it's a well, a piped system, a BioSand Filter, or a system for harvesting rainwater. And with every water point we fund, our partners coordinate sanitation and hygiene training and establish a local Water Committee to help keep water flowing for years to come.

We're on a mission to solve the water crisis and reinvent charity for a new generation.


Mission statement

Charity: Water is a non-profit organization bringing clean and safe drinking water to people in developing countries.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating966 of 103178 of 85
Fund acquisition rating844 of 103370 of 85
Resource allocation rating845 of 103374 of 85
Asset utilization rating817 of 103161 of 85

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%12%10%11%10%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%9%11%10%13%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%97%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%11%13%10%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%3%1%1%1%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%74%81%79%81%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%68%83%85%97%98%
Program output ratio Program output ratio =
Program services /
Total revenue
78%50%67%67%78%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%32%17%15%3%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%33%25%25%5%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%9%8%8%9%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.500.460.640.680.710.67
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.001.011.021.031.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.220.460.640.690.730.71
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.592.952.141.981.932.21
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.340.470.500.520.45
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.5317.299.948.667.889.26
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%34%47%50%51%45%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%144%83%74%69%82%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$64,436,719$45,244,250$37,351,410$32,280,376$19,718,593
Receivables, inventories, prepaids$42,782,161$38,569,348$20,600,547$13,953,505$10,427,769
Short-term investments$29,814,751$31,935,447$28,344,406$20,100,324$20,548,716
Other current assets$0$0$0$0$0
Total current assets$137,033,631$115,749,045$86,296,363$66,334,205$50,695,078
Long-term investments$0$0$0$0$0
Fixed assets$177,732$503,500$1,198,812$1,851,168$2,524,879
Other long-term assets$87,797$89,935$123,786$126,894$92,894
Total long-term assets$265,529$593,435$1,322,598$1,978,062$2,617,773
Total assets$137,299,160$116,342,480$87,618,961$68,312,267$53,312,851
 
Liabilities20202019201820172016
Payables and accrued expenses$46,441,447$54,058,603$43,521,636$34,350,366$22,984,392
Other current liabilities$0$0$0$0$0
Total current liabilities$46,441,447$54,058,603$43,521,636$34,350,366$22,984,392
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$16,487$121,407$352,916$562,144$749,740
Total long-term liabilities$16,487$121,407$352,916$562,144$749,740
Total liabilities$46,457,934$54,180,010$43,874,552$34,912,510$23,734,132
 
Net assets20202019201820172016
Without donor restrictions$26,382,936$15,849,328$15,505,607$13,383,213$12,718,088
With donor restrictions$64,458,290$46,313,142$28,238,802$20,013,544$16,860,631
Net assets$90,841,226$62,162,470$43,744,409$33,399,757$29,578,719
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$90,196,522$88,948,068$69,223,898$49,827,030$36,176,933
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$2,393,248$1,896,325$1,108,991$813,882$624,059
Other revenue$268,945($712,921)($242,228)($256,617)($304,377)
Total other revenue$2,662,193$1,183,404$866,763$557,265$319,682
Total revenue$92,858,715$90,131,472$70,090,661$50,384,295$36,496,615
 
Expenses20202019201820172016
Program services$46,707,706$60,095,623$46,979,282$39,305,226$27,042,000
Management and general$5,659,035$5,870,729$4,537,738$4,519,095$4,275,257
Fundraising$10,524,576$8,534,442$7,748,373$4,861,057$4,584,984
Total expenses$62,891,317$74,500,794$59,265,393$48,685,378$35,902,241
 
Change in net assets20202019201820172016
Surplus (deficit)$29,967,398$15,630,678$10,825,268$1,698,917$594,374
Other changes in net assets$0$0$0$0$0
Total change in net assets$29,967,398$15,630,678$10,825,268$1,698,917$594,374

Compensation

NameTitleCompensation
Scott HarrisonFounder/CEO$423,750
Christoph GorderChief Global Water Officer$288,042
Lauren LettaChief Operating Officer$287,924
Jason KeramidasCHIEF PRODUCT OFCR(END 11/19)$241,734
Brian HoyerVP of Program Operations$161,884
Jasdeep GosalPrincipal Engineer$161,037
Christine ChoeDIR OF BUSINESS OPERATIONS$153,140
Ann KaneDirector of Program Finance$151,720
William BellDir of Finance (END 11/19)$148,846
Christopher BartonSecretary/Gen Counsel$118,253
Michael GumbleyTREASURER/CFO (end 6/19)$107,280
Aditi DeegCFO(AS OF 9/19)$75,062

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/28/2022. To update the information below, please email: info@ministrywatch.com


History

After a decade of indulging his darkest vices as a nightclub promoter, Scott declared spiritual, moral, and emotional bankruptcy. He spent two years on a hospital ship off the coast of Liberia, saw the effects of dirty water firsthand, and came back to New York City on a mission.

Upon returning to NYC in 2006, having seen the effects of dirty water firsthand, Scott turned his full attention to the global water crisis and the (then) 1.1 billion people living without access to clean water.

He established a small core team in a tiny Manhattan apartment and created charity: water.

The organization set out on a big mission, to bring clean water to every person living without it, and an even bigger vision, to reinvent charity with an innovative 100% model and radical transparency, proving every single water project funded.


Program accomplishments

Fourteen years later, with the help of more than 1 million supporters worldwide, charity: water has raised over $496 million and funded over 59,000 water projects in 29 countries. When completed, those projects will provide over 11 million people with clean, safe drinking water.

Scott was recognized in Fortune Magazine's 40 under 40 list, the Forbes Magazine Impact 30 list and was recently #10 in Fast Company's 100 Most Creative People in Business issue. He is currently a World Economic Forum Young Global Leader.


Needs

For $40, you can bring one person clean water. Join our monthly giving community The Spring, and give the gift of clean water all year round.