Global Water Center

The information on this page was last updated 5/31/2024. If you see errors or omissions, please email: [email protected]


Summary

To build capacity through collaboration, training, equipping, and supporting services to eradicate the global water crisis.


Contact information

Mailing address:
Global Water Center
1150 Molly Greene Way
Bldg 1605
N. Charleston, SC 29405

Website: https://globalwatercenter.org/

Phone: (843)243-7371

Email: [email protected]


Organization details

EIN: 845144926

CEO/President: Christopher Holdorf

Chairman: George Greene III

Board size: 7

Founder: George and Molly Greene

Ruling year: 2020

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our Vision is that all people have sustainable access to safe water.


Mission statement

Global Water Center (GWC) is accelerating the end of water poverty through cross-sector collective action. We aim to strengthen and scale the work of Water, Sanitation, and Hygiene (WASH) organizations with clear standards, contextualized training, system monitoring, and inter-organization collaboration. We are committed to ensuring longevity in water systems and securing safe water for all. Reducing the number of people who lack access to safe water from 2 Billion to zero.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1101 of 111289 of 90
Fund acquisition rating1107 of 111490 of 90
Resource allocation rating1112 of 111490 of 90
Asset utilization rating818 of 111264 of 90

Financial ratios

Funding ratiosSector median2023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%11%11%7%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%61%11%7%15%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%561%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%12%17%21%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%-461%1%0%0%
 
Operating ratiosSector median2023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%73%79%78%71%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%517%90%41%70%
Program output ratio Program output ratio =
Program services /
Total revenue
83%377%71%32%50%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-417%10%59%30%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-54%7%95%100%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%15%9%4%7%
 
Investing ratiosSector median2023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.460.650.570.612.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.032.012.631.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.850.661.141.602.30
 
Liquidity ratiosSector median2023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.0823.2224.764.330.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.040.040.230.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0317.2810.125.765.22
 
Solvency ratiosSector median2023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%4%2%9%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
62%148%173%150%43%

Financials

Balance sheet
 
Assets2023202220212020
Cash$4,122,161$2,508,444$1,482,047$300,995
Receivables, inventories, prepaids$26,031$703,949$972,830$0
Short-term investments$0$0$0$0
Other current assets$0$0$0$0
Total current assets$4,148,192$3,212,393$2,454,877$300,995
Long-term investments$0$0$0$0
Fixed assets$121,566$3,232,116$4,002,017$0
Other long-term assets$0$0$0$0
Total long-term assets$121,566$3,232,116$4,002,017$0
Total assets$4,269,758$6,444,509$6,456,894$300,995
 
Liabilities2023202220212020
Payables and accrued expenses$178,672$129,750$567,076$0
Other current liabilities$0$0$0$0
Total current liabilities$178,672$129,750$567,076$0
Debt$0$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$0$0$0$0
Total long-term liabilities$0$0$0$0
Total liabilities$178,672$129,750$567,076$0
 
Net assets2023202220212020
Without donor restrictions$3,963,964$5,260,357$5,053,766$300,995
With donor restrictions$127,122$1,054,402$836,052$0
Net assets$4,091,086$6,314,759$5,889,818$300,995
 
Revenues and expenses
 
Revenue2023202220212020
Total contributions$2,990,637$4,023,737$9,494,426$993,305
Program service revenue$27,403$54,179$25,200$0
Membership dues$0$0$0$0
Investment income($2,485,347)$1,400$219$0
Other revenue$0$0$13$0
Total other revenue($2,457,944)$55,579$25,432$0
Total revenue$532,693$4,079,316$9,519,858$993,305
 
Expenses2023202220212020
Program services$2,006,842$2,898,765$3,077,648$494,978
Management and general$421,981$316,100$166,581$48,821
Fundraising$327,548$439,510$686,806$148,511
Total expenses$2,756,371$3,654,375$3,931,035$692,310
 
Change in net assets2023202220212020
Surplus (deficit)($2,223,678)$424,941$5,588,823$300,995
Other changes in net assets$0$0$0$0
Total change in net assets($2,223,678)$424,941$5,588,823$300,995

Compensation

NameTitleCompensation
Thomas JohnstonCOO$160,849
Bernie DrackwiczCFO Until Feb 2023$84,911

Compensation data as of: 9/30/2023


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 5/31/2024. To update the information below, please email: [email protected]


History

Born out of Water Mission, a best-in-class water systems implementer founded in 2001, the Global Water Center (GWC) was first conceptualized by George and Molly Greene in 2010 as a way to collaborate with other Water, Sanitation, and Hygiene (WASH) organizations to share best practices in order to accelerate the end of water poverty.
Officially founded in 2020, we are emerging as a strategic leader of "collective action" within the WASH sector. We're changing the equation of water by leveraging knowledge and relationships to exponentially solve water problems globally.


Program accomplishments


Needs