Global Water Center 
The information on this page was last updated 4/24/2024. 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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1043 of 1106 | 84 of 88 |
| Fund acquisition rating | | 902 of 1107 | 72 of 88 |
| Resource allocation rating | | 846 of 1107 | 68 of 88 |
| Asset utilization rating | | 1005 of 1106 | 80 of 88 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 11% | 7% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 11% | 7% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 99% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 12% | 17% | 21% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 1% | 0% | 0% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 79% | 78% | 71% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 90% | 41% | 70% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 71% | 32% | 50% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 10% | 59% | 30% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 7% | 95% | 100% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 6% | 9% | 4% | 7% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.51 | 0.57 | 0.61 | 2.30 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 2.01 | 2.63 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.89 | 1.14 | 1.60 | 2.30 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.01 | 24.76 | 4.33 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.04 | 0.23 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.82 | 10.12 | 5.76 | 5.22 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 2% | 9% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 60% | 173% | 150% | 43% |
Financials
| Balance sheet | |||
| Assets | 2022 | 2021 | 2020 |
| Cash | $2,508,444 | $1,482,047 | $300,995 |
| Receivables, inventories, prepaids | $703,949 | $972,830 | $0 |
| Short-term investments | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $3,212,393 | $2,454,877 | $300,995 |
| Long-term investments | $0 | $0 | $0 |
| Fixed assets | $3,232,116 | $4,002,017 | $0 |
| Other long-term assets | $0 | $0 | $0 |
| Total long-term assets | $3,232,116 | $4,002,017 | $0 |
| Total assets | $6,444,509 | $6,456,894 | $300,995 |
| Liabilities | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $129,750 | $567,076 | $0 |
| Other current liabilities | $0 | $0 | $0 |
| Total current liabilities | $129,750 | $567,076 | $0 |
| Debt | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 |
| Total liabilities | $129,750 | $567,076 | $0 |
| Net assets | 2022 | 2021 | 2020 |
| Without donor restrictions | $5,260,357 | $5,053,766 | $300,995 |
| With donor restrictions | $1,054,402 | $836,052 | $0 |
| Net assets | $6,314,759 | $5,889,818 | $300,995 |
| Revenues and expenses | |||
| Revenue | 2022 | 2021 | 2020 |
| Total contributions | $4,023,737 | $9,494,426 | $993,305 |
| Program service revenue | $54,179 | $25,200 | $0 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $1,400 | $219 | $0 |
| Other revenue | $0 | $13 | $0 |
| Total other revenue | $55,579 | $25,432 | $0 |
| Total revenue | $4,079,316 | $9,519,858 | $993,305 |
| Expenses | 2022 | 2021 | 2020 |
| Program services | $2,898,765 | $3,077,648 | $494,978 |
| Management and general | $316,100 | $166,581 | $48,821 |
| Fundraising | $439,510 | $686,806 | $148,511 |
| Total expenses | $3,654,375 | $3,931,035 | $692,310 |
| Change in net assets | 2022 | 2021 | 2020 |
| Surplus (deficit) | $424,941 | $5,588,823 | $300,995 |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | $424,941 | $5,588,823 | $300,995 |
Compensation
| Name | Title | Compensation |
| T Christopher Holdorf | CEO | $161,957 |
| Thomas Johnston | COO | $156,928 |
| Bernie Drackwicz | CFO | $77,630 |
Compensation data as of: 9/30/2022
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 4/24/2024. 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.