Charity: Water

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

Year founded: 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

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Health & Well-Being

CategoryRatingOverall rankSector rank
Overall efficiency rating508 of 7757 of 8
Fund acquisition rating409 of 7765 of 8
Resource allocation rating384 of 7765 of 8
Asset utilization rating597 of 7758 of 8

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%11%10%13%9%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%11%10%13%9%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%13%10%13%8%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%1%0%0%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%79%81%75%80%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%85%97%98%103%92%
Program output ratio Program output ratio =
Program services /
Total revenue
75%67%78%74%83%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%15%3%2%-3%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%25%5%2%-4%13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%9%12%11%8%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.680.680.710.670.680.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.061.021.031.051.061.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.000.690.730.710.720.74
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.491.981.932.212.072.04
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.250.500.520.450.480.49
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.518.667.889.268.628.32
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
19%50%51%45%47%48%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
48%74%69%82%77%72%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$37,351,410$32,280,376$19,718,593$23,522,623$12,562,151
Receivables, inventories, prepaids$20,600,547$13,953,505$10,427,769$15,780,052$16,715,984
Short-term investments$28,344,406$20,100,324$20,548,716$11,117,422$25,121,169
Other current assets$0$0$0$0$0
Total current assets$86,296,363$66,334,205$50,695,078$50,420,097$54,399,304
Long-term investments$0$0$0$0$0
Fixed assets$1,198,812$1,851,168$2,524,879$2,795,461$1,064,620
Other long-term assets$123,786$126,894$92,894$132,966$132,966
Total long-term assets$1,322,598$1,978,062$2,617,773$2,928,427$1,197,586
Total assets$87,618,961$68,312,267$53,312,851$53,348,524$55,596,890
 
Liabilities20182017201620152014
Payables and accrued expenses$43,521,636$34,350,366$22,984,392$24,375,389$26,649,816
Other current liabilities$0$0$0$0$0
Total current liabilities$43,521,636$34,350,366$22,984,392$24,375,389$26,649,816
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$352,916$562,144$749,740$914,814$0
Total long-term liabilities$352,916$562,144$749,740$914,814$0
Total liabilities$43,874,552$34,912,510$23,734,132$25,290,203$26,649,816
 
Net assets20182017201620152014
Unrestricted$15,505,607$13,383,213$12,718,088$10,789,306$11,659,675
Temporarily restricted$28,238,802$20,013,544$16,860,631$17,269,015$17,287,399
Permanently restricted$0$0$0$0$0
Net assets$43,744,409$33,399,757$29,578,719$28,058,321$28,947,074
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$69,223,898$49,827,030$36,176,933$35,127,416$43,690,259
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,108,991$813,882$624,059$243,121$400,072
Other revenue($242,228)($256,617)($304,377)($242,795)($399,248)
Total other revenue$866,763$557,265$319,682$326$824
Total revenue$70,090,661$50,384,295$36,496,615$35,127,742$43,691,083
 
Expenses20182017201620152014
Program services$46,979,282$39,305,226$27,042,000$29,012,210$33,014,896
Management and general$4,537,738$4,519,095$4,275,257$4,151,159$3,242,732
Fundraising$7,748,373$4,861,057$4,584,984$3,076,378$3,769,846
Total expenses$59,265,393$48,685,378$35,902,241$36,239,747$40,027,474
 
Change in net assets20182017201620152014
Surplus (deficit)$10,825,268$1,698,917$594,374($1,112,005)$3,663,609
Other changes in net assets$0$0$0$0$0
Total change in net assets$10,825,268$1,698,917$594,374($1,112,005)$3,663,609

Compensation

NameTitleCompensation
Scott HarrisonFounder/CEO$414,662
Christoph GorderChief Global Water Officer$297,149
Jason KeramidasChief Product Officer$274,876
Lauren LettaChief Operating Officer$235,786
Michael GumbleyTreasurer/CFO$211,340
Mohammed ZaidiDir of Brand Pships(End 12/18)$173,586
William BellDirector of Finance$161,582
Jasdeep GosalPrincipal Engineer$156,310
Nitya OberoiSoftware Development Manager$145,814
Christine ChoeDir of Business Operations$143,875
Christopher BartonSecretary/Gen Counsel$110,610

Compensation data as of: 12/31/2018


Response from ministry

No response has been provided by this ministry.


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.