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Top Rated


CharityWatch report issued
October 2018

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

117 W 20th Street
Suite 203
Kansas City, MO 64108

Other Names

Water.org, Inc.

Tax Status




Stated Mission

To bring safe water and sanitation to the world through access to small, affordable loans.

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Data based on Fiscal Year Ended 09/30/2017

Program Percentage: 85%

The percentage of Water.org's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $6

How many dollars Water.org spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Water.org IRS Form 990 58-2060131
Water.org Audited Consolidated Financial Statements Multiple
Entity: Water.org
Document Type: IRS Form 990
Tax ID: 58-2060131
Entity: Water.org
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
meets governance benchmarks.
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Gary White CEO $266,929
2 Jennifer Schorsch President $237,547
3 John Moyer Director of Portfolio Development $235,224
Name: Gary White
Title: CEO
Compensation: $266,929
Name: Jennifer Schorsch
Title: President
Compensation: $237,547
Name: John Moyer
Title: Director of Portfolio Development
Compensation: $235,224

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the Water.org consolidated audit of September 30, 2017 (Note 1 re: Nature of Operations):

"... Water.org maintains its headquarters in Kansas City, Missouri. In 2006, Water.org, Inc. established local branch offices in Kenya and India. In 2017 and 2016, Water.org, Inc. has supported projects in Bangladesh, Ethiopia, Ghana, Haiti, Honduras, India, Kenya, Uganda, Peru, Indonesia, Cambodia and the Philippines. In 2014, local branch offices were established in Peru and Indonesia. In 2015, local branch offices were established in Bangladesh and the Philippines. In 2016, a local branch office was established in Ethiopia."


"For the purpose of facilitating water and sanitation lending by micro-finance institutions (MFIs) in India, Water.org created two organizations in 2014: WaterCredit, LLC (WCLLC), the managing company, and WaterCredit Investment Fund 1 (WCIF 1). These organizations were developed on the premise that there are lending opportunities in the water and sanitation arena capable of achieving charitable impact while generating a limited return for investors. WCIF 1 intends to achieve this limited return by making loans to qualified MFIs in India for the express purpose of increasing access to water and sanitation improvements. For the purpose of continuing to expand the facilitation of water and sanitation lending, Water.org created WaterCredit Investment Fund 2, LLC (WCIF 2) and WaterCredit Investment Fund 3, LLC (WCIF 3) in 2015. ... During fiscal year 2017, as part of the legal formation of WaterEquity, Inc., all of the organizations (WCLLC, WCIF 1, WCIF 2 and WCIF 3) were transferred to WaterEquity, Inc. and are no longer included in the [audited] consolidated financial statements of Water.org."

According to the Water.org consolidated audit of September 30, 2017 (Note 2, WaterEquity, Inc. Spin-Off):

"... In 2017, the Board of Directors voted to spin-off WCLLC and WCIF 1, as well as WCIF 2 and WCIF 3, and together they became a legally separate entity known as WaterEquity, Inc., with a separate controlling Board of Directors. Water.org did retain an investment in WCIF 1, which totaled $1,223,365 as of September 30, 2017."
According to the Water.org consolidated audit of September 30, 2017 (Note 13, Related-Party Transactions):

"During 2016, Water.org transferred $1,201,300 to WCLLC [WaterCredit, LLC] to help fund its investment in WaterCredit, LLC and WCIF [WaterCredit Investment Fund] 1...

"Water.org, through WCLLC, funded all of the formation costs for WCIF 1 in exchange for Class I and Class II positions. Water.org also funded the formation of WCIF 2 and WCIF 3 and the startup costs associated were recorded in 2016 as other assets... In 2017, these assets were contributed to WaterEquity, Inc. as part of the spin-off transaction. Water.org maintains an investment in WCIF 1, which totaled $1,223,365 on September 30, 2017.

"... During fiscal year 2017, WCIF 1 was spun off into a legally separate entity. Water.org maintains an investment in WCIF 1 which totaled $1,223,365 at September 30, 2017."
According to the Water.org consolidated audit of September 30, 2017 (Note 14, Significant Estimates and Concentrations):

"Contributions: Approximately 58 percent and 61 percent of all contributions were received from four donors in 2017 and three donors in 2016, respectively."
According to the Water.org tax filing for the fiscal year-ended September 30, 2017, Water.org reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance or change-of control payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4A):

"Chevenee Reavis - $77,475"

[Chevenee Reavis is reported as the former Director of Strategic Initiatives, with total compensation of $186,082 in calendar year 2016 (Schedule J, Part II).]

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"Non-fixed payments in the form of a bonus are determined based on personal and organizational performance and the discretion of the Board of Directors."

Water.org reports "Bonus & incentive compensation" payments in the following amounts to five individuals in calendar year 2016 (IRS Form 990, Schedule J, Part II):

(1) Gary White, CEO and co-founder: $55,000, with reported total compensation of $266,929;
(2) Jennifer Schorsch, President: $39,000, with reported total compensation of $237,547;
(3) Richard Thorsten, Director of International Programs: $26,398, with reported total compensation of $179,851;
(4) Alix Lebec, Director of Business Development: $28,457, with reported total compensation of $205,533; and
(5) John Moyer, Director of Portfolio Development: $19,407, with reported total compensation of $235,224.

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