Gravity Water EIN 81-1802377 Form 990 (PDF) Claim this org

Gravity Water FY2023 filing

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Provides safe drinking water for schools worldwide by collecting and purifying rainwater. For fiscal year 2023 it reported $627K in revenue, $438K in expenses, and $212K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Santa Cruz, CA
Website
www.gravitywater.org
Filings
5 on file (2020–2023)
Revenue
$627KFY2023
Expenses
$438K
Net assets
$212K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1802377 Public charity (501(c)(3)) Santa Cruz, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides safe drinking water for schools worldwide by collecting and purifying rainwater.
Leadership
Daniel Wright · President · $76K
Money in and out
$627K revenue, $438K expenses
Bottom line
74% program efficiency
Where the money goes · FY2023
Total revenue
$627K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $189K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.15 Fundraising $0.12
Program efficiency
74%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$627K
FY2023▲ +204%
Expenses
$438K
FY2023▲ +137%
Total assets
$225K
FY2023▲ +137%
Total liabilities
$14K
FY2023
Total revenue
$627K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$189K
Total assetsPt X · Ln 16$225K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGravity Water
EINHdr · item D81-1802377
Principal addressHdr · item CSanta Cruz, CA
WebsiteHdr · item Jwww.gravitywater.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFOct 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$75,500Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Daniel Wright’s $74K as President is at the 67th percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Wright$75,500$35,500$24,500$33,000
Daniel Wright$74,500
Kari Dorth$26,400
Shandara Gill$14,400
Tyler Hubbell$4,188

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $324K of program spending, described in the organization's own filed words · FY2023.
01

2023 Vietnam Initiative - In 2023, Gravity Water provided an estimated 45,502 students and community members in Vietnam with access to an on-site safe drinking water source. This number includes 28,468 additional students provided access to safe drinking water through 87 school projects completed last year (480% YoY Growth)

$185Kprogram expense
02

2023 Nepal Initiative - In 2023, Gravity Water provided clean drinking water for an estimated 27,318 students and community members in Nepal. This number includes 9,086 additional students provided access to safe drinking water through 26 school projects completed last year (270% YoY Growth).

$91Kprogram expense
03

2023 Taiwan Initiative - In 2023, Gravity Water partnered with CLEAN International and Environmental Ethics Foundation of Taiwan to launch an initiative focused on providing 48 schools in Taiwan with rainwater harvesting technology and educational materials.

$48Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$627K
Total revenueLn 12$627K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.15 Fundraising $0.12
Program services74%$324K
Management & general15%$64K
Fundraising12%$51K
Total functional expensesLn 25$438K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$225K
Total liabilitiesLn 26$14K
Total net assetsLn 32$212K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $198K · Operating expenses/yr $438K
5.4 months
Where the money goes
Program services
Program services $324K · Total expenses $438K
74%
Management & General
Management & general $64K · Total expenses $438K
15%
Fundraising
Fundraising $51K · Total expenses $438K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $38K · Solicited contributions (2-yr avg) $417K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $627K · Total revenue $627K
100%
Government reliance
Government grants — · Total revenue $627K
Earned-income share
Program service revenue $0 · Total revenue $627K
0%
Investment reliance
Investment income $0 · Total revenue $627K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $438K
0%
Growth & trend
Revenue growth (YoY)
This year $627K · Prior year $206K
+204%
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $627K · Expenses $438K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $225K
Net-asset ratio
Net assets $212K · Total assets $225K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $225K
0%
People & payroll
Highest Reported Total Compensation
Individual Daniel Wright · Reported title President · Highest reported compensation $76K · Total expenses $438K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $142K · Total expenses $438K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 15%
Fundraising cost ratio 8%
Revenue growth 204%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
OstaraFY2024$18K
Total grants receivedfrom 4 funders$1.2M
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$989K revenue · ⤓ 990 PDF
FY2023$627K revenue · viewing · ⤓ 990 PDF
FY2022$206K revenue · ⤓ 990 PDF
FY2021$139K revenue · ⤓ 990 PDF
FY2020$163K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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