charity: water Company Profile

Background

Mission and Vision

charity: water is a nonprofit organization dedicated to bringing clean and safe drinking water to people in developing countries. Founded in 2006 by Scott Harrison, the organization aims to end the global water crisis by providing sustainable water solutions and raising public awareness about the importance of clean water access.

Primary Area of Focus

The organization focuses on funding and implementing water, sanitation, and hygiene (WASH) projects in developing nations. By collaborating with local partners, charity: water ensures the sustainability and effectiveness of its initiatives, which include drilling wells, constructing rainwater harvesting systems, and installing biosand filters.

Industry Significance

As a leader in the nonprofit sector addressing water scarcity, charity: water has significantly contributed to improving health, education, and economic opportunities in underserved communities. Its innovative fundraising strategies and commitment to transparency have set new standards in the philanthropic landscape.

Key Strategic Focus

Core Objectives

• Universal Access to Clean Water: Striving to provide every person on the planet with access to clean and safe drinking water.

• Sustainable Solutions: Implementing long-term, community-owned water projects that ensure lasting impact.

• Transparency and Accountability: Maintaining a 100% donation model where all public contributions directly fund water projects, with operational costs covered by private donors.

Areas of Specialization

• Community Engagement: Empowering local communities through education and involvement in project planning and maintenance.

• Innovative Fundraising: Utilizing digital platforms and social media to engage a global donor base, including unique campaigns like encouraging individuals to donate their birthdays.

Key Technologies Utilized

• Remote Sensors: Deploying sensors on water points to monitor functionality and ensure maintenance.

• Digital Mapping: Providing donors with GPS coordinates and photos of funded projects to enhance transparency.

Primary Markets Targeted

charity: water operates in 29 countries across Africa and Asia, focusing on rural and underserved regions where access to clean water is limited.

Financials and Funding

Funding History

Since its inception, charity: water has raised substantial funds to support its mission. In 2013, the organization received early financing of $1.7 million.

Recent Financial Performance

• Annual Revenue: In 2021, charity: water reported revenue of $101.1 million.

• Program Percentage: As of 2022, 82% of expenses were allocated to program services.

• Cost to Raise $100: The organization spent $12 to raise each $100 of contributions.

Notable Investors

charity: water's operational costs are covered by a group of private donors known as "The Well," allowing 100% of public donations to fund water projects.

Utilization of Capital

Funds are allocated to:

• Project Implementation: Developing and maintaining water projects in target regions.

• Monitoring and Evaluation: Ensuring the effectiveness and sustainability of projects through regular assessments.

• Community Education: Promoting hygiene and sanitation practices to maximize health benefits.

Pipeline Development

Key Initiatives

• Expansion of Water Projects: Continuing to fund and implement new water projects to reach more communities.

• Technological Enhancements: Integrating advanced monitoring systems to improve project oversight and maintenance.

Target Conditions

Addressing water scarcity and related health issues in developing countries, particularly in rural areas lacking infrastructure.

Timelines for Milestones

charity: water aims to complete funded projects within 18 months from the end of the quarter in which donations are received.

Technological Platform and Innovation

Proprietary Technologies

• Remote Flow Sensors: Installed on water points to monitor usage and functionality, ensuring timely maintenance.

Significant Scientific Methods

• Data Analytics: Utilizing data from sensors and field reports to assess project performance and inform future initiatives.

AI-Driven Capabilities

While specific AI applications are not detailed, charity: water employs data-driven approaches to enhance project efficiency and impact.

Leadership Team

Key Executives

• Scott Harrison: Founder and CEO. Former nightclub promoter who transitioned to humanitarian work, leading to the establishment of charity: water.

• Christoph Gorder: Chief Global Water Officer. Oversees international water programs and partnerships.

• Benjamin Greene: Chief Development Officer. Leads fundraising and donor engagement strategies.

Board of Directors

• Michael Wilkerson: Chairman of the Board. Brings extensive experience in global markets and philanthropy.

• Valerie Donati: Director. Expertise in brand building and communications.

• Brant Cryder: Director. President of Yves Saint Laurent North America, contributing insights into luxury brand management.

• Brook Hazelton: Director. Former President of Christie's