Waterstone Supporting Organization Trust 1
10807 New Allegiance Dr Ste 240, Colorado Spgs, CO · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $61,792,016 | $23,484,908 | $230,550,595 |
| FY2023 | $82,555,170 | $25,297,765 | $147,384,975 |
| FY2022 | $121,997,589 | $47,538,157 | $85,625,462 |
| FY2021 | $77,364,111 | $39,517,200 | $40,765,931 |
| FY2020 | $28,548,386 | $18,143,532 | $36,727,249 |
Form 990 filings
The returns filed by Waterstone Supporting Organization Trust 1 (EIN 45-4295864), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $46,957,644 | 76% |
| Program service revenue | $0 | 0% |
| Other revenue | $14,834,372 | 24% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $21,637,722 | 92% |
| Management & general | $1,847,186 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 76% of total revenue in FY2024.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2024. That is higher than 62.7% of 480 Community Improvement & Capacity Building organizations nationwide (too few in CO for a state comparison).
- Net assets covered about 117.8 months of expenses at the end of the reporting year. That puts it in the 91st percentile among 507 Community Improvement & Capacity Building organizations in CO.
- Total revenue was the highest among 516 Community Improvement & Capacity Building organizations in CO.
- Total revenue rose from $28,548,386 in FY2020 to $61,792,016 in FY2024. Revenue increased in 2 and decreased in 2 of 4 year-over-year comparisons.
- Revenue covered expenses in each of the 5 reported years, FY2020 to FY2024.
- The highest revenue on record here is $121,997,589 in FY2022.
- Net assets grew from $36,727,249 to $230,550,595 between FY2020 and FY2024.
- Contributions and grants made up 65% of revenue in FY2020 and 76% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SUPPORT THE PURPOSES OF CHRISTIAN COMMUNITY FOUNDATION DBA WATERSTONE.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S11 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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