While the category describes contamination, the IICRC S500 class describes how much water is present and how hard it will be to dry, which sets the equipment and time needed.
Class 1 Water Intrusion
The least amount of water, absorption, and evaporation load. Only part of a room or area is affected, or the wet materials are low-porosity (such as plywood or concrete), so relatively little moisture must be removed.
Class 2 Water Intrusion
A large amount of water, absorption, and evaporation load. An entire room is affected, water has wicked less than 24 inches up the walls, and moisture is present in carpet, cushion, and structural materials.
Class 3 Water Intrusion
The greatest amount of water, absorption, and evaporation load. Water often comes from overhead, saturating ceilings, walls, insulation, carpet, cushion, and subfloor throughout the space.
Class 4 Water Intrusion (Specialty Drying)
Wet materials with very low permeance and porosity, such as hardwood, plaster, brick, concrete, and stone. These deeply held pockets of moisture require longer drying times, low specific humidity, and specialized methods.