Water oxidation catalysis stands out as one of the most important reactions to design practical devices for artificial photosynthesis. Use of late first-row transition metal (TM) complexes provides an excellent platform for the development of inexpensive catalysts with exquisite control on their electronic and structural features via ligand design. However, the difficult access to their high oxidation states and the general labile character of their metal-ligand bonds pose important challenges. Herein, we explore a copper complex (12-) featuring an extended, π-delocalized, tetra-amidate macrocyclic ligand (TAML) as water oxidation catalyst and compare its activity to analogous systems with lower π-delocalization (22- and 32-). Their characterization evidences a special metal-ligand cooperativity in accommodating the required oxidative equivalents using 12- that is absent in 22- and 32-. This consists of charge delocalization promoted by easy access to different electronic states at a narrow energy range, corresponding to either metal-centered or ligand-centered oxidations, which we identify as an essential factor to stabilize the accumulated oxidative charges. This translates into a significant improvement in the catalytic performance of 12- compared to 22- and 32- and leads to one of the most active and robust molecular complexes for water oxidation at neutral pH with a kobs of 140 s-1 at an overpotential of only 200 mV. In contrast, 22- degrades under oxidative conditions, which we associate to the impossibility of efficiently stabilizing several oxidative equivalents via charge delocalization, resulting in a highly reactive oxidized ligand. Finally, the acyclic structure of 32- prevents its use at neutral pH due to acidic demetalation, highlighting the importance of the macrocyclic stabilization.