Cold Water Ministries Inc

Analysis

Cold Water Ministries Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cold Water Ministries Inc reported income of $426k and spending of $128k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $541k to $426k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cold Water Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Central Coast Ag Network Inc ($426k), Kansas Family Advisory Network Inc ($426k) and Abigail Ministries ($426k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 72% of the total. Compensation of current officers, directors and key employees was $46k (36% of expenses). At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.