Living Waters Ministries Inc

Analysis

Living Waters Ministries Inc is a registered charity in United States, based in Delevan, NY. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Living Waters Ministries Inc reported income of $290k and spending of $430k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $931k to $290k (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Living Waters Ministries Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Columbus Hockey Association Inc ($290k), Metro Aquatic Club of Miami Inc ($290k) and Meramec Community Fair ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $41k. At year end it held assets of $430k against liabilities of $2,116, net assets of $428k. It reported 52 employees.