Quiet Waters Ministries Inc

Analysis

Quiet Waters Ministries Inc is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Quiet Waters Ministries Inc reported income of $240k and spending of $216k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $155k to $240k (+54%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quiet Waters Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Gate Breaker Ministries Corp ($240k), Inspiring Philosophy Ministries ($240k) and 10m Foundation ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Other salaries and wages came to $117k. At year end it held assets of $610k against liabilities of $446k, net assets of $164k. It reported 4 employees.