Cup of Cold Water Ministries

Analysis

Cup of Cold Water Ministries is a registered charity in United States, based in Sheridan, IL. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Cup of Cold Water Ministries reported income of $1.0m and spending of $965k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $1.0m (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cup of Cold Water Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Master Plan Ministries Inc ($1.0m), Altus Academy ($1.0m) and Nami Greater San Antonio ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $38k (4.0% of expenses). Other salaries and wages came to $209k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 21 employees.