Healing Waters Ministries Inc

Analysis

Healing Waters Ministries Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Healing Waters Ministries Inc reported income of $65k and spending of $65k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $65k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Waters Ministries Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MO. Charities of a similar size with the same main cause include Dignity Village ($65k), Wonderfully Made ($65k) and Broken Mended & Restored Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $94k against liabilities of $128, net assets of $94k.