Deeper Waters Inc

Analysis

Deeper Waters Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Deeper Waters Inc reported income of $57k and spending of $55k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3,182 to $57k (+1693%), an average of +78% a year. The sharpest change came in the year to December 2019, when income rose by 747%. Over the whole period it spent 130% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Deeper Waters Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within MO. Charities of a similar size with the same main cause include Ansar Ud Deen Society of Washington DC ($57k), Soorin Backer Ministries Inc ($57k) and Bethel of Truth Church ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $476k against liabilities of $109k, net assets of $368k.