New Water Ministries

Analysis

New Water Ministries is a registered charity in United States, based in Dadeville, AL. It received its IRS tax-exemption ruling in November 2011, 15 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 2022, New Water Ministries reported income of $421k and spending of $310k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $301k to $421k (+40%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Water Ministries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Ru4 Inc ($421k), Calvary Road Ministries ($421k) and Baptist Christian Camp of California ($421k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% and program service revenue 68% of the total. Other salaries and wages came to $123k. At year end it held assets of $876k against liabilities of $93k, net assets of $783k. It reported 5 employees.