H20 Water of Life Ministries

Analysis

H20 Water of Life Ministries is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, H20 Water of Life Ministries reported income of $111k and spending of $90k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $111k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, H20 Water of Life Ministries sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Sail of Hope International ($111k), Dominion International Network of Ministries & Churches ($111k) and White Rose Foundation ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $420k against liabilities of $288k, net assets of $132k.