Watershed Ministries Inc

Analysis

Watershed Ministries Inc is a registered charity in United States, based in Atlantic BCH, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Watershed Ministries Inc reported income of $227k and spending of $75k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $227k (+222%), an average of +222% a year. The sharpest change came in the year to December 2023, when income rose by 222%. Over the whole period it spent 48% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watershed Ministries Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Royal Arch Masons Childrens Heart Foundation Inc ($227k), 1311 York Street Club Inc ($227k) and Infectious Disease Society for Obstetrics and Gynecology ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $194k against liabilities of $539, net assets of $193k. It reported 2 employees.