Water Angel Ministries Inc

Analysis

Water Angel Ministries Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 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 (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, Water Angel Ministries Inc reported income of $208k and spending of $206k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $214k to $208k (-2.9%), an average of -2.9% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Water Angel Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Fargo Moorhead Coalition for Homeless Persons ($208k), Native American Development Center ($208k) and Building Dreams for Marines Inc ($208k).

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 $36k. At year end it held assets of $126k against liabilities of $0, net assets of $126k.