Waterbrook Ministries NFP

Analysis

Waterbrook Ministries NFP is a registered charity in United States, based in Polo, IL. It received its IRS tax-exemption ruling in February 2005, 21 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, Waterbrook Ministries NFP reported income of $243k and spending of $139k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $78k to $243k (+213%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 170%. Over the whole period it spent 122% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Waterbrook Ministries NFP sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Love Inc of North Marion County ($243k), 1hope Ministries International ($243k) and Mentoring Plus ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $491k, net assets of $540k.