Walk on Water Inc

Analysis

Walk on Water Inc is a registered charity in United States, based in Stuart, OK. It received its IRS tax-exemption ruling in May 1999, 27 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, Walk on Water Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.5m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Walk on Water Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Andre Roebert Ministries Inc ($1.5m), Islaminspanish Inc ($1.5m) and American Evangelistic Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $191k. At year end it held assets of $188k against liabilities of $387k, net assets of -$200k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.