Walk on Water Ministries of Central Florida Inc

Analysis

Walk on Water Ministries of Central Florida Inc is a registered charity in United States, based in Merritt Is, FL. It received its IRS tax-exemption ruling in July 2019, 7 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, Walk on Water Ministries of Central Florida Inc reported income of $228k and spending of $185k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $174k to $228k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Walk on Water Ministries of Central Florida Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Keith Hudson Ministries Inc ($228k), Wat Pramavihara Inc ($228k) and Nashville Fellows Program Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $45k (25% of expenses). At year end it held assets of $335k against liabilities of $49k, net assets of $286k.