Water From the Rock

Analysis

Water From the Rock is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Water From the Rock reported income of $450k and spending of $452k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $626k to $450k (-28%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Water From the Rock sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Renewable Manufacturing Gateway ($450k), Indian Country Grassroots Support ($451k) and Sunset Park District Management Association Inc ($450k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $75k against liabilities of $3,505, net assets of $72k. It reported 2 employees.