Clear Waters Life Center

Analysis

Clear Waters Life Center is a registered charity in United States, based in Clearbrook, MN. It received its IRS tax-exemption ruling in November 2004, 22 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, Clear Waters Life Center reported income of $640k and spending of $677k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $640k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clear Waters Life Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Refugees and Immigrants Community for Empowerment ($640k), Build Hope Inc ($641k) and Earthlodge Center for Transformation ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 15% of the total. Other salaries and wages came to $298k. At year end it held assets of $382k against liabilities of $2,865, net assets of $380k. It reported 26 employees.