Deeper Waters Ministry

Analysis

Deeper Waters Ministry is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Deeper Waters Ministry reported income of $154k and spending of $88k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $154k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deeper Waters Ministry sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Dhvani Foundation ($154k), By His Stripes ($154k) and Save a Youth Oc Inc ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.