Water 4 Mercy Inc

Analysis

Water 4 Mercy Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Water 4 Mercy Inc reported income of $675k and spending of $675k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $493k to $675k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Water 4 Mercy Inc 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 77th percentile within FL. Charities of a similar size with the same main cause include Aleh Yosef Inc ($675k), Leadership Experience ($675k) and Butler County Council of Aging Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $50k (7.4% of expenses). At year end it held assets of $52k against liabilities of $275k, net assets of -$223k. It reported 1 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.