Mighty Water

Analysis

Mighty Water is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Mighty Water reported income of $65k and spending of $34k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $65k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mighty Water sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within CO. Charities of a similar size with the same main cause include American Friends of Kehillas Simchas Hatorah Inc ($65k), Alliance for Hilltribe Education and Development ($65k) and The Valentine Project Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.