Rippling Waters

Analysis

Rippling Waters is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rippling Waters reported income of $164k and spending of $234k, spending 143% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $417k to $164k (-61%), an average of -27% a year. The sharpest change came in the year to December 2021, when income dropped by 58%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rippling Waters sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Lumber River Cog Housing Corporation ($164k), Rodman Commons Inc ($164k) and I H a Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 34% of the total. Other salaries and wages came to $92k. At year end it held assets of $2.3m against liabilities of $509k, net assets of $1.8m. It reported 1 employees.