Friends of Worship on the Water

Analysis

Friends of Worship on the Water is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of Worship on the Water reported income of $168k and spending of $84k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $168k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Worship on the Water sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Crisis Ministries ($168k), Lantern Books Inc ($168k) and Hebraic Roots Network Inc ($168k).

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 $168k against liabilities of $0, net assets of $168k.