Cup of Cool Water

Analysis

Cup of Cool Water is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 1997, 29 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, Cup of Cool Water reported income of $249k and spending of $301k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $249k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cup of Cool Water sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Abundant Life Revival Ministries ($249k), Xuan Wu San Buddhist Association ($249k) and Symponia Ministries ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $69k (23% of expenses). Other salaries and wages came to $112k. At year end it held assets of $224k against liabilities of $2,239, net assets of $221k. It reported 7 employees.