Ben Wheeler Water Supply Corporation
EIN: 751302461 · Ben Wheeler, TX
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $798K |
| Net Assets | $2.5M |
Is Ben Wheeler Water Supply Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ben Wheeler Water Supply Corporation
Ben Wheeler Water Supply Corporation (EIN: 751302461) is a nonprofit organization based in Ben Wheeler, TX. The organization reported total revenue of $1.2M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ben Wheeler Water Supply Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ben Wheeler Water Supply Corporation is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $979K |
| Total Expenses | $798K |
| Surplus / Deficit | +$181K |
| Total Assets | $3.0M |
| Total Liabilities | $494K |
| Net Assets | $2.5M |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 44.9 months |
Financial Health Grade: A
In 2023, Ben Wheeler Water Supply Corporation reported a surplus of $181K with revenue exceeding expenses, holds 44.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ben Wheeler Water Supply Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +6.8% | +5.5% |
| 2022 | +20.5% | +12.2% | -2.0% |
| 2021 | +6.8% | +21.7% | -8.0% |
| 2020 | +2.4% | -7.0% | +6.4% |
| 2019 | +3.3% | +4.3% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ben Wheeler Water Supply Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ben Wheeler Water Supply Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $181K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Frequently Asked Questions about Ben Wheeler Water Supply Corporation
Is Ben Wheeler Water Supply Corporation a legitimate charity?
Ben Wheeler Water Supply Corporation (EIN: 751302461) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Ben Wheeler Water Supply Corporation spend its money?
Ben Wheeler Water Supply Corporation reported $1.2M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ben Wheeler Water Supply Corporation tax-deductible?
Ben Wheeler Water Supply Corporation is registered as a tax-exempt nonprofit (EIN: 751302461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ben Wheeler Water Supply Corporation located?
Ben Wheeler Water Supply Corporation is headquartered in Ben Wheeler, Texas and files with the IRS under EIN 751302461.
How many years of IRS 990 filings does Ben Wheeler Water Supply Corporation have?
Ben Wheeler Water Supply Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Ben Wheeler Water Supply Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ben Wheeler Water Supply Corporation's revenue has grown by 77.8%, moving from $551K to $979K. Total assets increased by 13.7% over the same period, from $2.6M to $3.0M. Total functional expenses rose by 70.8%, from $467K to $798K. In its most recent filing year (2023), Ben Wheeler Water Supply Corporation reported a surplus of $181K, with revenue exceeding expenses. The organization holds $494K in liabilities against $3.0M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $979K | $798K | $3.0M | $494K | — | View 990 |
| 2022 | $887K | $747K | $2.8M | $517K | — | — |
| 2021 | $736K | $666K | $2.9M | $714K | — | View 990 |
| 2020 | $689K | $547K | $3.1M | $830K | — | — |
| 2019 | $673K | $589K | $2.9M | $784K | — | View 990 |
| 2018 | $652K | $564K | $3.0M | $885K | — | View 990 |
| 2017 | $601K | $500K | $3.0M | $1.0M | — | View 990 |
| 2016 | $542K | $524K | $2.9M | $1.0M | — | View 990 |
| 2015 | $728K | $515K | $2.9M | $1.1M | — | View 990 |
| 2014 | $627K | $500K | $2.7M | $1.1M | — | View 990 |
| 2013 | $506K | $472K | $2.6M | $1.1M | — | View 990 |
| 2012 | $506K | $472K | $2.6M | $1.1M | — | View 990 |
| 2011 | $551K | $467K | $2.6M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $979K, expenses of $798K, and assets of $3.0M (revenue +10.4% year-over-year).
- 2022: Revenue of $887K, expenses of $747K, and assets of $2.8M (revenue +20.5% year-over-year).
- 2021: Revenue of $736K, expenses of $666K, and assets of $2.9M (revenue +6.8% year-over-year).
- 2020: Revenue of $689K, expenses of $547K, and assets of $3.1M (revenue +2.4% year-over-year).
- 2019: Revenue of $673K, expenses of $589K, and assets of $2.9M (revenue +3.3% year-over-year).
- 2018: Revenue of $652K, expenses of $564K, and assets of $3.0M (revenue +8.4% year-over-year).
- 2017: Revenue of $601K, expenses of $500K, and assets of $3.0M (revenue +10.9% year-over-year).
- 2016: Revenue of $542K, expenses of $524K, and assets of $2.9M (revenue -25.6% year-over-year).
- 2015: Revenue of $728K, expenses of $515K, and assets of $2.9M (revenue +16.2% year-over-year).
- 2014: Revenue of $627K, expenses of $500K, and assets of $2.7M (revenue +24.0% year-over-year).
- 2013: Revenue of $506K, expenses of $472K, and assets of $2.6M (revenue +-0.0% year-over-year).
- 2012: Revenue of $506K, expenses of $472K, and assets of $2.6M (revenue -8.2% year-over-year).
- 2011: Revenue of $551K, expenses of $467K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ben Wheeler Water Supply Corporation:
Data Sources and Methodology
This transparency report for Ben Wheeler Water Supply Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.