Clear Waters Life Center
EIN: 770643868 · Clearbrook, MN · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $762K |
| Total Expenses | $677K |
| Net Assets | $380K |
Is Clear Waters Life Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clear Waters Life Center
Clear Waters Life Center (EIN: 770643868) is a nonprofit organization based in Clearbrook, MN, classified under NTEE code P30. The organization reported total revenue of $762K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clear Waters Life Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clear Waters Life Center is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $640K |
| Total Expenses | $677K |
| Surplus / Deficit | $-36,886 |
| Total Assets | $382K |
| Total Liabilities | $3K |
| Net Assets | $380K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Clear Waters Life Center reported a deficit of $37K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Clear Waters Life Center's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +4.2% | -10.1% |
| 2022 | -24.8% | +11.3% | -11.5% |
| 2021 | +39.8% | +7.8% | +45.4% |
| 2020 | +10.2% | +3.3% | +13.4% |
| 2019 | +8.4% | +8.2% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clear Waters Life Center 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 Clear Waters Life Center 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 deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Clear Waters Life Center
Is Clear Waters Life Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Clear Waters Life Center (EIN: 770643868) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clear Waters Life Center spend its money?
Detailed spending breakdown data is not yet available for Clear Waters Life Center. Check back for updated IRS 990 analysis.
Are donations to Clear Waters Life Center tax-deductible?
Clear Waters Life Center is registered as a tax-exempt nonprofit (EIN: 770643868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clear Waters Life Center located?
Clear Waters Life Center is headquartered in Clearbrook, Minnesota and files with the IRS under EIN 770643868. It is classified under NTEE code P30.
How many years of IRS 990 filings does Clear Waters Life Center have?
Clear Waters Life Center 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 $762K in total revenue.
Filing History
IRS 990 filing history for Clear Waters Life Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clear Waters Life Center's revenue has grown by 73.7%, moving from $369K to $640K. Total assets increased by 124.1% over the same period, from $171K to $382K. Total functional expenses rose by 107.7%, from $326K to $677K. In its most recent filing year (2023), Clear Waters Life Center reported a deficit of $37K, with expenses exceeding revenue. The organization holds $3K in liabilities against $382K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $380K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $640K | $677K | $382K | $3K | — | — |
| 2022 | $594K | $650K | $425K | $9K | — | View 990 |
| 2021 | $790K | $584K | $481K | $9K | — | View 990 |
| 2020 | $565K | $541K | $331K | $64K | — | View 990 |
| 2019 | $512K | $524K | $292K | $49K | — | View 990 |
| 2018 | $473K | $485K | $259K | $4K | — | View 990 |
| 2017 | $473K | $475K | $271K | $4K | — | View 990 |
| 2016 | $444K | $471K | $269K | $-62 | — | View 990 |
| 2015 | $338K | $484K | $301K | $5K | — | View 990 |
| 2014 | $402K | $399K | $445K | $4K | — | View 990 |
| 2013 | $601K | $355K | $442K | $4K | — | View 990 |
| 2012 | $398K | $362K | $215K | $22K | — | View 990 |
| 2011 | $369K | $326K | $171K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $640K, expenses of $677K, and assets of $382K (revenue +7.8% year-over-year).
- 2022: Revenue of $594K, expenses of $650K, and assets of $425K (revenue -24.8% year-over-year).
- 2021: Revenue of $790K, expenses of $584K, and assets of $481K (revenue +39.8% year-over-year).
- 2020: Revenue of $565K, expenses of $541K, and assets of $331K (revenue +10.2% year-over-year).
- 2019: Revenue of $512K, expenses of $524K, and assets of $292K (revenue +8.4% year-over-year).
- 2018: Revenue of $473K, expenses of $485K, and assets of $259K (revenue +0.0% year-over-year).
- 2017: Revenue of $473K, expenses of $475K, and assets of $271K (revenue +6.4% year-over-year).
- 2016: Revenue of $444K, expenses of $471K, and assets of $269K (revenue +31.5% year-over-year).
- 2015: Revenue of $338K, expenses of $484K, and assets of $301K (revenue -15.9% year-over-year).
- 2014: Revenue of $402K, expenses of $399K, and assets of $445K (revenue -33.1% year-over-year).
- 2013: Revenue of $601K, expenses of $355K, and assets of $442K (revenue +51.0% year-over-year).
- 2012: Revenue of $398K, expenses of $362K, and assets of $215K (revenue +7.9% year-over-year).
- 2011: Revenue of $369K, expenses of $326K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clear Waters Life Center:
Data Sources and Methodology
This transparency report for Clear Waters Life Center 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.