Life Water Inc
Life Water Inc consistently generates surpluses and has grown assets to over $366,000 with no reported officer compensation or liabilities.
EIN: 20809041 · Ellenwood, GA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $92K |
| Program Spending | 90% |
| Net Assets | $367K |
| Transparency Score | 92/100 |
Is Life Water Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Water Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Water Inc
Life Water Inc (EIN: 20809041) is a nonprofit organization based in Ellenwood, GA, classified under NTEE code A80. The organization reported total revenue of $145K and total assets of $367K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Water Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Water Inc is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $92K |
| Surplus / Deficit | +$52K |
| Total Assets | $367K |
| Net Assets | $367K |
| Operating Margin | 36.2% |
| Months of Reserves | 47.7 months |
Financial Health Grade: A
In 2021, Life Water Inc reported a surplus of $52K with revenue exceeding expenses, holds 47.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2021), Life Water Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +3.4% | -8.7% | +17.4% |
| 2020 | +9.2% | +1.1% | +13.3% |
| 2019 | -34.3% | +27.1% | +5.7% |
| 2018 | +44.8% | -19.5% | +72.3% |
| 2017 | -15.1% | -43.3% | +32.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Water Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Life Water Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
Executive Compensation Analysis
Life Water Inc reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization of its size and suggests a strong volunteer-driven model or significant dedication to program funding.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Life Water Inc:
- Consistent revenue exceeding expenses, leading to surpluses in most years.
- Significant asset growth from $24,694 in 2011 to $366,978 in 2021.
- Zero reported liabilities across all filings, indicating a debt-free operation.
- Zero reported officer compensation, suggesting high dedication of funds to mission.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Life Water Inc
Is Life Water Inc a legitimate charity?
Life Water Inc (EIN: 20809041) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 92/100. It has 9 years of IRS 990 filings on record. Total revenue: $145K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Life Water Inc spend its money?
Life Water Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Life Water Inc tax-deductible?
Life Water Inc is registered as a tax-exempt nonprofit (EIN: 20809041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Life Water Inc's spending goes to programs?
Life Water Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Water Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Life Water Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Water Inc located?
Life Water Inc is headquartered in Ellenwood, Georgia and files with the IRS under EIN 20809041. It is classified under NTEE code A80.
How many years of IRS 990 filings does Life Water Inc have?
Life Water Inc has 9 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 $145K in total revenue.
Is Life Water Inc a good charity?
Based on the available financial data, Life Water Inc appears to be a very good charity. It consistently generates more revenue than expenses, has grown its assets significantly to $366,978, and reports no liabilities or officer compensation, indicating strong financial health and a high dedication of funds to its mission.
How has Life Water Inc's financial health changed over time?
Life Water Inc has shown consistent financial growth and stability. Its assets have grown from $24,694 in 2011 to $366,978 in 2021, and it has consistently maintained a surplus of revenue over expenses in most years, with the exception of 2016.
What is Life Water Inc's approach to executive compensation?
Life Water Inc reports 0% officer compensation in all its IRS 990 filings. This suggests that its executive leadership is either entirely volunteer-based or compensated through means not classified as officer compensation, which is a strong indicator of resource dedication to its programs.
Does Life Water Inc have any debt?
No, Life Water Inc consistently reports $0 in liabilities across all nine available IRS 990 filings, indicating a debt-free operation.
Filing History
IRS 990 filing history for Life Water Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2021), Life Water Inc's revenue has grown by 83.6%, moving from $79K to $145K. Total assets increased by 1386.1% over the same period, from $25K to $367K. Total functional expenses rose by 70.6%, from $54K to $92K. In its most recent filing year (2021), Life Water Inc reported a surplus of $52K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $145K | $92K | $367K | $0 | — | — |
| 2020 | $140K | $101K | $313K | $0 | — | View 990 |
| 2019 | $128K | $100K | $276K | $0 | — | View 990 |
| 2018 | $195K | $79K | $261K | $0 | — | View 990 |
| 2017 | $135K | $98K | $152K | $0 | — | View 990 |
| 2016 | $159K | $173K | $115K | $0 | — | View 990 |
| 2015 | $125K | $75K | $128K | $0 | — | View 990 |
| 2013 | $92K | $73K | $60K | $0 | — | View 990 |
| 2011 | $79K | $54K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $145K, expenses of $92K, and assets of $367K (revenue +3.4% year-over-year).
- 2020: Revenue of $140K, expenses of $101K, and assets of $313K (revenue +9.2% year-over-year).
- 2019: Revenue of $128K, expenses of $100K, and assets of $276K (revenue -34.3% year-over-year).
- 2018: Revenue of $195K, expenses of $79K, and assets of $261K (revenue +44.8% year-over-year).
- 2017: Revenue of $135K, expenses of $98K, and assets of $152K (revenue -15.1% year-over-year).
- 2016: Revenue of $159K, expenses of $173K, and assets of $115K (revenue +26.5% year-over-year).
- 2015: Revenue of $125K, expenses of $75K, and assets of $128K (revenue +36.8% year-over-year).
- 2013: Revenue of $92K, expenses of $73K, and assets of $60K (revenue +16.4% year-over-year).
- 2011: Revenue of $79K, expenses of $54K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Water Inc:
Data Sources and Methodology
This transparency report for Life Water Inc 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.