Living Waters Inc
Living Waters Inc. shows consistent growth and zero executive compensation, maintaining strong financial health.
EIN: 200372534 · Charlotte, NC · NTEE: P20 · Updated: 2026-03-28
Is Living Waters Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Living Waters Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Living Waters Inc
Living Waters Inc (EIN: 200372534) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P20. The organization reported total revenue of $224K and total assets of $155K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Waters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Living Waters Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $52K |
| Surplus / Deficit | +$5K |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | 8.0% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Living Waters Inc reported a surplus of $5K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2010–2023), Living Waters Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.4% | +6.0% | +23.5% |
| 2022 | +88.3% | +34.2% | +2555.9% |
| 2021 | +135.2% | +165.4% | -68.7% |
| 2019 | +97.6% | +90.6% | +145.7% |
| 2018 | -11.9% | -11.8% | +19.9% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Living Waters 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Living Waters Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Living Waters Inc. consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization that directs all funds to its mission rather than executive salaries.
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.
Red Flags
The following concerns were identified during AI analysis of Living Waters Inc's IRS 990 filings:
- Small asset base relative to overall revenue, though growing
Strengths
The following positive indicators were identified for Living Waters Inc:
- Consistent revenue and asset growth over time
- Zero reported liabilities across all filings
- 0% officer compensation, indicating volunteer leadership
- Consistent positive net income in recent years
- Regular and consistent IRS 990 filing history
Frequently Asked Questions about Living Waters Inc
Is Living Waters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Waters Inc (EIN: 200372534) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Living Waters Inc spend its money?
Living Waters Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Living Waters Inc tax-deductible?
Living Waters Inc is registered as a tax-exempt nonprofit (EIN: 200372534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Living Waters Inc. financially stable?
Yes, Living Waters Inc. appears financially stable, consistently reporting positive net income in recent years (e.g., $4,560 in 2023) and zero liabilities across all available filings, indicating sound financial management and no debt.
Does Living Waters Inc. pay its executives?
No, Living Waters Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-driven leadership structure.
Has Living Waters Inc. been growing?
Yes, the organization has shown significant growth, with revenue increasing from $7,781 in 2018 to $56,936 in 2023, and assets growing from $951 to $24,001 in the same period.
What is Living Waters Inc.'s approach to debt?
Living Waters Inc. consistently reports $0 in liabilities across all available filings, indicating a strong aversion to debt and a commitment to operating within its means.
Filing History
IRS 990 filing history for Living Waters Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Living Waters Inc's revenue has grown by 904.3%, moving from $6K to $57K. Total assets increased by 2596.7% over the same period, from $890 to $24K. Total functional expenses rose by 550.8%, from $8K to $52K. In its most recent filing year (2023), Living Waters Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $52K | $24K | $0 | — | — |
| 2022 | $68K | $49K | $19K | $0 | — | View 990 |
| 2021 | $36K | $37K | $732 | $0 | — | View 990 |
| 2019 | $15K | $14K | $2K | $0 | — | View 990 |
| 2018 | $8K | $7K | $951 | $0 | — | View 990 |
| 2017 | $9K | $8K | $793 | $0 | — | View 990 |
| 2016 | $2K | $5K | $218 | $0 | — | View 990 |
| 2014 | $10K | $9K | $2K | $601 | — | View 990 |
| 2013 | $7K | $7K | $813 | $166 | — | View 990 |
| 2012 | $8K | $7K | $863 | $166 | — | View 990 |
| 2011 | $9K | $8K | $318 | $651 | — | View 990 |
| 2010 | $6K | $8K | $890 | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $52K, and assets of $24K (revenue -16.4% year-over-year).
- 2022: Revenue of $68K, expenses of $49K, and assets of $19K (revenue +88.3% year-over-year).
- 2021: Revenue of $36K, expenses of $37K, and assets of $732 (revenue +135.2% year-over-year).
- 2019: Revenue of $15K, expenses of $14K, and assets of $2K (revenue +97.6% year-over-year).
- 2018: Revenue of $8K, expenses of $7K, and assets of $951 (revenue -11.9% year-over-year).
- 2017: Revenue of $9K, expenses of $8K, and assets of $793 (revenue +253.3% year-over-year).
- 2016: Revenue of $2K, expenses of $5K, and assets of $218 (revenue -75.4% year-over-year).
- 2014: Revenue of $10K, expenses of $9K, and assets of $2K (revenue +40.5% year-over-year).
- 2013: Revenue of $7K, expenses of $7K, and assets of $813 (revenue -5.0% year-over-year).
- 2012: Revenue of $8K, expenses of $7K, and assets of $863 (revenue -13.8% year-over-year).
- 2011: Revenue of $9K, expenses of $8K, and assets of $318 (revenue +55.5% year-over-year).
- 2010: Revenue of $6K, expenses of $8K, and assets of $890.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Living Waters Inc:
Data Sources and Methodology
This transparency report for Living Waters 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.