Watermelon Ministries

Watermelon Ministries shows asset growth but faces occasional deficits with expenses exceeding revenue.

EIN: 202443703 · Smyrna, TN · NTEE: X02 · Updated: 2026-03-28

$91KRevenue

$92KAssets

75/100Mission Score (Good)

X02

About Watermelon Ministries

Watermelon Ministries (EIN: 202443703) is a nonprofit organization based in Smyrna, TN, classified under NTEE code X02. The organization reported total revenue of $91K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watermelon Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Watermelon Ministries demonstrates consistent financial activity, with annual revenues fluctuating but generally staying within the $40,000 to $100,000 range over the past decade. The organization's assets have shown growth, increasing from $10,516 in 2012 to $91,838 currently, indicating a build-up of financial reserves. However, the most recent filing for Period 202312 shows expenses ($75,437) exceeding revenue ($59,045), resulting in a deficit for that year. This trend of expenses sometimes outpacing revenue is visible in other years as well, such as 202212 and 201412, suggesting a need for careful financial management to ensure long-term sustainability. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for transparency and donor trust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Watermelon Ministries with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Watermelon Ministries allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting a volunteer-driven leadership model.

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 Watermelon Ministries's IRS 990 filings:

Expenses exceeded revenue in the most recent filing (202312), indicating an operating deficit.
Inconsistent operating surpluses/deficits across multiple years (e.g., 202212, 201412 also showed deficits).

Strengths

The following positive indicators were identified for Watermelon Ministries:

Consistent 0% officer compensation across all filings, indicating efficient use of funds and volunteer leadership.
Significant growth in assets over the past decade, from $10,516 in 2012 to $91,838 currently.
Long filing history (11 filings), demonstrating consistent compliance and transparency.

Frequently Asked Questions about Watermelon Ministries

Is Watermelon Ministries financially stable?

While Watermelon Ministries has grown its assets significantly over the past decade (from $10,516 in 2012 to $91,838 currently), it has experienced years where expenses exceeded revenue, such as in 202312 ($75,437 expenses vs. $59,045 revenue). This indicates a need for careful financial planning to ensure consistent stability.

How does Watermelon Ministries manage its leadership costs?

Watermelon Ministries reports 0% officer compensation in all available IRS 990 filings, meaning no salaries were paid to its officers. This suggests a highly efficient use of funds, with leadership likely serving in a volunteer capacity.

What is the trend in Watermelon Ministries' revenue and expenses?

Revenue has fluctuated, with a high of $104,713 in 202112 and a low of $39,197 in 201412. Expenses have also varied, sometimes exceeding revenue (e.g., 202312, 202212, 201412) and sometimes being lower (e.g., 202112, 202012). This indicates an inconsistent operating surplus/deficit.

Filing History

IRS 990 filing history for Watermelon Ministries showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Watermelon Ministries's revenue has grown by 0.1%, moving from $59K to $59K. Total assets increased by 1084.9% over the same period, from $7K to $85K. Total functional expenses rose by 25.2%, from $60K to $75K. In its most recent filing year (2023), Watermelon Ministries reported a deficit of $16K, with expenses exceeding revenue. The organization holds $574 in liabilities against $85K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $85K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$59K	$75K	$85K	$574	—	View 990
2022	$89K	$88K	$102K	$1K	—	—
2021	$105K	$86K	$101K	$1K	—	—
2020	$100K	$56K	$83K	$1K	—	—
2019	$69K	$64K	$39K	$1K	—	View 990
2018	$61K	$49K	$35K	$2K	—	View 990
2017	$82K	$68K	$22K	$1K	—	—
2014	$39K	$44K	$7K	$803	—	View 990
2013	$68K	$66K	$12K	$745	—	View 990
2012	$46K	$42K	$11K	$930	—	View 990
2011	$59K	$60K	$7K	$976	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $59K, expenses of $75K, and assets of $85K (revenue -33.5% year-over-year).
2022: Revenue of $89K, expenses of $88K, and assets of $102K (revenue -15.2% year-over-year).
2021: Revenue of $105K, expenses of $86K, and assets of $101K (revenue +5.2% year-over-year).
2020: Revenue of $100K, expenses of $56K, and assets of $83K (revenue +44.3% year-over-year).
2019: Revenue of $69K, expenses of $64K, and assets of $39K (revenue +12.3% year-over-year).
2018: Revenue of $61K, expenses of $49K, and assets of $35K (revenue -24.8% year-over-year).
2017: Revenue of $82K, expenses of $68K, and assets of $22K (revenue +108.3% year-over-year).
2014: Revenue of $39K, expenses of $44K, and assets of $7K (revenue -42.3% year-over-year).
2013: Revenue of $68K, expenses of $66K, and assets of $12K (revenue +49.4% year-over-year).
2012: Revenue of $46K, expenses of $42K, and assets of $11K (revenue -22.9% year-over-year).
2011: Revenue of $59K, expenses of $60K, and assets of $7K.

Data Sources and Methodology

This transparency report for Watermelon Ministries 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.