Mt Gilead-improve Water Association is a 501(c)(12) organization based in Columbia, Mississippi, registered in 2018, with $539,893 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$540K
▲ 27.2% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$550K
Net assets
$1.5M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mt Gilead-improve Water Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mt Gilead-improve Water Association: 32 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mt Gilead-improve Water Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mt Gilead-improve Water Association: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $724K (FY2016) to $540K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$3.3M
Total liabilities
$1.8M
Net assets
$1.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $539,893▲27.2% | $550,272▲21.3% | $1,475,408▼0.7% | $3,323,320▼1.9% | 990 |
| 2022 | $424,376▲0.8% | $453,530▼5.6% | $1,485,786▼1.9% | $3,386,291▼2.6% | 990 |
| 2021 | $421,129▲3.2% | $480,597▼6.8% | $1,514,940▼3.8% | $3,476,935▼4.0% | 990 |
| 2020 | $408,081▲5.9% | $515,929▲5.4% | $1,574,409▼6.4% | $3,621,007▼4.5% | 990 |
| 2019 | $385,320▼33.3% | $489,355▲9.7% | $1,682,247▼5.8% | $3,791,409▼3.7% | 990 |
| 2018 | $577,308▲44.4% | $446,167▲24.1% | $1,786,282▲87.9% | $3,938,212▲2.1% | 990 |
| 2017 | $399,849▼44.8% | $359,447▲5.5% | $950,880▲4.4% | $3,858,949▲36.0% | 990 |
| 2016 | $724,116 | $340,547 | $910,477 | $2,836,803 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Mt Gilead-improve Water Association (EIN 64-0755239) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.