H2O Water of Life Ministries

What it reported doing in 2024

Our accomplishments for 2024 include: Facilitated 2 baptisms, guiding individuals through the process of faith and commitment as they made the life-changing decision to dedicate themselves to Christ. Led outreach efforts in the community, organizing and participating in initiatives designed to serve those in need, foster relationships, and share the churchs mission of faith, compassion, and support. Volunteered with youth in the community, mentoring and providing guidance through church-led programs and activities aimed at fostering spiritual growth and personal development. Expanded the H2O Academy, enhancing its curriculum and outreach to better serve the spiritual and educational needs of the church community. Implemented both internal and external improvements and upgrades within the sanctuary and throughout the church premises. Welcomed 15 new members into the church community, fostering spiritual growth and engagement through various programs and outreach efforts. Distributed over 100 bookbags to youth in the community, providing essential school supplies and supporting their educational success, while also fostering a sense of care and support from the church. Facilitated H2O 101, a ministry program offering faith-centered guidance and fostering meaningful connections for both married couples and singles. Organized and distributed Thanksgiving food boxes to support over 75 families in need. Established an ongoing volunteer and partnership initiative with Walnut Hill Elementary School to support students and staff. Collaborated with the Petersburg Police Department and served meals during a community fish fry in honor of Police Week. Engaged in volunteer service at a nursing home, facilitating bingo activities and distributing stuffed animals to residents Sponsored seven families during the Christmas season whose parent or parents were incarcerated, providing gifts and essential items. Organized and hosted regular fellowship events, including community dinners, small group discussions, and social gatherings, to strengthen relationships, promote spiritual growth, and create a supportive environment for church members. Provided assistance to both local community and individual members through services helping with basic necessities such as financial, counseling, temporary housing, food and clothing. Hosted guest speakers to enrich the congregations spiritual growth, offering diverse perspectives and teachings on faith, community service, and personal development. Mentored young girls, providing guidance, support, and leadership development through programs focused on building confidence, character, and faith.

Financial Efficiency

• Mission deployment rate: 73.3%; rating input score 73
• Program expense ratio: 80.1%; rating input score 80

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: 8.5%; rating input score 55; 55th percentile among comparable filings
• Total-asset coverage ratio: 3.75; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.66; rating input score 8; 8th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: 2.1% per year; rating input score 100; 37th percentile among comparable filings
• Revenue growth: 0.6% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 11.2% per year; rating input score 100; 64th percentile among comparable filings