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Deep Waters Academy

EIN 85-3670476 · Houston, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair67 out of 100GovernanceWeak46 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE PARTNER WITH FAMILIES TO GUIDE STUDENTS TO LEARN TO LOVE WHAT IS GOOD, TRUE AND BEAUTIFUL ACCORDING TO THE GOSPEL VALUES OF JESUS CHRIST.

Income
$265,042
Spending
$280,801
Spent on programs
88%
Reserves
3.9 months of spending
Largest source of income
fees for its services, 89%
Employees
22
Volunteers
15
Highest pay
$24,410, vice-president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 67 out of 100. Higher than 34% of charities in its peer group (education, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

  • Income trend

    15 of 15

    Income rose 38% on the year before.

  • Spending floor

    8 of 15

    88% of spending went to programs and raising each dollar of donations cost 37 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 46 out of 100. Higher than 14% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $248,312 spent. DEEP WATERS ACADEMY (DWA) IS A UNIVERSITY-MODEL SCHOOL INCORPORATED IN THE STATE OF TEXAS AS OF THE FALL 2020 WITH A PRIMARY PURPOSE OF EDUCATION. FOR THE FISCAL YEAR BEGINNING JULY 1, 2024 AND ENDING JUNE 30, 2025, DWA HAD 70 STUDENTS AND 18 EMPLOYEES. THE SCHOOL CONTAINS STUDENTS FROM GRADES KINDERGARTEN-EIGHT AND PROVIDES INSTRUCTION IN THE FOLLOWING SUBJECTS: MATH, READING & WRITING, ENGLISH, HISTORY, SCIENCE, MUSIC, AND ART. DWA IS A UNIVERSITY-MODEL SCHOOL, MEANING IT MEETS TWICE PER WEEK ON THE MAIN CAMPUS, LOCATED AT 770 PINELOCH DR, HOUSTON, TX 77062, AND THREE TIMES PER WEEK AT THE SATELLITE (HOME) CAMPUS. WHILE ON THE MAIN CAMPUS STUDENTS ARE INSTRUCTED BY QUALIFIED TEACHERS WHOM UNDERGO A BACKGROUND CHECK AND FORMAL INTERVIEW PROCESS. AT HOME, THE ACADEMIC INSTRUCTION WILL CONTINUE UNDER THE SUPERVISION OF THE CHILD'S PARENT(S) OR GUARDIAN(S), CREATING A PARTNERSHIP BETWEEN SCHOOL AND FAMILY. OPERATING REVENUES AND PRIVATE DONATIONS FUND 100% OF THE OPERATING EXPENSES SUCH AS: TEACHER/STAFF PAYROLL, DUES & SUBSCRIPTIONS, FACILITIES COSTS, AND GENERAL AND ADMINISTRATIVE EXPENSES. DWA'S PURPOSE IS TO EDUCATE ADOLESCENT MINDS, TEACHING THEM TO LEARN AND LOVE WHAT IS GOOD, TRUE, AND BEAUTIFUL.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.