Thermic Mutual Water Company Ltd
Public records raise at least one point you should look into before giving.
What it says it does
PURPOSE OF THE COMPANY IS TO SUPPLY WATER AND MAINTAIN A WATER SUPPLY FOR ITS SHAREHOLDERS. THIS INCLUDES THE PAYMENT OF OPERATING COSTS AND CAPITAL ADDITIONS. THE FUNDS ASSESSED MEMBERS ARE FOR CAPITAL IMPROVEMENTS AND TO COVER THE COST OF MAINTAINING THE WATER SUPPLY SYSTEM. ALL FUNDS ARE RESTRICTED TO USE FOR THE INTENDED PURPOSE.
- Income
- $229,066
- Spending
- $392,242
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. 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)
- THE COMPANY CONTINUES TO SUPPLY AND MAINTAIN A WATER SUPPLY SYSTEM TO ITS SHAREHOLDERS. WATER IS PROVIDED TO SHAREHOLDERS WHO ARE BILLED FOR THEIR WATER USAGE. THE COMPANY PAYS FOR ALL OPERATING COSTS AND CAPITAL ADDITIONS NECESSARY TO PROVIDE WATER TO SHAREHOLDERS AND MAINTAINS THE WATER DISTRIBUTION SYSTEM. THE FUNDS ASSESSED MEMBERS ARE FOR CAPITAL IMPROVEMENTS AND TO COVER THE COST OF MAINTAINING THE WATER SUPPLY SYSTEM. ALL FUNDS ARE RESTRICTED TO USE FOR THE INTENDED PURPOSE. THE AMOUNTS BILLED TO SHAREHOLDERS FOR WATER USAGE IS CONSIDERED PROGRAM SERVICE REVENUE.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(12) benevolent life insurance association or utility cooperative.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(12) benevolent life insurance association or utility cooperative as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1934.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.