Dripping Springs Water Supply Corp

Organization Overview

Dripping Springs Water Supply Corp is located in Dripping Springs, TX. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Dripping Springs Water Supply Corp employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dripping Springs Water Supply Corp is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Dripping Springs Water Supply Corp generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FURNISH A WATER SUPPLY SERVICE FOR GENERAL FARM AND DOMESTIC PURPOSES FOR INDIVIDUALS RESIDING IN THE COMMUNITY OF DRIPPING SPRINGS, TEXAS, AND TO MAKE AND COLLECT CHARGES FOR THIS SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FURNISH A WATER SUPPLY FOR GENERAL FARM AND DOMESTIC PURPOSES FOR INDIVIDUALS RESIDING IN THE COMMUNITY OF DRIPPING SPRINGS, TEXAS, AND TO MAKE AND COLLECT CHARGES FOR THIS SERVICE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$6,665,539
Investment income $3,881
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,125
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,673,921

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