Watershed Center for the Ceramic Arts Incorporated

Analysis

Watershed Center for the Ceramic Arts Incorporated is a registered charity in United States, based in Edgecomb, ME. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watershed Center for the Ceramic Arts Incorporated reported income of $1.4m and spending of $889k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $1.4m (+184%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watershed Center for the Ceramic Arts Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Echo Theater Company ($1.4m), Rochester Community TV Inc ($1.4m) and Odyssey Dance Theatre ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $55k (6.1% of expenses). Other salaries and wages came to $312k. At year end it held assets of $8.9m against liabilities of $678k, net assets of $8.2m. It reported 21 employees.