Wealth Watchers Inc

Analysis

Wealth Watchers Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wealth Watchers Inc reported income of $12.2m and spending of $7.2m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $12.2m (+854%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 766%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wealth Watchers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include District Alliance for Safe Housing Inc ($12.1m), Innovative Student Facilities Inc ($12.2m) and Living Independently Forever Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $706k. At year end it held assets of $12.8m against liabilities of $2.2m, net assets of $10.6m. It reported 19 employees.