Watkinson School

Analysis

Watkinson School is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Watkinson School reported income of $12.7m and spending of $13.4m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.1m to $12.7m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watkinson School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Nashville Classical ($12.7m), Cesar Chavez Public Charter Schools for Public Policy ($12.7m) and Dallas Seminary Foundation ($12.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $429k (3.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $19.3m against liabilities of $3.3m, net assets of $16.0m. It reported 126 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.