High Watch Recovery Center Inc

Analysis

High Watch Recovery Center Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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, High Watch Recovery Center Inc reported income of $38.5m and spending of $34.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.7m to $38.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, High Watch Recovery Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include United Church Insurance Company Inc ($38.5m), Young Mens Christian Association of Snohomish County ($38.6m) and Acds Inc ($38.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.6m (4.8% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $71.0m against liabilities of $33.6m, net assets of $37.4m. It reported 324 employees.