Watertown Lions Foundation Inc

Analysis

Watertown Lions Foundation Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Watertown Lions Foundation Inc reported income of $51k and spending of $28k, leaving 46% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $49k to $51k (+3.6%), an average of +3.6% a year. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Watertown Lions Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Amra 92 Foundation ($51k), Livermore Rodeo Foundation ($51k) and Vacaville Rotary Foundation ($51k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.8% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.