Watertown Foundation Inc

Analysis

Watertown Foundation Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in February 1944, 82 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Watertown Foundation Inc reported income of $474k and spending of $219k, leaving 54% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $198k to $474k (+139%), an average of +24% a year. The sharpest change came in the year to August 2022, when income rose by 68%. Over the whole period it spent 63% 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 Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include The Halaj Foundation ($474k), District 1 Hospital Emergency Planning Committee Inc ($474k) and AIDS Service Foundation of Greater Kansas City ($474k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.