Watertown Urban Mission Inc

Analysis

Watertown Urban Mission Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Watertown Urban Mission Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $1.8m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Watertown Urban Mission Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Serving Older Adults of Southeast Wisconsin Inc ($1.8m), Virtuous Inc ($1.8m) and We Are Oceania ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $77k (4.4% of expenses). Other salaries and wages came to $517k. At year end it held assets of $3.4m against liabilities of $375k, net assets of $3.0m. It reported 26 employees.