Watertower West Inc

Analysis

Watertower West Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Watertower West Inc reported income of $100k and spending of $165k, spending 165% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $110k to $100k (-9.3%), an average of -3.2% a year. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watertower West Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within IN. Charities of a similar size with the same main cause include Turkey Trot Tradition Inc ($100k), Sights for Hope Endowment Foundation ($100k) and Cancer Assistance of Williams County ($99k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $1.1m against liabilities of $53k, net assets of $1.0m.

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.