Watch Inc

Analysis

Watch Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Watch Inc reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $479k to $1.2m (+142%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watch Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Agriculture and Forestry Education Foundation ($1.2m), Friend to Friend ($1.2m) and Lagrange County Council on Aging Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.8% of the total. Other salaries and wages came to $750k. At year end it held assets of $978k against liabilities of $357k, net assets of $621k. It reported 17 employees.