National Association of Watch and Clock Collectors Inc

Analysis

National Association of Watch and Clock Collectors Inc is a registered charity in United States, based in Sammamish, WA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2022, National Association of Watch and Clock Collectors Inc reported income of $2.1m and spending of $2.1m, spending 97% of its income. Across the 4 years on record, from March 2019 to March 2022, income grew from $2.1m to $2.1m (+0.5%), an average of +0.2% a year. The sharpest change came in the year to March 2020, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Watch and Clock Collectors Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Culture Aid Nola ($2.1m), Cherry Creek Arts Festival ($2.1m) and Southern Highland Handicraft Guild Inc ($2.1m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 71% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $45k (2.2% of expenses). Other salaries and wages came to $500k. At year end it held assets of $8.4m against liabilities of $332k, net assets of $8.1m. It reported 19 employees.