Watch Hill Improvement Society

Analysis

Watch Hill Improvement Society is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in February 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Watch Hill Improvement Society reported income of $98k and spending of $89k, spending 92% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $57k to $98k (+71%), an average of +20% a year. The sharpest change came in the year to April 2023, when income rose by 209%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watch Hill Improvement Society sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include Big Island Rendezvous and Festival Inc ($98k), Studio Del Creador ($98k) and T1d Exchange Inc ($98k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.