The Education Center at the Watson Institute

Analysis

The Education Center at the Watson Institute is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Education Center at the Watson Institute reported income of $23.4m and spending of $26.1m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.9m to $23.4m (+30%), an average of +6.9% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Education Center at the Watson Institute sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Heritage Christian Schools Inc ($23.4m), Brook Hill School Inc ($23.4m) and California Institute for Biodiversity ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $334k (1.3% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $47.0m against liabilities of $64.3m, net assets of -$17.2m. It reported 426 employees.