The Watson Institute

Analysis

The Watson Institute is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Watson Institute reported income of $10.6m and spending of $7.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.7m to $10.6m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 82%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Watson Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Spence-Chapin Services to Families and Children ($10.6m), Jewish Family & Childrens Services of Northern New Jersey Inc ($10.6m) and Urban League of Louisiana ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $132k (1.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $167.9m against liabilities of $2.2m, net assets of $165.7m. It reported 117 employees.