The Watson Institute Friendship Academy

Analysis

The Watson Institute Friendship Academy is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in September 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Friendship Academy reported income of $9.2m and spending of $9.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $9.2m (+13%), an average of +3.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Watson Institute Friendship Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Larc School Inc ($9.2m), Montrose Foundation Inc ($9.2m) and Montessori Regional Charter School ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $154k (1.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $15.5m against liabilities of $15.2m, net assets of $292k. It reported 119 employees.