Watson Caring Science Institute

Analysis

Watson Caring Science Institute is a registered charity in United States, based in Deerfield Beach, FL. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover science and technology, 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 December 2023, Watson Caring Science Institute reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watson Caring Science Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Versa-Style Dance Company ($1.2m), Friends of Villa Aurora & Thomas Mann House Inc ($1.2m) and Pilgrim Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $120k (9.7% of expenses). Other salaries and wages came to $70k. At year end it held assets of $565k against liabilities of $191k, net assets of $374k. It reported 5 employees.