Watco Charities Inc

Analysis

Watco Charities Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Watco Charities Inc reported income of $154k and spending of $154k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $154k (+9.5%), an average of +9.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Watco Charities Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include NJ Car Charitable Foundation Inc ($153k), Chinese Cancer Memorial Foundation ($154k) and Kirtland Officers Spouses Club ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,750 against liabilities of $9,750, net assets of $0.