Watsonville Civic Plaza Property Owners Association

Analysis

Watsonville Civic Plaza Property Owners Association is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Watsonville Civic Plaza Property Owners Association reported income of $1.2m and spending of $684k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.2m (+66%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watsonville Civic Plaza Property Owners Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include The Domestic Violence Shelter Inc ($1.2m), Quitman County Educational Foundation Inc ($1.2m) and San Diego City College Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.6m against liabilities of $2,327, net assets of $1.6m.