Watermark Health a Nonprofit Corporation

Analysis

Watermark Health a Nonprofit Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Watermark Health a Nonprofit Corporation reported income of $2.5m and spending of $1.9m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $970k to $2.5m (+158%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watermark Health a Nonprofit Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Next Step Community Solutions ($2.5m), Dream on 3 ($2.5m) and Mental Health Association of Middle Tennessee ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $968k. At year end it held assets of $2.3m against liabilities of $516k, net assets of $1.8m. It reported 25 employees.