Justin J Watt Foundation

Analysis

Justin J Watt Foundation is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Justin J Watt Foundation reported income of $625k and spending of $296k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.6m to $625k (-61%), an average of -21% a year. The sharpest change came in the year to June 2023, when income rose by 669%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Justin J Watt Foundation 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 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Cleveland Alliance Soccer Association ($625k), Friends of Port Rowing Inc ($625k) and Northern Nevada Sports and Recreation ($625k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $25k (8.4% of expenses). Other salaries and wages came to $2,536. At year end it held assets of $2.1m against liabilities of $9,320, net assets of $2.1m. It reported 2 employees.