Watts Learning Center Foundation Inc

Analysis

Watts Learning Center Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Watts Learning Center Foundation Inc reported income of $14.1m and spending of $12.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $14.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watts Learning Center Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Allegiance Steam Academy Inc ($14.1m), Options for Youth-Victor Valley Inc ($14.1m) and Rochester School of the Holy Childhood Inc ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $188k (1.5% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $21.1m against liabilities of $7.1m, net assets of $14.0m. It reported 114 employees.