The Watershed Center Inc

Analysis

The Watershed Center Inc is a registered charity in United States, based in Millerton, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Watershed Center Inc reported income of $564k and spending of $629k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $564k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Watershed Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Foresight Foundation for Economic Equity ($564k), Waipahu Community Association ($564k) and Communicare Industries Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $215k. At year end it held assets of $1.2m against liabilities of $952k, net assets of $258k. It reported 9 employees.