Watson Family Foundation Inc

Analysis

Watson Family Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Watson Family Foundation Inc reported income of $89k and spending of $71k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $19k to $89k (+375%), an average of +118% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Watson Family Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Arc Foundation of Clinton County ($89k), Bethel Community Developmentcorporation Inc ($89k) and Worldwide Connections ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,361 against liabilities of $0, net assets of $9,361.