Watertown Mayer Education Foundation Inc

Analysis

Watertown Mayer Education Foundation Inc is a registered charity in United States, based in Watertown, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Watertown Mayer Education Foundation Inc reported income of $88k and spending of $55k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $88k (+4.5%), an average of +4.5% a year. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watertown Mayer Education Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Palmetto High School Athletic Booster Club Inc ($88k), Organization of Black Maritime College Graduates Inc ($88k) and Walton High School Cinder Club Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.