Watertown Historical Society

Analysis

Watertown Historical Society is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watertown Historical Society reported income of $224k and spending of $97k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $224k (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 697%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watertown Historical Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Jasper Band Parents Inc ($224k), Meals on Wheels of Arlington ($224k) and North County Youth Soccer Association ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 6 employees.