Greater Watertown Community Health Foundation Inc

Analysis

Greater Watertown Community Health Foundation Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Greater Watertown Community Health Foundation Inc reported income of $26.3m and spending of $26.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.1m to $26.3m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to September 2022, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Watertown Community Health Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include The Blood Center ($26.3m), Thrive Behavioral Health Inc ($26.3m) and Centro Ararat Inc ($26.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $458k (1.7% of expenses). Other salaries and wages came to $601k. At year end it held assets of $115.5m against liabilities of $18.8m, net assets of $96.7m. It reported 14 employees.