Watertown Area Community Foundation

Analysis

Watertown Area Community Foundation is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Watertown Area Community Foundation reported income of $1.9m and spending of $569k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 379%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Watertown Area Community Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Penn-Mar Foundation ($1.9m), San Diego Police Officers Association Foundation ($1.9m) and Hedge Funds Care Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $13.8m against liabilities of $2.5m, net assets of $11.3m.