Watertown Main Street Program Inc

Analysis

Watertown Main Street Program Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Main Street Program Inc reported income of $96k and spending of $84k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $96k (+13%), an average of +13% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Watertown Main Street Program Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within WI. Charities of a similar size with the same main cause include Gallatin Valley Foundation for Economic Development Inc ($96k), Fund for Jobs Worth Owning Inc ($96k) and World Tang Soo Do Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 0.3% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.