Veterans Watchmaker Initiative Inc

Analysis

Veterans Watchmaker Initiative Inc is a registered charity in United States, based in Little Creek, DE. It received its IRS tax-exemption ruling in December 2012, 14 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 June 2023, Veterans Watchmaker Initiative Inc reported income of $303k and spending of $233k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $303k (-75%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 85%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veterans Watchmaker Initiative Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within DE. Charities of a similar size with the same main cause include Parent Booster USA Inc ($303k), Dare County Boat Builders Foundation ($303k) and Empowered ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.