Watsi

Analysis

Watsi is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Watsi reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $785k to $2.2m (+185%), an average of +23% a year. The sharpest change came in the year to December 2019, when income rose by 211%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watsi sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Healing Addiction in Our Community- Hac ($2.2m), Hope Clinic for Women ($2.2m) and Charlottesville-Albemarle Rescue Squad Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $289k (15% of expenses). Other salaries and wages came to $217k. At year end it held assets of $2.4m against liabilities of $28k, net assets of $2.4m. It reported 6 employees.