Watts of Love

Analysis

Watts of Love is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Watts of Love reported income of $2.4m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $1.6m to $2.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Watts of Love sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Junior Achievement of South Central Pennsylvania ($2.4m), Aid for Starving Children ($2.4m) and We Charity ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $116k (5.8% of expenses). Other salaries and wages came to $518k. At year end it held assets of $1.5m against liabilities of $31k, net assets of $1.4m. It reported 15 employees.