Watertown Community Foundation

Analysis

Watertown Community Foundation is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in July 2025. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watertown Community Foundation reported income of $2.5m and spending of $1.6m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 44% 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 Community Foundation 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 88th percentile, and in the 87th percentile within SD. Charities of a similar size with the same main cause include Social Enterprise Greenhouse ($2.5m), Nash Community College Foundation Inc ($2.5m) and Visiontrust International Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 4.9% of the total. Other salaries and wages came to $240k. At year end it held assets of $33.3m against liabilities of $12.4m, net assets of $20.9m. It reported 5 employees.