Watertown Area United Way

Analysis

Watertown Area United Way is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in June 1970, 56 years ago. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watertown Area United Way reported income of $851k and spending of $605k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $851k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 100% 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 Area United Way sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within SD. Charities of a similar size with the same main cause include Jessye Norman School of the Arts ($850k), Community Foundation of Kankakee River Valley ($851k) and Woodward Community Foundation ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $58k. At year end it held assets of $882k against liabilities of $473k, net assets of $409k. It reported 1 employees.