Watson

Analysis

Watson is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Watson reported income of $3.2m and spending of $2.4m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $448k to $3.2m (+605%), an average of +63% a year. The sharpest change came in the year to June 2020, when income rose by 214%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Watson sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include MN Fundraising Initiative ($3.2m), Boys & Girls Club of Greater Holland ($3.2m) and Rays Baseball Foundation Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $154k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $27k, net assets of $1.6m. It reported 23 employees.