Watertown Concert Association

Analysis

Watertown Concert Association is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Watertown Concert Association reported income of $121k and spending of $91k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $54k to $121k (+124%), an average of +124% a year. The sharpest change came in the year to June 2024, when income rose by 124%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watertown Concert Association sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within SD. Charities of a similar size with the same main cause include Calidanza Dance Company ($121k), South Florida Friends of Classical Music ($121k) and Knights of the Symphony ($121k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.