Watershed High School

Analysis

Watershed High School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Watershed High School reported income of $1.0m and spending of $978k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $1.0m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watershed High School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Georgia Education Technology Consortium Inc ($1.0m), Ripon Christian Schools Foundation ($1.0m) and Joint Apprenticeship Training Committee Education Fund of Plumbe ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $174k (18% of expenses). Other salaries and wages came to $220k. At year end it held assets of $480k against liabilities of $665k, net assets of -$186k. It reported 4 employees.