Watershed Public Theatre

Analysis

Watershed Public Theatre is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in March 2016, 10 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, Watershed Public Theatre reported income of $130k and spending of $130k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $130k (+57%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watershed Public Theatre sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Texas Orchestra Directors Association ($130k), Transylvania Community Arts Council ($130k) and We Luv Video Film and Cultural Center ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $30k against liabilities of $22k, net assets of $7,416.