Trust B Under the Will of H C Watson Deceased

Analysis

Trust B Under the Will of H C Watson Deceased is a registered charity in United States, based in Onley, VA. It received its IRS tax-exemption ruling in June 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trust B Under the Will of H C Watson Deceased reported income of $265k and spending of $251k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $265k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trust B Under the Will of H C Watson Deceased sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($265k), New Hampshire Water Works Association Inc ($265k) and A Special Wish Foundation Inc ($265k).

Compensation of current officers, directors and key employees was $28k (11% of expenses). At year end it held assets of $6.9m against liabilities of $205k, net assets of $6.7m. It reported 1 employees.