Watauga Development Corporation

Analysis

Watauga Development Corporation is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Watauga Development Corporation reported income of $64k and spending of $53k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $64k (-1.3%), an average of -1.3% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watauga Development Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Dent Disease Foundation ($64k), Adenoid Cystic Carcinoma Organization International ($64k) and South Florida Proton Research Foundation Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $63k against liabilities of $120k, net assets of -$56k.