Watauga Residental Development Corporation

Analysis

Watauga Residental Development Corporation is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in August 1987, 39 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 Residental Development Corporation reported income of $105k and spending of $82k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $256k to $105k (-59%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Watauga Residental Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Meyrow Foundation ($105k), Lees Summit Cares Inc ($105k) and Helms Hope Foundation ($104k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $190k against liabilities of $278k, net assets of -$88k.