Watson Clinic Foundation Inc

Analysis

Watson Clinic Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 1962, 64 years ago. 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 December 2022, Watson Clinic Foundation Inc reported income of $122k and spending of $89k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $184k to $122k (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 171% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watson Clinic Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Hope Center Inc ($122k), Samaritan Village ($122k) and Blount Library Inc ($122k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $453k against liabilities of $18k, net assets of $435k.