Watch Inc

Analysis

Watch Inc is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Watch Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $937k to $1.2m (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Watch Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Missoula Community Foundation ($1.2m), Circle Venture ($1.2m) and Hudson Valley Agri-Business Development Corporation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 90% of the total. Other salaries and wages came to $428k. At year end it held assets of $1.4m against liabilities of $4,580, net assets of $1.4m. It reported 30 employees.