Watershed Human and Community Development Agency Inc

Analysis

Watershed Human and Community Development Agency Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Watershed Human and Community Development Agency Inc reported income of $399k and spending of $471k, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $585k to $399k (-32%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Watershed Human and Community Development Agency Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within AR. Charities of a similar size with the same main cause include Philadelphia Accelerator Fund ($399k), Transform Finance Inc ($399k) and Oakwood Arts Inc ($399k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (6.4% of expenses). Other salaries and wages came to $132k. At year end it held assets of $729k against liabilities of $3,491, net assets of $726k. It reported 6 employees.