Watertown Family Center Inc

Analysis

Watertown Family Center Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Watertown Family Center Inc reported income of $349k and spending of $272k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $349k (+121%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Watertown Family Center Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include LA Clinica Del Pueblo ($349k), Happyfeatorg of Georgia Inc ($349k) and Yfb Foundation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $70k (26% of expenses). Other salaries and wages came to $119k. At year end it held assets of $105k against liabilities of $4,108, net assets of $101k. It reported 7 employees.