Watershed Public Charter School Inc

Analysis

Watershed Public Charter School Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Watershed Public Charter School Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $212k to $3.3m (+1472%), an average of +99% a year. The sharpest change came in the year to June 2020, when income rose by 875%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watershed Public Charter School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Greentree Prep Charter School ($3.3m), Rotary District 5000 Foundation ($3.3m) and Friends of Valence Prep Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.3m against liabilities of $690k, net assets of $604k. It reported 2 employees.