Watchfire Media Inc

Analysis

Watchfire Media Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Watchfire Media Inc reported income of $124k and spending of $146k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $234k to $124k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watchfire Media Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Wisdoms Goldenrod Ltd ($124k), Campanile Productions Inc ($124k) and Miami Valley Symphony Orchestra Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.