Watts College of Nursing Inc

Analysis

Watts College of Nursing Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Watts College of Nursing Inc reported income of $3.4m and spending of $3.8m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $160k to $3.4m (+1997%), an average of +176% a year. The sharpest change came in the year to June 2021, when income rose by 995%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watts College of Nursing 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 91st percentile within NC. Charities of a similar size with the same main cause include Academy of Arts and Sciences ($3.3m), Torah Ore Seminary ($3.4m) and Innovative Policy Lab ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $137k (3.7% of expenses). At year end it held assets of $253k against liabilities of $390k, net assets of -$137k.