Watts 2 Boston Foundation

Analysis

Watts 2 Boston Foundation is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Watts 2 Boston Foundation reported income of $315k and spending of $247k, leaving 22% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $149k to $315k (+112%), an average of +112% a year. The sharpest change came in the year to March 2024, when income rose by 112%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Watts 2 Boston Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Mewater Foundation Incorporated ($315k), Stafford Junction Inc ($315k) and Osceola County 4-H & Ffa Fair ($315k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. It paid $5,146 in professional fundraising fees. At year end it held assets of $131k against liabilities of $17k, net assets of $114k.