Watershed School Inc

Analysis

Watershed School Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Watershed School Inc reported income of $5.9m and spending of $3.6m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.9m (+110%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watershed School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Communities in Schools of El Paso Inc ($5.9m), Goethe International Charter Schools ($5.9m) and Healdsburg School ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $222k (6.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.8m against liabilities of $6.4m, net assets of $5.4m. It reported 47 employees.