Watchdogtax Corp

Analysis

Watchdogtax Corp is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Watchdogtax Corp reported income of $193k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $196k to $193k (-1.5%), an average of -0.8% a year. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Watchdogtax Corp 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 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Kenansville Community Association Inc ($193k), Forsyth Backpack Program ($193k) and African Projects for Peace and Love Initiatives Inc NFP ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.