Watermark Homeschool Enrichment Inc

Analysis

Watermark Homeschool Enrichment Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2022, 4 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 2024, Watermark Homeschool Enrichment Inc reported income of $382k and spending of $308k, spending 80% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $97k to $382k (+293%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 164%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watermark Homeschool Enrichment Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Oakland Digital Arts and Literacy Center Inc ($382k), Hands Up Inc ($382k) and Cambridge Nursery School Inc ($382k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Other salaries and wages came to $69k. At year end it held assets of $162k against liabilities of $995, net assets of $161k. It reported 2 employees.