Watershed NP Inc

Analysis

Watershed NP Inc is a registered charity in United States, based in Buena Vista, CO. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Watershed NP Inc reported income of $1.1m and spending of $34k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $1.1m (+968%), an average of +968% a year. The sharpest change came in the year to December 2023, when income rose by 968%. Over the whole period it spent 4.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watershed NP Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Minnesota Center for Book Arts ($1.1m), Constellation Theatre Company ($1.1m) and Di Rosa Preserve ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. At year end it held assets of $1.3m against liabilities of $67k, net assets of $1.2m.