Watch Resources Inc

Analysis

Watch Resources Inc is a registered charity in United States, based in Sonora, CA. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Watch Resources Inc reported income of $3.0m and spending of $2.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $3.0m (-1.6%), an average of -0.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Watch Resources 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 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Thea Bowman House Inc ($3.0m), Bet Yeladim Inc ($3.0m) and Veterans Outreach of Wisconsin ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $61k (2.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.0m against liabilities of $752k, net assets of $2.2m. It reported 94 employees.