Parents of Watts Working with Youth and Adults

Analysis

Parents of Watts Working with Youth and Adults is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Parents of Watts Working with Youth and Adults reported income of $298k and spending of $190k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $298k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parents of Watts Working with Youth and Adults sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Beartooth Billings Clinic ($298k), Community Foundation of Eastalabama Inc ($298k) and Steam Onward Incorporated ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.