The Tom Wathen Center

Analysis

The Tom Wathen Center is a registered charity in United States, based in Jurupa Valley, CA. It received its IRS tax-exemption ruling in July 2018, 8 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Tom Wathen Center reported income of $9.9m and spending of $2.2m, leaving 78% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.3m to $9.9m (+87%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 528%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Tom Wathen Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Porter County Government Charitable Nonprofit Foundation Inc ($9.8m), United Jewish Charities of Greater Charlotte Inc ($9.9m) and Rodef Chesed ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Other salaries and wages came to $660k. At year end it held assets of $41.7m against liabilities of $207k, net assets of $41.5m. It reported 13 employees.