National Watercolor Society

Analysis

National Watercolor Society is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in April 1962, 64 years ago. 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, National Watercolor Society reported income of $252k and spending of $199k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $252k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Watercolor Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include North Georgia Low Income Taxpayer Clinic Inc ($252k), Cheyenne American Legion Post Baseball Club Inc ($252k) and Maggies Mission Cafe ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Other salaries and wages came to $4,365. At year end it held assets of $903k against liabilities of $503, net assets of $902k.