Watch Hill Lighthouse Keepers Association
Watch Hill Lighthouse Keepers Association: Strong Asset Growth, Low Program Spending
EIN: 222753629 · Westerly, RI · NTEE: A80 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $127K |
| Program Spending | 36% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Watch Hill Lighthouse Keepers Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watch Hill Lighthouse Keepers Association directs 36% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Watch Hill Lighthouse Keepers Association
Watch Hill Lighthouse Keepers Association (EIN: 222753629) is a nonprofit organization based in Westerly, RI, classified under NTEE code A80. The organization reported total revenue of $2.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watch Hill Lighthouse Keepers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watch Hill Lighthouse Keepers Association is a mid-size nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $451K |
| Total Expenses | $127K |
| Surplus / Deficit | +$324K |
| Total Assets | $1.9M |
| Total Liabilities | $800 |
| Net Assets | $1.9M |
| Operating Margin | 71.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 176.8 months |
Financial Health Grade: A
In 2023, Watch Hill Lighthouse Keepers Association reported a surplus of $324K with revenue exceeding expenses, holds 176.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Watch Hill Lighthouse Keepers Association's revenue has grown at a compound annual growth rate (CAGR) of 18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +299.1% | -16.1% | +25.2% |
| 2022 | -25.5% | +58.4% | -7.8% |
| 2021 | -12.0% | -31.2% | +16.2% |
| 2020 | +169.6% | +99.3% | +11.4% |
| 2019 | -45.4% | -23.6% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Watch Hill Lighthouse Keepers Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 36%
- programs: 36%
- fundraising: 28%
According to IRS 990 filings, Watch Hill Lighthouse Keepers Association allocates its expenses as follows: admin: 36%, programs: 36%, fundraising: 28%. Only 36% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $324K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization managing over $4 million in assets and generating substantial revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Watch Hill Lighthouse Keepers Association's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if services are entirely pro-bono, which is rare for an organization of this size.
- Program spending as a percentage of total expenses is relatively low (36% in 2023), suggesting a significant portion of funds are not directly applied to stated programs.
- The substantial increase in revenue in 2023 ($450,946) compared to previous years (e.g., $112,979 in 2022) warrants further investigation into its source and sustainability.
Strengths
The following positive indicators were identified for Watch Hill Lighthouse Keepers Association:
- The organization has demonstrated consistent and significant asset growth, from $1,067,504 in 2016 to $4,025,520 in 2023.
- The organization maintains very low liabilities, consistently reporting $800, indicating strong financial health and minimal debt.
- The mission to preserve the Watch Hill Lighthouse is clear and focused.
Frequently Asked Questions about Watch Hill Lighthouse Keepers Association
Is Watch Hill Lighthouse Keepers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Watch Hill Lighthouse Keepers Association (EIN: 222753629) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Watch Hill Lighthouse Keepers Association spend its money?
Watch Hill Lighthouse Keepers Association directs 36% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Watch Hill Lighthouse Keepers Association tax-deductible?
Watch Hill Lighthouse Keepers Association is registered as a tax-exempt nonprofit (EIN: 222753629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Watch Hill Lighthouse Keepers Association CEO make?
Watch Hill Lighthouse Keepers Association's highest-compensated officer earns $0 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Watch Hill Lighthouse Keepers Association's spending goes to programs?
Watch Hill Lighthouse Keepers Association directs 36% to programs, 28% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Watch Hill Lighthouse Keepers Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), Watch Hill Lighthouse Keepers Association is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watch Hill Lighthouse Keepers Association located?
Watch Hill Lighthouse Keepers Association is headquartered in Westerly, Rhode Island and files with the IRS under EIN 222753629. It is classified under NTEE code A80.
How many years of IRS 990 filings does Watch Hill Lighthouse Keepers Association have?
Watch Hill Lighthouse Keepers Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
What does Watch Hill Lighthouse Keepers Association do?
Watch Hill Lighthouse Keepers Association is a nonprofit organization in the Arts, Culture & Humanities sector, located in Westerly, Rhode Island. It is classified under NTEE code A80.
How much revenue does Watch Hill Lighthouse Keepers Association have?
Watch Hill Lighthouse Keepers Association reported total revenue of $2,256,906. Based on 13 IRS 990 filings on record.
What are Watch Hill Lighthouse Keepers Association's total assets?
Watch Hill Lighthouse Keepers Association holds total assets of $4,025,520 as reported in IRS 990 filings.
Where is Watch Hill Lighthouse Keepers Association located?
Watch Hill Lighthouse Keepers Association is based in Westerly, Rhode Island.
What is Watch Hill Lighthouse Keepers Association's EIN?
Watch Hill Lighthouse Keepers Association's Employer Identification Number (EIN) is 222753629. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Watch Hill Lighthouse Keepers Association?
Watch Hill Lighthouse Keepers Association is classified under NTEE code A80 (Arts, Culture & Humanities).
Is Watch Hill Lighthouse Keepers Association a registered 501(c)(3)?
Yes, Watch Hill Lighthouse Keepers Association is recognized as a tax-exempt organization by the IRS. EIN: 222753629.
Does Watch Hill Lighthouse Keepers Association file IRS Form 990?
Yes, Watch Hill Lighthouse Keepers Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Watch Hill Lighthouse Keepers Association's revenue in 2023?
In the 202312 filing period, Watch Hill Lighthouse Keepers Association reported total revenue of $450,946, total expenses of $127,116, and net assets of $1,872,376.
Is Watch Hill Lighthouse Keepers Association's revenue growing or declining?
Watch Hill Lighthouse Keepers Association's revenue is growing. Revenue went from $112,979 (202212) to $450,946 (202312), a +299.1% change. Based on 13 filings on record.
What is Watch Hill Lighthouse Keepers Association's most recent 990 filing?
The most recent IRS Form 990 filing for Watch Hill Lighthouse Keepers Association covers tax period 202312. It shows revenue of $450,946, expenses of $127,116, total assets of $1,872,376, and liabilities of $800.
How much does Watch Hill Lighthouse Keepers Association spend on programs vs administration?
Based on IRS 990 analysis, Watch Hill Lighthouse Keepers Association allocates approximately 36% of expenses to program services, 36% to administrative costs, and 28% to fundraising. Overhead costs appear high relative to program spending.
Is Watch Hill Lighthouse Keepers Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Watch Hill Lighthouse Keepers Association shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Watch Hill Lighthouse Keepers Association?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about how leadership is compensated or if services are entirely pro-bono, which is rare for an organization of this size.. Program spending as a percentage of total expenses is relatively low (36% in 2023), suggesting a significant portion of funds are not directly applied to stated programs.. The substantial increase in revenue in 2023 ($450,946) compared to previous years (e.g., $112,979 in 2022) warrants further investigation into its source and sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Watch Hill Lighthouse Keepers Association's strengths?
Positive indicators for Watch Hill Lighthouse Keepers Association include: The organization has demonstrated consistent and significant asset growth, from $1,067,504 in 2016 to $4,025,520 in 2023.. The organization maintains very low liabilities, consistently reporting $800, indicating strong financial health and minimal debt.. The mission to preserve the Watch Hill Lighthouse is clear and focused.. These findings are derived from AI analysis of the organization's financial filings.
How does Watch Hill Lighthouse Keepers Association compensate executives?
The organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization managing over $4 million in assets and generating substantial revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Watch Hill Lighthouse Keepers Association?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual for an organization with significant revenue and assets. • The financial filings show consistent liabilities of $800 (or $1600 in 2016), which is very low given the asset base. • Revenue has shown significant fluctuations, with a notable spike in 2023 to $450,946. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 executive compensation, how does the organization attract and retain qualified leadership to manage its growing assets and operations?
The filings do not provide details on how leadership is compensated or if all services are purely voluntary. This lack of reported compensation for key personnel is a significant anomaly for an organization with over $4 million in assets.
What specific factors contributed to the dramatic increase in revenue from $112,979 in 2022 to $450,946 in 2023, and is this level of funding sustainable for future operations?
The filings do not specify the source of this revenue spike. Understanding whether it's from a one-time donation, a successful fundraising campaign, or a new revenue stream is crucial for assessing future financial stability.
Filing History
IRS 990 filing history for Watch Hill Lighthouse Keepers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watch Hill Lighthouse Keepers Association's revenue has grown by 679%, moving from $58K to $451K. Total assets increased by 93.3% over the same period, from $969K to $1.9M. Total functional expenses fell by 26.7%, from $174K to $127K. In its most recent filing year (2023), Watch Hill Lighthouse Keepers Association reported a surplus of $324K, with revenue exceeding expenses. The organization holds $800 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $451K | $127K | $1.9M | $800 | — | — |
| 2022 | $113K | $151K | $1.5M | $121K | — | — |
| 2021 | $152K | $96K | $1.6M | $800 | — | View 990 |
| 2020 | $172K | $139K | $1.4M | $800 | — | — |
| 2019 | $64K | $70K | $1.3M | $800 | — | View 990 |
| 2018 | $117K | $91K | $1.1M | $800 | — | View 990 |
| 2017 | $70K | $73K | $1.1M | $800 | — | View 990 |
| 2016 | $77K | $70K | $1.1M | $2K | — | View 990 |
| 2015 | $481K | $513K | $1.0M | $2K | — | View 990 |
| 2014 | $110K | $138K | $1.1M | $2K | — | View 990 |
| 2013 | $192K | $90K | $1.1M | $2K | — | View 990 |
| 2012 | $120K | $122K | $986K | $2K | — | View 990 |
| 2011 | $58K | $174K | $969K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $451K, expenses of $127K, and assets of $1.9M (revenue +299.1% year-over-year).
- 2022: Revenue of $113K, expenses of $151K, and assets of $1.5M (revenue -25.5% year-over-year).
- 2021: Revenue of $152K, expenses of $96K, and assets of $1.6M (revenue -12.0% year-over-year).
- 2020: Revenue of $172K, expenses of $139K, and assets of $1.4M (revenue +169.6% year-over-year).
- 2019: Revenue of $64K, expenses of $70K, and assets of $1.3M (revenue -45.4% year-over-year).
- 2018: Revenue of $117K, expenses of $91K, and assets of $1.1M (revenue +67.8% year-over-year).
- 2017: Revenue of $70K, expenses of $73K, and assets of $1.1M (revenue -9.7% year-over-year).
- 2016: Revenue of $77K, expenses of $70K, and assets of $1.1M (revenue -83.9% year-over-year).
- 2015: Revenue of $481K, expenses of $513K, and assets of $1.0M (revenue +335.9% year-over-year).
- 2014: Revenue of $110K, expenses of $138K, and assets of $1.1M (revenue -42.6% year-over-year).
- 2013: Revenue of $192K, expenses of $90K, and assets of $1.1M (revenue +60.3% year-over-year).
- 2012: Revenue of $120K, expenses of $122K, and assets of $986K (revenue +107.2% year-over-year).
- 2011: Revenue of $58K, expenses of $174K, and assets of $969K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watch Hill Lighthouse Keepers Association:
Data Sources and Methodology
This transparency report for Watch Hill Lighthouse Keepers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.