Watershed Center For The Ceramic Arts Incorporated
Watershed Center For The Ceramic Arts shows strong asset growth and no reported officer compensation.
EIN: 10427824 · Edgecomb, ME · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $889K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.2M |
| Transparency Score | 92/100 |
Is Watershed Center For The Ceramic Arts Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watershed Center For The Ceramic Arts Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watershed Center For The Ceramic Arts Incorporated
Watershed Center For The Ceramic Arts Incorporated (EIN: 10427824) is a nonprofit organization based in Edgecomb, ME, classified under NTEE code A400. The organization reported total revenue of $1.6M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watershed Center For The Ceramic Arts Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watershed Center For The Ceramic Arts Incorporated is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $889K |
| Surplus / Deficit | +$508K |
| Total Assets | $8.9M |
| Total Liabilities | $678K |
| Net Assets | $8.2M |
| Operating Margin | 36.4% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 120.5 months |
Financial Health Grade: A
In 2023, Watershed Center For The Ceramic Arts Incorporated reported a surplus of $508K with revenue exceeding expenses, holds 120.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Watershed Center For The Ceramic Arts Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.6% | -4.9% | +12.3% |
| 2022 | +2.7% | +31.0% | -2.7% |
| 2021 | +100.3% | +56.5% | +71.4% |
| 2020 | +312.3% | -16.2% | +68.5% |
| 2019 | -50.0% | +4.0% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Watershed Center For The Ceramic Arts Incorporated with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Watershed Center For The Ceramic Arts Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $508K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with assets exceeding $8 million and annual revenues often in the millions.
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 Watershed Center For The Ceramic Arts Incorporated's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $4.1M in 2022 to $1.3M in 2023) could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Watershed Center For The Ceramic Arts Incorporated:
- Consistent and substantial asset growth, from $1.1M in 2014 to $8.9M in 2023.
- Zero reported officer compensation across all filings, indicating high financial prudence.
- Expenses consistently well below revenue in most years, leading to healthy surpluses.
- Strong financial health with a low liabilities-to-assets ratio (e.g., $677,550 liabilities vs. $8,921,743 assets in 2023).
Frequently Asked Questions about Watershed Center For The Ceramic Arts Incorporated
Is Watershed Center For The Ceramic Arts Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Watershed Center For The Ceramic Arts Incorporated (EIN: 10427824) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Watershed Center For The Ceramic Arts Incorporated spend its money?
Watershed Center For The Ceramic Arts Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Watershed Center For The Ceramic Arts Incorporated tax-deductible?
Watershed Center For The Ceramic Arts Incorporated is registered as a tax-exempt nonprofit (EIN: 10427824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Watershed Center For The Ceramic Arts Incorporated CEO make?
Watershed Center For The Ceramic Arts Incorporated's highest-compensated officer earns $8 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Watershed Center For The Ceramic Arts Incorporated's spending goes to programs?
Watershed Center For The Ceramic Arts Incorporated directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watershed Center For The Ceramic Arts Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Watershed Center For The Ceramic Arts Incorporated is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watershed Center For The Ceramic Arts Incorporated located?
Watershed Center For The Ceramic Arts Incorporated is headquartered in Edgecomb, Maine and files with the IRS under EIN 10427824. It is classified under NTEE code A400.
How many years of IRS 990 filings does Watershed Center For The Ceramic Arts Incorporated have?
Watershed Center For The Ceramic Arts Incorporated 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 $1.6M in total revenue.
Is Watershed Center For The Ceramic Arts Incorporated financially stable?
Yes, the organization is financially stable, demonstrating consistent asset growth from $1,143,108 in 2014 to $8,921,743 in 2023, and generally maintaining expenses well below revenue.
How efficient is Watershed Center For The Ceramic Arts with its spending?
The organization appears highly efficient, consistently generating significant surpluses (e.g., $1,396,825 revenue vs. $888,598 expenses in 2023) and reporting 0% officer compensation, suggesting resources are primarily directed to its mission.
What is the trend in the organization's revenue?
Revenue has shown significant fluctuations, with peaks of over $4 million in 2021 and 2022, followed by a decrease to $1,396,825 in 2023, but generally trending upwards over the decade.
Filing History
IRS 990 filing history for Watershed Center For The Ceramic Arts Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watershed Center For The Ceramic Arts Incorporated's revenue has grown by 354.5%, moving from $307K to $1.4M. Total assets increased by 691.3% over the same period, from $1.1M to $8.9M. Total functional expenses rose by 233.6%, from $266K to $889K. In its most recent filing year (2023), Watershed Center For The Ceramic Arts Incorporated reported a surplus of $508K, with revenue exceeding expenses. The organization holds $678K in liabilities against $8.9M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $889K | $8.9M | $678K | — | — |
| 2022 | $4.2M | $935K | $7.9M | $246K | — | View 990 |
| 2021 | $4.1M | $714K | $8.2M | $557K | — | View 990 |
| 2020 | $2.0M | $456K | $4.8M | $477K | — | — |
| 2019 | $493K | $544K | $2.8M | $79K | — | View 990 |
| 2018 | $985K | $523K | $2.8M | $39K | — | View 990 |
| 2017 | $2.0M | $591K | $2.4M | $110K | — | View 990 |
| 2016 | $491K | $513K | $1.1M | $152K | — | View 990 |
| 2015 | $353K | $368K | $1.2M | $254K | — | View 990 |
| 2014 | $351K | $373K | $1.1M | $140K | — | View 990 |
| 2013 | $362K | $350K | $1.1M | $63K | — | View 990 |
| 2012 | $514K | $354K | $1.3M | $15K | — | View 990 |
| 2011 | $307K | $266K | $1.1M | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $889K, and assets of $8.9M (revenue -66.6% year-over-year).
- 2022: Revenue of $4.2M, expenses of $935K, and assets of $7.9M (revenue +2.7% year-over-year).
- 2021: Revenue of $4.1M, expenses of $714K, and assets of $8.2M (revenue +100.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $456K, and assets of $4.8M (revenue +312.3% year-over-year).
- 2019: Revenue of $493K, expenses of $544K, and assets of $2.8M (revenue -50.0% year-over-year).
- 2018: Revenue of $985K, expenses of $523K, and assets of $2.8M (revenue -49.6% year-over-year).
- 2017: Revenue of $2.0M, expenses of $591K, and assets of $2.4M (revenue +297.6% year-over-year).
- 2016: Revenue of $491K, expenses of $513K, and assets of $1.1M (revenue +39.1% year-over-year).
- 2015: Revenue of $353K, expenses of $368K, and assets of $1.2M (revenue +0.8% year-over-year).
- 2014: Revenue of $351K, expenses of $373K, and assets of $1.1M (revenue -3.3% year-over-year).
- 2013: Revenue of $362K, expenses of $350K, and assets of $1.1M (revenue -29.5% year-over-year).
- 2012: Revenue of $514K, expenses of $354K, and assets of $1.3M (revenue +67.2% year-over-year).
- 2011: Revenue of $307K, expenses of $266K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watershed Center For The Ceramic Arts Incorporated:
Data Sources and Methodology
This transparency report for Watershed Center For The Ceramic Arts Incorporated 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.