Watertown Community Foundation
EIN: 460350319 · Watertown, SD · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $14.9M |
| Total Expenses | $1.6M |
| Net Assets | $20.9M |
Is Watertown Community Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Watertown Community Foundation
Watertown Community Foundation (EIN: 460350319) is a nonprofit organization based in Watertown, SD, classified under NTEE code T31. The organization reported total revenue of $14.9M and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watertown Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watertown Community Foundation is a large nonprofit that has been operating for 1 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$958K |
| Total Assets | $33.3M |
| Total Liabilities | $12.4M |
| Net Assets | $20.9M |
| Operating Margin | 38.0% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 255.7 months |
Financial Health Grade: A
In 2023, Watertown Community Foundation reported a surplus of $958K with revenue exceeding expenses, holds 255.7 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Watertown Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | +4.9% | +10.7% |
| 2022 | -51.9% | -13.2% | -11.0% |
| 2021 | +227.3% | +19.4% | +28.5% |
| 2020 | +3.3% | -16.4% | +11.0% |
| 2019 | -45.0% | +63.8% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Watertown Community Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Watertown Community Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $958K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.2%.
Frequently Asked Questions about Watertown Community Foundation
Is Watertown Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Watertown Community Foundation (EIN: 460350319) insufficient data. 0 red flags identified, 0 strengths noted.
How does Watertown Community Foundation spend its money?
Detailed spending breakdown data is not yet available for Watertown Community Foundation. Check back for updated IRS 990 analysis.
Are donations to Watertown Community Foundation tax-deductible?
Watertown Community Foundation is registered as a tax-exempt nonprofit (EIN: 460350319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Watertown Community Foundation located?
Watertown Community Foundation is headquartered in Watertown, South Dakota and files with the IRS under EIN 460350319. It is classified under NTEE code T31.
How many years of IRS 990 filings does Watertown Community Foundation have?
Watertown Community Foundation 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 $14.9M in total revenue.
Filing History
IRS 990 filing history for Watertown Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watertown Community Foundation's revenue has grown by 162.1%, moving from $962K to $2.5M. Total assets increased by 254.2% over the same period, from $9.4M to $33.3M. Total functional expenses rose by 175.5%, from $567K to $1.6M. In its most recent filing year (2023), Watertown Community Foundation reported a surplus of $958K, with revenue exceeding expenses. The organization holds $12.4M in liabilities against $33.3M in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $20.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.6M | $33.3M | $12.4M | — | — |
| 2022 | $3.5M | $1.5M | $30.1M | $11.4M | — | View 990 |
| 2021 | $7.3M | $1.7M | $33.8M | $12.1M | — | View 990 |
| 2020 | $2.2M | $1.4M | $26.3M | $7.8M | — | — |
| 2019 | $2.2M | $1.7M | $23.7M | $7.0M | — | View 990 |
| 2018 | $4.0M | $1.1M | $19.9M | $5.2M | — | View 990 |
| 2017 | $2.3M | $811K | $18.9M | $4.5M | — | View 990 |
| 2016 | $1.5M | $1.4M | $16.1M | $4.0M | — | View 990 |
| 2015 | $1.2M | $910K | $15.0M | $3.1M | — | View 990 |
| 2014 | $3.4M | $940K | $15.5M | $3.0M | — | View 990 |
| 2013 | $3.2M | $557K | $13.4M | $2.0M | — | View 990 |
| 2012 | $707K | $684K | $10.1M | $1.7M | — | View 990 |
| 2011 | $962K | $567K | $9.4M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.6M, and assets of $33.3M (revenue -28.7% year-over-year).
- 2022: Revenue of $3.5M, expenses of $1.5M, and assets of $30.1M (revenue -51.9% year-over-year).
- 2021: Revenue of $7.3M, expenses of $1.7M, and assets of $33.8M (revenue +227.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.4M, and assets of $26.3M (revenue +3.3% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.7M, and assets of $23.7M (revenue -45.0% year-over-year).
- 2018: Revenue of $4.0M, expenses of $1.1M, and assets of $19.9M (revenue +73.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $811K, and assets of $18.9M (revenue +52.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $16.1M (revenue +21.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $910K, and assets of $15.0M (revenue -63.3% year-over-year).
- 2014: Revenue of $3.4M, expenses of $940K, and assets of $15.5M (revenue +5.3% year-over-year).
- 2013: Revenue of $3.2M, expenses of $557K, and assets of $13.4M (revenue +352.0% year-over-year).
- 2012: Revenue of $707K, expenses of $684K, and assets of $10.1M (revenue -26.5% year-over-year).
- 2011: Revenue of $962K, expenses of $567K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watertown Community Foundation:
Data Sources and Methodology
This transparency report for Watertown Community Foundation 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.