Watson Canal Company
Watson Canal Company consistently operates with a surplus and zero officer compensation, growing assets to over $108,000.
EIN: 205040863 · Blackfoot, ID · NTEE: Y22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $22K |
| Program Spending | 90% |
| Net Assets | $109K |
| Transparency Score | 92/100 |
Is Watson Canal Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watson Canal Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watson Canal Company
Watson Canal Company (EIN: 205040863) is a nonprofit organization based in Blackfoot, ID, classified under NTEE code Y22. The organization reported total revenue of $47K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watson Canal Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watson Canal Company is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $22K |
| Surplus / Deficit | +$23K |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | 50.9% |
| Months of Reserves | 58.8 months |
Financial Health Grade: A
In 2023, Watson Canal Company reported a surplus of $23K with revenue exceeding expenses, holds 58.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Watson Canal Company's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | -39.9% | +26.8% |
| 2022 | +5.0% | +115.2% | +13.9% |
| 2021 | +45.2% | -71.6% | +59.1% |
| 2020 | +1.2% | +258.7% | -38.2% |
| 2019 | -6.1% | -53.3% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Watson Canal Company 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Watson Canal Company allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $23K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-driven leadership or extremely lean operational structure, which is highly efficient for an organization of this size.
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 Watson Canal Company's IRS 990 filings:
- One year (2020) had expenses significantly exceeding revenue ($60,370 expenses vs. $31,097 revenue), though this appears to be an anomaly.
Strengths
The following positive indicators were identified for Watson Canal Company:
- Consistent financial surplus in most years (e.g., $45,206 revenue vs. $22,212 expenses in 2023).
- Zero reported liabilities across all filing periods.
- Zero officer compensation, indicating a highly efficient and potentially volunteer-driven leadership.
- Steady growth in assets, from $47,347 in 2020 to $108,795 in 2023.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Watson Canal Company
Is Watson Canal Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Watson Canal Company (EIN: 205040863) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Watson Canal Company spend its money?
Watson Canal Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Watson Canal Company tax-deductible?
Watson Canal Company is registered as a tax-exempt nonprofit (EIN: 205040863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Watson Canal Company's spending goes to programs?
Watson Canal Company directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watson Canal Company compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Watson Canal Company is above average for NTEE category Y22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watson Canal Company located?
Watson Canal Company is headquartered in Blackfoot, Idaho and files with the IRS under EIN 205040863. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Watson Canal Company have?
Watson Canal Company 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 $47K in total revenue.
Is Watson Canal Company a good charity?
Based on the financial data, Watson Canal Company appears to be a very well-managed and efficient organization. It consistently operates with a surplus, has zero liabilities, and reports no officer compensation, indicating strong financial health and a focus on its mission. Its assets have also shown consistent growth.
How does Watson Canal Company manage its finances?
The company manages its finances conservatively, consistently generating more revenue than expenses in most years (e.g., $45,206 revenue vs. $22,212 expenses in 2023). It maintains zero liabilities and has grown its assets from $47,347 in 2020 to $108,795 in 2023, demonstrating sound financial stewardship.
What is the organization's spending efficiency?
Watson Canal Company exhibits high spending efficiency. For example, in 2023, expenses were only $22,212 against $45,206 in revenue. The consistent reporting of 0% officer compensation further highlights a very lean and efficient operational model.
Filing History
IRS 990 filing history for Watson Canal Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watson Canal Company's revenue has grown by 49.4%, moving from $30K to $45K. Total assets increased by 158.8% over the same period, from $42K to $109K. Total functional expenses fell by 19.9%, from $28K to $22K. In its most recent filing year (2023), Watson Canal Company reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $22K | $109K | $0 | — | — |
| 2022 | $47K | $37K | $86K | $0 | — | — |
| 2021 | $45K | $17K | $75K | $0 | — | — |
| 2020 | $31K | $60K | $47K | $0 | — | View 990 |
| 2019 | $31K | $17K | $77K | $0 | — | View 990 |
| 2018 | $33K | $36K | $63K | $0 | — | View 990 |
| 2017 | $35K | $14K | $66K | $0 | — | View 990 |
| 2016 | $39K | $37K | $45K | $0 | — | View 990 |
| 2015 | $22K | $31K | $42K | $0 | — | View 990 |
| 2014 | $30K | $27K | $51K | $0 | — | View 990 |
| 2013 | $30K | $26K | $48K | $0 | — | View 990 |
| 2012 | $27K | $26K | $44K | $0 | — | View 990 |
| 2011 | $30K | $28K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $22K, and assets of $109K (revenue -4.7% year-over-year).
- 2022: Revenue of $47K, expenses of $37K, and assets of $86K (revenue +5.0% year-over-year).
- 2021: Revenue of $45K, expenses of $17K, and assets of $75K (revenue +45.2% year-over-year).
- 2020: Revenue of $31K, expenses of $60K, and assets of $47K (revenue +1.2% year-over-year).
- 2019: Revenue of $31K, expenses of $17K, and assets of $77K (revenue -6.1% year-over-year).
- 2018: Revenue of $33K, expenses of $36K, and assets of $63K (revenue -5.9% year-over-year).
- 2017: Revenue of $35K, expenses of $14K, and assets of $66K (revenue -11.5% year-over-year).
- 2016: Revenue of $39K, expenses of $37K, and assets of $45K (revenue +78.1% year-over-year).
- 2015: Revenue of $22K, expenses of $31K, and assets of $42K (revenue -25.8% year-over-year).
- 2014: Revenue of $30K, expenses of $27K, and assets of $51K (revenue +-0.0% year-over-year).
- 2013: Revenue of $30K, expenses of $26K, and assets of $48K (revenue +9.2% year-over-year).
- 2012: Revenue of $27K, expenses of $26K, and assets of $44K (revenue -10.0% year-over-year).
- 2011: Revenue of $30K, expenses of $28K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watson Canal Company:
Data Sources and Methodology
This transparency report for Watson Canal Company 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.