Donald R Watson Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Donald R Watson Foundation Inc is a 501(c)(3) organization based in Wilmington, North Carolina, registered in 1995, with $114,316 in FY2024 revenue. CharityIndex grades it B.
601 S College Rd, Wilmington, NC, 28403 EIN 56-1861816 Since 1995
Revenue (FY2024)
$114K
▲ 252.6% vs prior year
Education median: $200K
Expenses (FY2024)
$95K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Donald R Watson Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating206 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Donald R Watson Foundation Inc: 206 mo reserves · +17% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Donald R Watson Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Donald R Watson Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 601 S College Rd, Wilmington, NC, 28403
- City
- Wilmington
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $73K (FY2013) to $114K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $846Net assets $1.6M
Operating margin
17.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$846
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,316▲253% | $94,540▲2.1% | $1,620,522▲5.4% | $1,621,368▲5.5% | 990 |
| 2023 | $32,419▼38.1% | $92,593▼1.3% | $1,537,302▲6.7% | $1,537,302▲6.7% | 990 |
| 2022 | $52,410▼64.8% | $93,848▼4.8% | $1,440,739▲2.0% | $1,440,739▲2.0% | 990 |
| 2021 | $148,740▲88.9% | $98,620▲3.6% | $1,412,803▼20.3% | $1,412,803▼20.6% | 990 |
| 2020 | $78,755▼12.2% | $95,224▲2.3% | $1,772,911▲21.7% | $1,779,474▲22.2% | 990 |
| 2019 | $89,713▼27.2% | $93,038▼0.4% | $1,456,367▼4.5% | $1,456,367▼4.5% | 990 |
| 2018 | $123,164▲13.1% | $93,386▲0.3% | $1,525,078▼1.1% | $1,525,078▼1.1% | 990 |
| 2017 | $108,908▲39.2% | $93,142▲2.1% | $1,541,417▲1.0% | $1,541,417▲1.0% | 990 |
| 2016 | $78,212▼15.4% | $91,239▲2.3% | $1,526,446▲5.4% | $1,526,446▲5.4% | 990 |
| 2015 | $92,435▼15.3% | $89,217▼1.9% | $1,448,440▼6.0% | $1,448,440▼6.0% | 990 |
| 2014 | $109,185▲50.3% | $90,931▲2.1% | $1,540,558▼4.1% | $1,540,558▼4.1% | 990 |
| 2013 | $72,665 | $89,034▲3.3% | $1,606,396▲9.5% | $1,606,396▲9.5% | 990 |
| 2012 | — | $86,177▲3.3% | $1,466,807▲5.2% | $1,466,807▲5.2% | 990 |
| 2011 | — | $83,460▼3.7% | $1,394,651▼7.3% | $1,394,651▼7.3% | 990 |
| 2010 | — | $86,697 | $1,503,755 | $1,503,755 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Donald R Watson Foundation Inc a legitimate nonprofit?
- Yes. Donald R Watson Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1861816, based in Wilmington, North Carolina. Donations are tax-deductible.
- What is Donald R Watson Foundation Inc's EIN?
- Donald R Watson Foundation Inc's Employer Identification Number (EIN) is 56-1861816.
- How much revenue does Donald R Watson Foundation Inc report?
- Donald R Watson Foundation Inc reported $114,316 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Donald R Watson Foundation Inc have?
- CharityIndex grades Donald R Watson Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Donald R Watson Foundation Inc (EIN 56-1861816) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.