Richard T and Judith B Watson Foundation
Only null% goes to programs Strong reserves Declining revenue
Richard T and Judith B Watson Foundation is a 501(c)(3) organization based in Cleveland, Ohio, registered in 1998, with $36,952 in FY2024 revenue. CharityIndex grades it C+.
3900 Key Center 127 Public Square, Cleveland, OH, 44114 EIN 34-1488717 Since 1998
Revenue (FY2024)
$37K
▲ 39.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$8,248
Net assets
$469K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Richard T and Judith B Watson Foundation— 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 rating683 mo reserves · +78% 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 Richard T and Judith B Watson Foundation: 683 mo reserves · +78% 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 Richard T and Judith B Watson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Richard T and Judith B Watson Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3900 Key Center 127 Public Square, Cleveland, OH, 44114
- City
- Cleveland
- State
- Ohio
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $143K (FY2015) to $37K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $469K
Operating margin
77.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$469K
Total liabilities
$0
Net assets
$469K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $36,952▲39.6% | $8,248▼52.4% | $469,386▲6.5% | $469,386▲6.5% | 990PF |
| 2023 | $26,472▲135% | $17,330▼5.7% | $440,682▲2.1% | $440,682▲2.1% | 990PF |
| 2022 | $11,285▼75.7% | $18,378▲8.4% | $431,540▼1.6% | $431,540▼1.6% | 990PF |
| 2021 | $46,484▲381% | $16,948▼53.8% | $438,633▲7.2% | $438,633▲7.2% | 990PF |
| 2020 | $9,660▲237% | $36,678▼0.6% | $409,097▼6.2% | $409,097▼6.2% | 990PF |
| 2019 | -$7,051▼121% | $36,909▲39.6% | $436,115▼9.2% | $436,115▼9.2% | 990PF |
| 2018 | $33,639▼50.5% | $26,446▼41.0% | $480,259▲2.0% | $480,259▲2.0% | 990PF |
| 2017 | $67,928▼13.2% | $44,821▼1.9% | $471,066▲5.4% | $471,066▲5.4% | 990PF |
| 2016 | $78,214▼45.3% | $45,669▼40.9% | $446,959▲7.9% | $446,959▲7.9% | 990PF |
| 2015 | $142,997 | $77,246 | $414,414 | $414,414 | 990PF |
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 Richard T and Judith B Watson Foundation a legitimate nonprofit?
- Yes. Richard T and Judith B Watson Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1488717, based in Cleveland, Ohio. Donations are tax-deductible.
- What is Richard T and Judith B Watson Foundation's EIN?
- Richard T and Judith B Watson Foundation's Employer Identification Number (EIN) is 34-1488717.
- How much revenue does Richard T and Judith B Watson Foundation report?
- Richard T and Judith B Watson Foundation reported $36,952 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard T and Judith B Watson Foundation have?
- CharityIndex grades Richard T and Judith B Watson Foundation C+, based on financial health (reserves and operating margin).
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Data for Richard T and Judith B Watson Foundation (EIN 34-1488717) 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.