The William R Watts Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
The William R Watts Foundation Inc is a 501(c)(3) organization based in Ft Lauderdale, Florida, registered in 1981, with $955,661 in FY2024 revenue. CharityIndex grades it D.
Po Box 39238, Ft Lauderdale, FL, 33339 EIN 59-1971220 Since 1981
Revenue (FY2024)
$956K
▼ 68.9% vs prior year
Expenses (FY2024)
$1.4M
Net assets
$27.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 The William R Watts 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 →
DFinancial health25% of the rating242 mo reserves · -42% 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 The William R Watts Foundation Inc: 242 mo reserves · -42% margin earns a D 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 The William R Watts 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 →
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 The William R Watts Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 39238, Ft Lauderdale, FL, 33339
- City
- Ft Lauderdale
- State
- Florida
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $380K (FY2015) to $956K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $59KNet assets $27.3M
Operating margin
-41.6%
Spent more than it raised in the latest fiscal year.
Total assets
$27.4M
Total liabilities
$59K
Net assets
$27.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $955,661▼68.9% | $1,353,683▲0.2% | $27,293,444▲5.7% | $27,352,408▲5.8% | 990PF |
| 2023 | $3,069,304▲341% | $1,350,363▲1.0% | $25,823,367▲16.4% | $25,863,559▲16.5% | 990PF |
| 2022 | $696,001▼33.5% | $1,337,596▲0.3% | $22,188,835▼0.7% | $22,196,364▼0.8% | 990PF |
| 2021 | $1,047,284▼69.6% | $1,333,796▼7.1% | $22,354,086▼17.5% | $22,365,840▼17.7% | 990PF |
| 2020 | $3,446,324▲172% | $1,435,665▲11.3% | $27,088,490▲19.9% | $27,170,060▲20.1% | 990PF |
| 2019 | $1,264,949▼24.0% | $1,290,095▼0.7% | $22,592,446▼1.5% | $22,620,482▼1.5% | 990PF |
| 2018 | $1,665,407▲12.3% | $1,299,198▲0.4% | $22,928,544▲2.6% | $22,963,064▲2.6% | 990PF |
| 2017 | $1,482,450▲382% | $1,293,452▼2.6% | $22,344,162▼6.4% | $22,385,458▼6.4% | 990PF |
| 2016 | $307,371▼19.0% | $1,327,715▲1.8% | $23,867,695▲10.2% | $23,919,538▲10.3% | 990PF |
| 2015 | $379,512 | $1,303,954 | $21,656,246 | $21,679,618 | 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.
Frequently asked questions
- Is The William R Watts Foundation Inc a legitimate nonprofit?
- Yes. The William R Watts Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-1971220, based in Ft Lauderdale, Florida. Donations are tax-deductible.
- What is The William R Watts Foundation Inc's EIN?
- The William R Watts Foundation Inc's Employer Identification Number (EIN) is 59-1971220.
- How much revenue does The William R Watts Foundation Inc report?
- The William R Watts Foundation Inc reported $955,661 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The William R Watts Foundation Inc have?
- CharityIndex grades The William R Watts Foundation Inc D, based on financial health (reserves and operating margin).
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Data for The William R Watts Foundation Inc (EIN 59-1971220) 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.