Walter E & Caroline H Watson Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Walter E & Caroline H Watson Foundation is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 1965, with $607,819 in FY2024 revenue. CharityIndex grades it B.
500 1st Ave, Pittsburgh, PA, 15219 EIN 34-6547726 Since 1965
Revenue (FY2024)
$608K
▼ 21.0% vs prior year
Expenses (FY2024)
$430K
Net assets
$7.6M
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 Walter E & Caroline H 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 rating212 mo reserves · +29% 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 Walter E & Caroline H Watson Foundation: 212 mo reserves · +29% 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 Walter E & Caroline H 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 →
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 Walter E & Caroline H Watson Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 500 1st Ave, Pittsburgh, PA, 15219
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $621K (FY2013) to $608K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.6M
Operating margin
29.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.6M
Total liabilities
$0
Net assets
$7.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $607,819▼21.0% | $430,252▲18.3% | $7,583,911▲2.3% | $7,583,911▲2.3% | 990PF |
| 2023 | $769,663▲2962% | $363,623▼36.1% | $7,410,290▲5.8% | $7,410,290▲5.8% | 990PF |
| 2022 | -$26,889▼103% | $568,634▲30.4% | $7,004,893▼7.7% | $7,004,893▼7.7% | 990PF |
| 2021 | $809,414▲483% | $435,975▲1.5% | $7,591,637▲5.1% | $7,591,637▲5.1% | 990PF |
| 2020 | -$211,515▼131% | $429,738▼2.4% | $7,225,240▼8.2% | $7,225,240▼8.2% | 990PF |
| 2019 | $676,062▼29.2% | $440,287▲3.7% | $7,873,269▲3.1% | $7,873,269▲3.1% | 990PF |
| 2018 | $954,873▲504% | $424,639▲4.6% | $7,639,291▲9.2% | $7,639,291▲9.2% | 990PF |
| 2016 | $157,961▼67.9% | $405,892▼0.3% | $6,997,861▼3.4% | $6,997,861▼3.4% | 990PF |
| 2015 | $491,700▼11.0% | $406,930▲12.9% | $7,245,794▲1.2% | $7,245,794▲1.2% | 990PF |
| 2014 | $552,396▼11.1% | $360,537▼4.8% | $7,160,851▲2.7% | $7,160,851▲2.7% | 990PF |
| 2013 | $621,292 | $378,676▼21.7% | $6,970,038▲3.6% | $6,970,038▲3.6% | 990PF |
| 2012 | — | $483,686▲48.8% | $6,727,422▼3.8% | $6,727,422▼3.8% | 990PF |
| 2011 | — | $325,144▲39.2% | $6,994,976▲21.6% | $6,994,976▲21.6% | 990PF |
| 2010 | — | $233,608 | $5,753,162 | $5,753,162 | 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 Walter E & Caroline H Watson Foundation a legitimate nonprofit?
- Yes. Walter E & Caroline H Watson Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6547726, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Walter E & Caroline H Watson Foundation's EIN?
- Walter E & Caroline H Watson Foundation's Employer Identification Number (EIN) is 34-6547726.
- How much revenue does Walter E & Caroline H Watson Foundation report?
- Walter E & Caroline H Watson Foundation reported $607,819 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Walter E & Caroline H Watson Foundation have?
- CharityIndex grades Walter E & Caroline H Watson Foundation B, based on financial health (reserves and operating margin).
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Data for Walter E & Caroline H Watson Foundation (EIN 34-6547726) 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.