North Carolina · Nonprofit
WATERSHED CHARLOTTE
WATERSHED CHARLOTTE (North Carolina) receives grants from 9 organizations whose IRS filings report $118,241 to it, the largest being The Bank of America Charitable Foundation Inc ($52,233). 5 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $656k
- Funders on record
- 9
- Grants received
- $118k
- Net assets
- $711k
What Watershed Charlotte does
Mission
Gathering on sundays for song, teaching and discussion, as well as in small groups during the week. Provide financial assistance to both local and global communities.
As stated on its FY2024 Form 990.
Programs
Worship furthers Watershed Charlottes mission of creating a place that evokes deep thought, reflection, and connection to god. Worship happens during sunday gatherings, where there is live music, interactive worship, and thought-provoking conversation which creates an environment for people to encounter god.
$58,355 spent71% of program spendingWatershed Charlotte partnered with tommy allgood, who does work within our local community and abroad as a spiritual healer and care director. Watershed also partnered with sacred souls: bishop tonyia rawls who leads another church in charlotte to help support their efforts. Watershed also partnered with launchpad, a non-profit that assists with church planting and coaching new pastors. All three organizations were gifted equal amounts.
$10,500 spentof which $10,500 as grants13% of program spendingGeneral generosity - Watershed Charlotte provides small gifts to various groups and individuals throughout the year. This can include groceries purchased, gift cards, or other small items for people experiencing illness, financial difficulty, or loss.
$6,774 spent8% of program spendingGrant to thanglal, Watershed Charlottes national missionary in india. Focused exclusively on helping disenfranchised muslim community in india, by providing food, housing, and after school programs.
$6,150 spentof which $6,150 as grants8% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $81,779.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.9M to $1.8M (−4%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10%. Grants only. Government contracts and fees sit inside program revenue.
91% of WATERSHED CHARLOTTE’s revenue is contributions — about as donation-reliant as the typical peer (100% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $3k → $15k.
7 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WATERSHED CHARLOTTE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WATERSHED CHARLOTTE leans on a few funders — its largest provides 44% of grant income and the top three 71%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WATERSHED CHARLOTTE.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 43% · 2021 93% · 2022 40% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of WATERSHED CHARLOTTE's funders are still giving 3 years after their first grant; 56% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
54% of WATERSHED CHARLOTTE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $54k that is directly attributable, 97% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $64k arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WATERSHED CHARLOTTE receives grants from 9 organizations whose IRS filings report $118k to it.
this organization peer median middle 50% of peers· 12,843 religion nonprofits $100k–$1M, FY2024
Organizations like WATERSHED CHARLOTTE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
13% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for WATERSHED CHARLOTTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WATERSHED CHARLOTTE?
- WATERSHED CHARLOTTE (North Carolina) receives grants from 9 organizations whose IRS filings report $118,241 to it, the largest being The Bank of America Charitable Foundation Inc ($52,233). 5 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WATERSHED CHARLOTTE have?
- IRS filings report 9 organizations giving $118,241 in grants to WATERSHED CHARLOTTE, 5 of which have funded it in more than one year.
- Who is the largest funder of WATERSHED CHARLOTTE?
- The Bank of America Charitable Foundation Inc is the largest funder on record, with $52,233 in grants. The full list of funders is on this page.
- How can an organization like WATERSHED CHARLOTTE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing