WATTS LEARNING CENTER FOUNDATION INC
Mission Statement
WLC VISION The Watts Learning Center will be a world-class, child-centered K-8 Institution of Learning with strong ties to families and the community. WLC will produce high academic achievers who are self-confident, ethical, and motivated to be lifelong learners. WLC MISSION The Watts Learning Center will build on the success of Head Start and other pre-school programs by creating a culture of learning in which all stakeholders – students, parents or guardians, faculty, and staff – have clearly defined roles and expectations. The central purpose of the Watts Learning Center is to improve the quality of life in the community with a sense of urgency. WLC CORE VALUES Achievement Commitment Community Respect Acceptance Integrity
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.8% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.1% | 13.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.5% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.6 mo | 10.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
22.5% | 32.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 88.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
18.7% | 5.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
32.5% | 5.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.4% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $16.0M | $15.9M | $15.3M | 81.8% | 127 |
| 2024 | $13.5M | $12.0M | N/A | — | 130 |
| 2023 | $14.1M | $12.9M | $14.0M | 78.7% | 114 |
| 2022 | $13.5M | $12.0M | $12.8M | 78.9% | 130 |
| 2021 | $11.6M | $11.0M | N/A | — | 116 |
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