Portland Widows Wood Society

Analysis

Portland Widows Wood Society is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Portland Widows Wood Society reported income of $1.3m and spending of $55k, leaving 96% of income unspent that year. Across the 4 years on record, from October 2019 to October 2023, income grew from $48k to $1.3m (+2650%), an average of +202% a year. The sharpest change came in the year to October 2023, when income rose by 1175%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Portland Widows Wood Society sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Southside Childrens Center ($1.3m), Children & Family Circle of Sonoma County ($1.3m) and Destination Education Family Services ($1.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.