Wolfeboro Area Recreation Association

Analysis

Wolfeboro Area Recreation Association is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Wolfeboro Area Recreation Association reported income of $796k and spending of $383k, leaving 52% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $508k to $796k (+57%), an average of +16% a year. The sharpest change came in the year to March 2021, when income rose by 52%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wolfeboro Area Recreation Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include LPS of USA Inc ($796k), Relational Discipleship Network Inc ($797k) and Help a Neighbor Inc ($796k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 67% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $74k (19% of expenses). Other salaries and wages came to $55k. At year end it held assets of $7.0m against liabilities of $5,641, net assets of $7.0m. It reported 6 employees.