Woodstock Recreation Center Inc

Analysis

Woodstock Recreation Center Inc is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Woodstock Recreation Center Inc reported income of $558k and spending of $658k, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $596k to $558k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodstock Recreation Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include Monocacy Aquatic Club Inc ($558k), Southern Sudanese Community Center of San Diego ($558k) and Team Ohio Hockey Foundation Inc ($558k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $252k. At year end it held assets of $462k against liabilities of $29k, net assets of $433k. It reported 30 employees.