Woolman Hill Inc

Analysis

Woolman Hill Inc is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in June 1956, 70 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Woolman Hill Inc reported income of $342k and spending of $254k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $772k to $342k (-56%), an average of -18% a year. The sharpest change came in the year to September 2021, when income rose by 103%. Over the whole period it spent 45% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Woolman Hill Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Catholic Shrine Pilgrimage Inc ($342k), Catholic Action for Faith Andfamily ($342k) and Aharon Sofer Memorial Fund Inc ($342k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). Other salaries and wages came to $27k. It paid $3,048 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $40k, net assets of $1.9m. It reported 3 employees.