Woodwell Climate Research Center

Analysis

Woodwell Climate Research Center is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Woodwell Climate Research Center reported income of $23.2m and spending of $23.9m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.5m to $23.2m (+49%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 142%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Woodwell Climate Research Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Seattle Opera ($23.2m), Institute of Contemporary Art ($23.2m) and Indiana Symphony Society Inc ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $2.4m (10% of expenses). Other salaries and wages came to $8.6m. It paid $61k in professional fundraising fees. At year end it held assets of $63.6m against liabilities of $3.7m, net assets of $59.9m. It reported 128 employees.