Woburn Host Lions Charities Inc

Analysis

Woburn Host Lions Charities Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Woburn Host Lions Charities Inc reported income of $196k and spending of $183k, spending 94% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $158k to $196k (+24%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Woburn Host Lions Charities Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Foodworks Alliance LLC ($195k), Lawrence County Coalition ($196k) and Society of Saint Vincent Depaul Taunton District Inc ($195k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $43k against liabilities of $379, net assets of $43k.