Woon Headstart & Day Care Center

Analysis

Woon Headstart & Day Care Center is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Woon Headstart & Day Care Center reported income of $5.5m and spending of $5.6m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.1m to $5.5m (+34%), an average of +7.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woon Headstart & Day Care Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Connection for Women and Families Inc ($5.5m), Austin Groups for the Elderly ($5.5m) and American Society for Parenteral & ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $273k (4.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $3.4m against liabilities of $803k, net assets of $2.6m. It reported 101 employees.