Wainscott Sewing Society Inc

Analysis

Wainscott Sewing Society Inc is a registered charity in United States, based in Wainscott, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Wainscott Sewing Society Inc reported income of $112k and spending of $39k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $112k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wainscott Sewing Society Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include The Ethiopian Orthodox Tewahedo Chu RCH of St Mary of Addis Alem Inc ($112k), Lawrenceville Fire Company Inc ($112k) and Habitat for Humanity International Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 7.3% of the total. At year end it held assets of $352k against liabilities of $0, net assets of $352k.