Bartlett Woods Inc

Analysis

Bartlett Woods Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Bartlett Woods Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bartlett Woods Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Saginaw-Shiawassee Habitat for Humanity ($2.7m), Friends of Middlesex Fells Reservation Inc ($2.7m) and Habitat for Humanity International Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $155k (5.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.6m against liabilities of $5.5m, net assets of $85k. It reported 50 employees.