Woods Project Inc

Analysis

Woods Project Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Woods Project Inc reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $713k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 128%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woods Project Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Nordic Spirit Soccer Club Inc ($1.1m), Team Gilboa Ski Club of Minnesota ($1.1m) and New Orleans Recreation Development Foundation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $466k. At year end it held assets of $1.1m against liabilities of $30k, net assets of $1.0m. It reported 7 employees.