Woodside Vaulters Inc

Analysis

Woodside Vaulters Inc is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in August 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Woodside Vaulters Inc reported income of $397k and spending of $398k, spending 100% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $177k to $397k (+125%), an average of +31% a year. The sharpest change came in the year to September 2023, when income rose by 55%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodside Vaulters Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Old Line Football Club ($397k), City Island Rowing ($397k) and Saugerties Youth Hockey Association Incorporated ($397k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $84k. At year end it held assets of $53k against liabilities of $65k, net assets of -$11k.