Woodbridge Wolfpack

Analysis

Woodbridge Wolfpack is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in March 2011, 15 years ago. 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 December 2023, Woodbridge Wolfpack reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $635k to $1.9m (+193%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodbridge Wolfpack sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Vishwa Nirmala Dharma ($1.9m), Fayette County Agricultural Improvement Association ($1.9m) and Goodwill Industries Foundation of Central Iowa ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $40k (2.2% of expenses). Other salaries and wages came to $611k. At year end it held assets of $619k against liabilities of $22k, net assets of $597k.