International Wood Collectors Society

Analysis

International Wood Collectors Society is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in January 1951, 75 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 May 2023, International Wood Collectors Society reported income of $88k and spending of $79k, spending 90% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $54k to $88k (+63%), an average of +63% a year. The sharpest change came in the year to May 2023, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Wood Collectors Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Lafayette Historical Society Inc ($88k), Vision Leadership Foundation ($88k) and Association for Research in Metaphysics ($88k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $251k against liabilities of $265, net assets of $251k.