Wood Island Life Saving Station Association

Analysis

Wood Island Life Saving Station Association is a registered charity in United States, based in Kittery Point, ME. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Wood Island Life Saving Station Association reported income of $764k and spending of $835k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $764k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wood Island Life Saving Station Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Actai Global ($763k), Northeast Recycling Council ($765k) and Klehm Arboretum and Botanic Garden Inc ($762k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $45k against liabilities of $50k, net assets of -$5,469.