Woods Promise Inc

Analysis

Woods Promise Inc is a registered charity in United States, based in Alabaster, AL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Woods Promise Inc reported income of $290k and spending of $270k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $272k to $290k (+6.3%), an average of +6.3% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woods Promise Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Childrens Learning Path Montessori School Inc ($289k), Lone Star Construction Trades Training ($290k) and Fan 4 Kids ($289k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $74k against liabilities of $10k, net assets of $64k.