Waldo County Woodshed

Analysis

Waldo County Woodshed is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Waldo County Woodshed reported income of $99k and spending of $56k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $99k (+0.0%), an average of +0.0% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waldo County Woodshed sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 29th percentile within ME. Charities of a similar size with the same main cause include Next Gen Services Inc ($99k), Rotary International Mid South Pets ($99k) and Another Chance of Ohio ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $26k, net assets of $96k.