Woods Community Center Inc

Analysis

Woods Community Center Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Woods Community Center Inc reported income of $2.4m and spending of $2.6m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.4m (+27%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woods Community Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Puget Sound Amateur Icesports Association ($2.4m), Camp Lurecrest Inc ($2.4m) and USA Softball of Southern California ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $113k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.8m against liabilities of $1.6m, net assets of $4.2m. It reported 125 employees.