Wound Healing Society

Analysis

Wound Healing Society is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in September 1990, 36 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 December 2023, Wound Healing Society reported income of $511k and spending of $486k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $511k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. 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, Wound Healing Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Travelers Aid Society ($511k), Camp Wakeshma of St Joseph Co Inc ($511k) and Power and Systems Training Inc ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 61% of the total. At year end it held assets of $1.3m against liabilities of $6,042, net assets of $1.3m.