Raymond a Wood Foundation Inc

Analysis

Raymond a Wood Foundation Inc is a registered charity in United States, based in Ocean City, MD. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Raymond a Wood Foundation Inc reported income of $345k and spending of $503k, spending 146% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $380k to $345k (-9.4%), an average of -9.4% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Raymond a Wood Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Pregnancy Resource Center Inc ($344k), Sahaita Inc ($345k) and Verity Inc ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 117% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $48k (9.5% of expenses). Other salaries and wages came to $65k. At year end it held assets of $221k against liabilities of $491, net assets of $221k. It reported 2 employees.