Team Woofgang & Co Inc

Analysis

Team Woofgang & Co Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Team Woofgang & Co Inc reported income of $495k and spending of $457k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $224k to $495k (+120%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Team Woofgang & Co Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include New Mexico Caregivers Coalition ($495k), Toolbank USA Inc ($495k) and Southwest Laborers Training and Apprenticeship Fund ($495k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $69k (15% of expenses). Other salaries and wages came to $230k. At year end it held assets of $592k against liabilities of $53k, net assets of $538k. It reported 14 employees.