Woodstock Time Bank

Analysis

Woodstock Time Bank is a registered charity in United States, based in Upland, PA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Woodstock Time Bank reported income of $115k and spending of $83k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $238k to $115k (-52%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodstock Time Bank sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Our Lady of Mount Carmel Conference ($115k), Jungshim Ki Energy Center ($115k) and Illinois Principals Foundation ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.