Neck of the Woods Inc

Analysis

Neck of the Woods Inc is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Neck of the Woods Inc reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $429k to $1.2m (+169%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neck of the Woods Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within VT. Charities of a similar size with the same main cause include Indy Hunger Network ($1.2m), Alamance County Meals on Wheels Inc ($1.2m) and The Treehouse Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $61k (6.0% of expenses). Other salaries and wages came to $624k. At year end it held assets of $1.2m against liabilities of $425k, net assets of $804k. It reported 44 employees.