Wooden It Be Lovely

Analysis

Wooden It Be Lovely is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in January 2021, 5 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 December 2023, Wooden It Be Lovely reported income of $777k and spending of $540k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $777k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wooden It Be Lovely sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Society of Women Engineers Endowment Fund Inc ($777k), Children Center Campus ($777k) and Alamance Dream Center Inc ($777k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 24% of the total. Other salaries and wages came to $307k. At year end it held assets of $1.1m against liabilities of $47k, net assets of $1.1m. It reported 5 employees.