Wooden Boat Foundation

Analysis

Wooden Boat Foundation is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Boat Foundation reported income of $557k and spending of $557k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $557k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wooden Boat Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Et Cetera Thrift Shop Inc ($557k), Darul Uloom Texas Inc ($557k) and Nea Fair Association ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 71% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.