Wood College
EIN: 640303094 · Jackson, MS · NTEE: B42Z
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $26K |
| Net Assets | $753K |
Is Wood College Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wood College
Wood College (EIN: 640303094) is a nonprofit organization based in Jackson, MS, classified under NTEE code B42Z. The organization reported total revenue of $5K and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood College is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $26K |
| Surplus / Deficit | $-17,227 |
| Total Assets | $753K |
| Net Assets | $753K |
| Operating Margin | -196.0% |
| Months of Reserves | 347.5 months |
Financial Health Grade: B
In 2023, Wood College reported a deficit of $17K with expenses exceeding revenue, holds 347.5 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +195.1% | -51.5% | +9.9% |
| 2022 | -73.4% | +99.7% | -19.4% |
| 2021 | -47.9% | +7.5% | +3.3% |
| 2020 | +3.7% | -16.2% | -0.4% |
| 2019 | -47.9% | +4.9% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wood College has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wood College with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
Frequently Asked Questions about Wood College
Is Wood College a legitimate charity?
Wood College (EIN: 640303094) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $5K. No red flags identified. Financial health grade: B.
How does Wood College spend its money?
Wood College reported $5K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wood College tax-deductible?
Wood College is registered as a tax-exempt nonprofit (EIN: 640303094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wood College located?
Wood College is headquartered in Jackson, Mississippi and files with the IRS under EIN 640303094. It is classified under NTEE code B42Z.
How many years of IRS 990 filings does Wood College have?
Wood College has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5K in total revenue.
Filing History
IRS 990 filing history for Wood College showing financial trends over 13 years of public records:
Total assets decreased by 10.4% over the same period, from $841K to $753K. Total functional expenses rose by 233.7%, from $8K to $26K. In its most recent filing year (2023), Wood College reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $26K | $753K | $0 | — | — |
| 2022 | $3K | $54K | $685K | $0 | — | — |
| 2021 | $11K | $27K | $851K | $0 | — | — |
| 2020 | $21K | $25K | $824K | $0 | — | View 990 |
| 2019 | $21K | $30K | $827K | $0 | — | View 990 |
| 2018 | $40K | $28K | $836K | $0 | — | View 990 |
| 2017 | $11K | $3K | $856K | $17K | — | View 990 |
| 2016 | $4K | $3K | $856K | $25K | — | View 990 |
| 2015 | $8K | $14K | $862K | $22K | — | View 990 |
| 2014 | $7K | $3K | $856K | $10K | — | View 990 |
| 2013 | $7K | $3K | $860K | $18K | — | View 990 |
| 2012 | $8K | $8K | $853K | $15K | — | View 990 |
| 2011 | $-27,007 | $8K | $841K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $26K, and assets of $753K (revenue +195.1% year-over-year).
- 2022: Revenue of $3K, expenses of $54K, and assets of $685K (revenue -73.4% year-over-year).
- 2021: Revenue of $11K, expenses of $27K, and assets of $851K (revenue -47.9% year-over-year).
- 2020: Revenue of $21K, expenses of $25K, and assets of $824K (revenue +3.7% year-over-year).
- 2019: Revenue of $21K, expenses of $30K, and assets of $827K (revenue -47.9% year-over-year).
- 2018: Revenue of $40K, expenses of $28K, and assets of $836K (revenue +256.5% year-over-year).
- 2017: Revenue of $11K, expenses of $3K, and assets of $856K (revenue +173.0% year-over-year).
- 2016: Revenue of $4K, expenses of $3K, and assets of $856K (revenue -47.9% year-over-year).
- 2015: Revenue of $8K, expenses of $14K, and assets of $862K (revenue +6.6% year-over-year).
- 2014: Revenue of $7K, expenses of $3K, and assets of $856K (revenue +1.0% year-over-year).
- 2013: Revenue of $7K, expenses of $3K, and assets of $860K (revenue -12.1% year-over-year).
- 2012: Revenue of $8K, expenses of $8K, and assets of $853K.
- 2011: Revenue of $-27,007, expenses of $8K, and assets of $841K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood College:
Data Sources and Methodology
This transparency report for Wood College is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.