Wood County Society Inc
EIN: 550458587 · Parkersburg, WV · NTEE: E50Z
| Metric | Value |
|---|---|
| Total Revenue | $528K |
| Total Expenses | $506K |
| Net Assets | $512K |
Is Wood County Society Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wood County Society Inc
Wood County Society Inc (EIN: 550458587) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code E50Z. The organization reported total revenue of $528K and total assets of $493K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood County Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood County Society Inc is a small nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $520K |
| Total Expenses | $506K |
| Surplus / Deficit | +$14K |
| Total Assets | $515K |
| Total Liabilities | $3K |
| Net Assets | $512K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Wood County Society Inc reported a surplus of $14K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wood County Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.4% | +17.7% | +1.6% |
| 2022 | +14.9% | +19.1% | -5.3% |
| 2021 | +19.1% | +74.4% | -4.3% |
| 2020 | +33.6% | -22.6% | +20.6% |
| 2019 | +47.7% | +53.7% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wood County Society Inc 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 County Society Inc 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 surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Wood County Society Inc
Is Wood County Society Inc a legitimate charity?
Wood County Society Inc (EIN: 550458587) is a registered tax-exempt nonprofit based in West Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $528K. No red flags identified. Financial health grade: A.
How does Wood County Society Inc spend its money?
Wood County Society Inc reported $528K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wood County Society Inc tax-deductible?
Wood County Society Inc is registered as a tax-exempt nonprofit (EIN: 550458587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wood County Society Inc located?
Wood County Society Inc is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 550458587. It is classified under NTEE code E50Z.
How many years of IRS 990 filings does Wood County Society Inc have?
Wood County Society Inc 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 $528K in total revenue.
Filing History
IRS 990 filing history for Wood County Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wood County Society Inc's revenue has grown by 258%, moving from $145K to $520K. Total assets increased by 131.2% over the same period, from $223K to $515K. Total functional expenses rose by 276.4%, from $134K to $506K. In its most recent filing year (2023), Wood County Society Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $3K in liabilities against $515K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $512K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $520K | $506K | $515K | $3K | — | View 990 |
| 2022 | $402K | $430K | $507K | $3K | — | — |
| 2021 | $350K | $361K | $536K | $3K | — | View 990 |
| 2020 | $293K | $207K | $560K | $12K | — | — |
| 2019 | $220K | $267K | $464K | $3K | — | View 990 |
| 2018 | $149K | $174K | $511K | $3K | — | View 990 |
| 2017 | $208K | $159K | $539K | $3K | — | View 990 |
| 2016 | $172K | $148K | $488K | $1K | — | View 990 |
| 2015 | $307K | $147K | $463K | $922 | — | View 990 |
| 2014 | $164K | $139K | $303K | $879 | — | View 990 |
| 2013 | $156K | $135K | $278K | $881 | — | View 990 |
| 2012 | $147K | $133K | $258K | $831 | — | View 990 |
| 2011 | $145K | $134K | $223K | $835 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $520K, expenses of $506K, and assets of $515K (revenue +29.4% year-over-year).
- 2022: Revenue of $402K, expenses of $430K, and assets of $507K (revenue +14.9% year-over-year).
- 2021: Revenue of $350K, expenses of $361K, and assets of $536K (revenue +19.1% year-over-year).
- 2020: Revenue of $293K, expenses of $207K, and assets of $560K (revenue +33.6% year-over-year).
- 2019: Revenue of $220K, expenses of $267K, and assets of $464K (revenue +47.7% year-over-year).
- 2018: Revenue of $149K, expenses of $174K, and assets of $511K (revenue -28.3% year-over-year).
- 2017: Revenue of $208K, expenses of $159K, and assets of $539K (revenue +20.5% year-over-year).
- 2016: Revenue of $172K, expenses of $148K, and assets of $488K (revenue -43.8% year-over-year).
- 2015: Revenue of $307K, expenses of $147K, and assets of $463K (revenue +87.3% year-over-year).
- 2014: Revenue of $164K, expenses of $139K, and assets of $303K (revenue +5.1% year-over-year).
- 2013: Revenue of $156K, expenses of $135K, and assets of $278K (revenue +5.7% year-over-year).
- 2012: Revenue of $147K, expenses of $133K, and assets of $258K (revenue +1.6% year-over-year).
- 2011: Revenue of $145K, expenses of $134K, and assets of $223K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood County Society Inc:
Data Sources and Methodology
This transparency report for Wood County Society Inc 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.