Woodward Manor Inc

Analysis

Woodward Manor Inc is a registered charity in United States, based in Lehigh Acres, FL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woodward Manor Inc reported income of $718k and spending of $802k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $718k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodward Manor Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include H S C No 5 Housing Development Fund Co Inc ($718k), Catherine Booth Friendship House Residence Inc ($718k) and Hoosier Manor Inc ($718k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $142k. At year end it held assets of $4.9m against liabilities of $8.3m, net assets of -$3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.