Woodside Village V Inc

Analysis

Woodside Village V Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in December 2002, 24 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 August 2023, Woodside Village V Inc reported income of $108k and spending of $120k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $86k to $108k (+25%), an average of +5.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodside Village V Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Lunous ($107k), Ihomes ($108k) and Valentine Foundation Inc ($107k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $560k against liabilities of $295k, net assets of $266k.

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.