Woodside Village II Inc

Analysis

Woodside Village II Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in July 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Woodside Village II Inc reported income of $338k and spending of $410k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $262k to $338k (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2021, when income rose by 16%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodside Village II Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Supporting Kidds Inc ($337k), RVM Medford II Housing Corporation ($338k) and Quest Village III of Georgia Inc ($337k).

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 $97k. At year end it held assets of $1.3m against liabilities of $593k, net assets of $672k.

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.