Woodside Village III Inc

Analysis

Woodside Village III Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in May 1999, 27 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 III Inc reported income of $176k and spending of $197k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $136k to $176k (+30%), an average of +6.8% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodside Village III Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Gering Elderly Housing Corporation ($176k), Finish the Wall Inc ($176k) and Divine Providence Apartments Inc ($176k).

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 $50k. At year end it held assets of $570k against liabilities of $304k, 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.