Woodside Village IV Inc

Analysis

Woodside Village IV Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in August 2001, 25 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 IV Inc reported income of $177k and spending of $187k, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $144k to $177k (+23%), an average of +5.2% a year. The sharpest change came in the year to August 2021, when income rose by 18%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodside Village IV 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 Elizabeth H and Cyrus V Giddings Corporation ($177k), Abilities at College Pines Inc ($177k) and Friends of St Lukes Inc ($177k).

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 $45k. At year end it held assets of $940k against liabilities of $458k, net assets of $482k.

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.