Woods Edge Housing Inc

Analysis

Woods Edge Housing Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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, Woods Edge Housing Inc reported income of $486k and spending of $556k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $486k (+8.7%), an average of +2.1% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woods Edge Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Crime Stoppers of Metro Alabama Inc ($486k), Third District Volunteer Fire Co No 1 of Bristol Township ($486k) and Cincinnati Therapeutic Riding and Horsemanship ($486k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.0m against liabilities of $46k, net assets of $1.9m.

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.