Geer Woods Inc

Analysis

Geer Woods Inc is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Geer Woods Inc reported income of $5.9m and spending of $7.1m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.5m to $5.9m (-20%), an average of -5.6% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Geer Woods Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Life Remodeled-A Nonprofit Corporation ($5.9m), Preserving Alameda County Housing Inc ($6.0m) and Piedmont Housing Alliance Incorporated ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $13.8m against liabilities of $23.4m, net assets of -$9.6m. It reported 104 employees.