Woodbrook Assisted Living Residence Inc

Analysis

Woodbrook Assisted Living Residence Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in July 1943, 83 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 March 2023, Woodbrook Assisted Living Residence Inc reported income of $3.7m and spending of $3.7m, spending 101% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $3.8m to $3.7m (-4.2%), an average of -1.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodbrook Assisted Living Residence Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Kline-Welsh Behavioral Health Foundation ($3.7m), National Charity League Inc ($3.7m) and Wharton Institute for the Performing Arts Inc ($3.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $269k (7.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.0m against liabilities of $1.4m, net assets of $4.6m. It reported 99 employees.