Woolard Homes Inc

Analysis

Woolard Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Woolard Homes Inc reported income of $82k and spending of $140k, spending 171% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $108k to $82k (-24%), an average of -8.5% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Woolard Homes Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Highthrive Foundation Inc ($82k), Initiative for Jewish Education ($82k) and S a R P H ($82k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $965k against liabilities of $1.3m, net assets of -$319k.

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.