Woodridge Nonprofit Corporation

Analysis

Woodridge Nonprofit Corporation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in March 2008, 18 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 December 2023, Woodridge Nonprofit Corporation reported income of $911k and spending of $957k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $911k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodridge Nonprofit Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Upper County Eldercare Coalition Inc ($910k), Independence House L L C ($911k) and Southeastern Massachusetts Affordable Housing Corporation ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $145k. At year end it held assets of $2.8m against liabilities of $2.6m, net assets of $200k.