Woodlawn Apartments Inc

Analysis

Woodlawn Apartments Inc is a registered charity in United States, based in Saratoga Springs, NY. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Woodlawn Apartments Inc reported income of $5.2m and spending of $5.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.2m (+15%), an average of +3.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodlawn Apartments Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Kairos Fellowship Inc ($5.2m), Freedom Adult Foster Care Corp ($5.2m) and Pandas Environmental Day Care School Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $8.7m against liabilities of $5.7m, net assets of $3.1m. It reported 63 employees.