Woods Services Inc

Analysis

Woods Services Inc is a registered charity in United States, based in Langhorne, PA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woods Services Inc reported income of $151.7m and spending of $137.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132.0m to $151.7m (+15%), an average of +3.6% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woods Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Childrens Home Society of California & Affiliated Chapters ($151.4m), Food Bank of the Rockies ($151.9m) and Rayim of Hudson Valley Inc ($151.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.1m (3.0% of expenses). Other salaries and wages came to $79.5m. At year end it held assets of $110.8m against liabilities of $38.1m, net assets of $72.7m. It reported 2,154 employees.