Oakwood Village University Woods Apartments Inc

Analysis

Oakwood Village University Woods Apartments Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1974, 52 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, Oakwood Village University Woods Apartments Inc reported income of $15.6m and spending of $16.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.8m to $15.6m (+5.1%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oakwood Village University Woods Apartments Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Westminster Village Muncie Inc ($15.6m), Frontier Community Services ($15.6m) and Community Services League of Jackson County ($15.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $263k (1.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $67.8m against liabilities of $105.7m, net assets of -$37.8m.

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.