Wood Lane Apartments Inc

Analysis

Wood Lane Apartments Inc is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in October 2012, 14 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, Wood Lane Apartments Inc reported income of $104k and spending of $151k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $104k (-0.3%), an average of -0.1% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wood Lane Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Parc Residential Options ($104k), Advent Housing Group Inc ($104k) and Ouabache Village Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $8,283. At year end it held assets of $1.4m against liabilities of $22k, net assets of $1.4m.

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.