Woodland Pond Inc

Analysis

Woodland Pond Inc is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in August 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woodland Pond Inc reported income of $25.7m and spending of $29.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.6m to $25.7m (+19%), an average of +4.4% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodland Pond Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Wakeland Housing and Development Corporation ($25.6m), Homestead at Rochester Inc ($25.7m) and Ali Forney Center ($25.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $647k (2.2% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $77.3m against liabilities of $160.5m, net assets of -$83.2m. It reported 365 employees.

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.