Wood Lane Foundation Inc

Analysis

Wood Lane Foundation Inc is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation Inc reported income of $64k and spending of $28k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $398k to $64k (-84%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wood Lane Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Congregate Living Opportunites Inc ($64k), First Horizon Employee Relief Fund Inc ($64k) and Matthews Moonlight Foundation ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.