Wood Lane Residential Services

Analysis

Wood Lane Residential Services is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in December 1992, 34 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 Residential Services reported income of $13.1m and spending of $12.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $13.1m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wood Lane Residential Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Hospice Care in the Berkshires Inc ($13.1m), Carey Services Inc ($13.1m) and Lake Superior YMCA ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $245k (1.9% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $5.4m against liabilities of $2.1m, net assets of $3.3m. It reported 221 employees.