Wood Lane Residential Properties Inc

Analysis

Wood Lane Residential Properties Inc is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in June 2000, 26 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 Residential Properties Inc reported income of $639k and spending of $927k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $639k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wood Lane Residential Properties Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include The Pavillion Housing Development Fund Corporation ($639k), Interfaith Rotating Winter Shelterof Davis ($640k) and Bickford Street Elderly Housing Corporation ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. At year end it held assets of $6.8m against liabilities of $2.7m, net assets of $4.2m.