Wood Lane Industries

Analysis

Wood Lane Industries is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Wood Lane Industries reported income of $3.2m and spending of $2.7m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.2m (+6.1%), an average of +1.5% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wood Lane Industries sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Northern Plains Resource Council ($3.2m), Scott Key Center Inc ($3.2m) and Greater Houston Partnershipfoundation ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.3% and program service revenue 73% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $7.2m against liabilities of $999k, net assets of $6.2m. It reported 173 employees.