Oakwood Village University Woods Homes Inc

Analysis

Oakwood Village University Woods Homes Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Oakwood Village University Woods Homes Inc reported income of $19.7m and spending of $27.0m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $19.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oakwood Village University Woods Homes Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Qlarant Quality Solutions Inc ($19.7m), M G H Family Health Center ($19.7m) and Southside Faculty Medical Affiliates University Faculty Prac ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $288k (1.1% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $73.6m against liabilities of $90.3m, net assets of -$16.6m. It reported 1,094 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.