Woodlake Senior Residences Inc

Analysis

Woodlake Senior Residences Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Woodlake Senior Residences Inc reported income of $295k and spending of $428k, spending 145% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $287k to $295k (+2.7%), an average of +0.9% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodlake Senior Residences Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within KS. Charities of a similar size with the same main cause include Better Living for Citizens Inc ($295k), Totah Foundation ($295k) and Ka Ohana Waiaha ($295k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. At year end it held assets of $1.8m against liabilities of $51k, net assets of $1.7m.

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.