Woodlands Community Lenders

Analysis

Woodlands Community Lenders is a registered charity in United States, based in Elkins, WV. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Woodlands Community Lenders reported income of $1.2m and spending of $688k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $1.2m (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Woodlands Community Lenders sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within WV. Charities of a similar size with the same main cause include Lowcountry Local First ($1.2m), United Global Initiative Inc ($1.2m) and Institute for Workforce Excellence Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 2.2% of the total. Other salaries and wages came to $134k. At year end it held assets of $5.4m against liabilities of $2.7m, net assets of $2.6m. It reported 3 employees.