Woodland Pointe Inc

Analysis

Woodland Pointe Inc is a registered charity in United States, based in Saluda, VA. It received its IRS tax-exemption ruling in July 2013, 13 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 June 2023, Woodland Pointe Inc reported income of $74k and spending of $119k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $50k to $74k (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 185% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodland Pointe Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Allen Housing Foundation ($74k), Otts Branch Elderly Housing Inc ($74k) and RCCC Villa ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. At year end it held assets of $1.6m against liabilities of $23k, net assets of $1.6m.

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.