Woods Senior Living Center Inc

Analysis

Woods Senior Living Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Woods Senior Living Center Inc reported income of $456k and spending of $653k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $456k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woods Senior Living Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Stoneboro Development Corporation ($456k), Episcopal Housing of Birmingham Inc ($456k) and Mendenhall Rural Housing and Comm Development Corporation ($455k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $4.7m against liabilities of $159k, net assets of $4.6m.

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.