Woodford Homes

Analysis

Woodford Homes is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woodford Homes reported income of $544k and spending of $547k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $594k to $544k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodford Homes sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Counseling Centers of North Puget Sound ($544k), Coastline Womens Center ($544k) and American Friends of Rimanov Inc ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. At year end it held assets of $1.5m against liabilities of $370k, net assets of $1.1m.