Ward Oaks Foundation Inc

Analysis

Ward Oaks Foundation Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, Ward Oaks Foundation Inc reported income of $116k and spending of $499k, spending 430% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $116k (-96%), an average of -56% a year. The sharpest change came in the year to December 2023, when income rose by 403%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ward Oaks Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Coalport Senior Housing Inc ($116k), Southwest Florida Gwi Housing VII Inc ($116k) and Culver Garden Court Inc ($116k).

At year end it held assets of $4.2m against liabilities of $357, net assets of $4.2m.

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.