Village at Woods Edge

Analysis

Village at Woods Edge is a registered charity in United States, based in Franklin, VA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Village at Woods Edge reported income of $6.9m and spending of $7.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $6.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village at Woods Edge sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include American Society for Nutrition Inc ($6.9m), Young Mens Christian Association of Georgias Piedmont Inc ($6.9m) and Mercy Center Corporation ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $125k (1.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $19.2m against liabilities of $15.7m, net assets of $3.5m. It reported 116 employees.