Wood County Home Corporation

Analysis

Wood County Home Corporation is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in January 1953, 73 years ago. 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 December 2023, Wood County Home Corporation reported income of $524k and spending of $422k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $524k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood County Home Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WV. Charities of a similar size with the same main cause include Family Life Resource Center Inc ($524k), Advocates Against Domestic Abuse ($524k) and Signal Mountain Social Services ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Other salaries and wages came to $215k. At year end it held assets of $702k against liabilities of $10k, net assets of $692k. It reported 34 employees.