Woodlands Development Group Inc

Analysis

Woodlands Development Group Inc is a registered charity in United States, based in Elkins, WV. It received its IRS tax-exemption ruling in November 1995, 31 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, Woodlands Development Group Inc reported income of $3.4m and spending of $1.5m, leaving 56% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $985k to $3.4m (+248%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 291%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodlands Development Group Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WV. Charities of a similar size with the same main cause include Marien-Heim of Sunset Park ($3.4m), Community Alternative Housing Inc ($3.4m) and Habitat for Humanity International Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $73k (4.8% of expenses). Other salaries and wages came to $536k. At year end it held assets of $19.7m against liabilities of $13.2m, net assets of $6.5m. It reported 17 employees.