W O L Inc

Analysis

W O L Inc is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in November 1998, 28 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 2021, W O L Inc reported income of $620k and spending of $623k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $618k to $620k (+0.2%), an average of +0.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, W O L Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include The Housing Foundation ($619k), Northwest Communities Development Corporation ($620k) and Two Bridges Neighborhood Council Inc ($619k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 34% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $46k (7.4% of expenses). Other salaries and wages came to $138k. At year end it held assets of $673k against liabilities of $630k, net assets of $43k.

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.