Abilities at Woodside Inc

Analysis

Abilities at Woodside Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2023, Abilities at Woodside Inc reported income of $74k and spending of $125k, spending 170% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $71k to $74k (+4.2%), an average of +1.4% a year. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at Woodside Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Hopes Crossing ($74k), Rebuilding Together Pitt County NC Inc ($74k) and Tsi Properties I Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $415k against liabilities of $319k, net assets of $97k.

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.