Woodland Park Apartments of Hickory Inc

Analysis

Woodland Park Apartments of Hickory Inc is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in October 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woodland Park Apartments of Hickory Inc reported income of $539k and spending of $613k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $435k to $539k (+24%), an average of +5.5% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodland Park Apartments of Hickory Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Watkins Personal Care Home II ($538k), L U L a C Oak Hill Inc ($539k) and Walla Walla Alliance for the Homeless ($538k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $219k.

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.