Woodbine Community Organization Wco Inc

Analysis

Woodbine Community Organization Wco Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Woodbine Community Organization Wco Inc reported income of $25.3m and spending of $14.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $25.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Woodbine Community Organization Wco Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Skills USA Inc ($25.3m), Seec Corporation ($25.3m) and Goodwill Industries of Central Iowa ($25.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $145k (1.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $152.4m against liabilities of $80.2m, net assets of $72.2m. It reported 20 employees.