Gardens of Wood Village Inc

Analysis

Gardens of Wood Village Inc is a registered charity in United States, based in Sweetwater, TN. It received its IRS tax-exemption ruling in January 1997, 29 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 March 2024, Gardens of Wood Village Inc reported income of $61k and spending of $89k, spending 146% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $46k to $61k (+32%), an average of +32% a year. The sharpest change came in the year to March 2024, when income rose by 32%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gardens of Wood Village Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within TN. Charities of a similar size with the same main cause include Veterans Housing Alliance ($61k), Ault Manor Inc ($61k) and Oxford Place Inc ($60k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $246k against liabilities of $737k, net assets of -$491k.