Woodlawn Apartments Inc

Analysis

Woodlawn Apartments Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 1999, 27 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 2024, Woodlawn Apartments Inc reported income of $67k and spending of $83k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $64k to $67k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodlawn Apartments Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include Link to Hope Inc ($67k), Sylacauga Special Housing Inc ($67k) and Tanglewood Apartments Inc ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 77% of the total. At year end it held assets of $460k against liabilities of $8,871, net assets of $451k.

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.