Willowood Developmental Center Inc

Analysis

Willowood Developmental Center Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 1974, 52 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Willowood Developmental Center Inc reported income of $5.2m and spending of $5.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $5.2m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Willowood Developmental Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MS. Charities of a similar size with the same main cause include Downeast Transportation Inc ($5.2m), St Marys Foundation for Children ($5.2m) and Community Action Council of Portage ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $134k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.5m against liabilities of $206k, net assets of $6.3m. It reported 106 employees.