Wofford Park Inc

Analysis

Wofford Park Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in September 2023, 3 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 September 2023, Wofford Park Inc reported income of $136k and spending of $184k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $34k to $136k (+305%), an average of +42% a year. The sharpest change came in the year to September 2020, when income rose by 301%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wofford Park Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within MS. Charities of a similar size with the same main cause include Asi Springfield Missouri Inc ($136k), Belola Foundation ($136k) and Heal House of Iowa ($136k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $542k against liabilities of $34k, net assets of $509k.

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.