Woldenberg Village Inc

Analysis

Woldenberg Village Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1970, 56 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 December 2022, Woldenberg Village Inc reported income of $16.1m and spending of $17.4m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $14.7m to $16.1m (+9.0%), an average of +2.9% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woldenberg Village Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Irvine Campus Housing Authority ($16.0m), Partners for Home Inc ($16.1m) and Irc II Inc ($16.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $230k (1.3% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $25.7m against liabilities of $7.8m, net assets of $17.9m. It reported 302 employees.