Will Woods VII

Analysis

Will Woods VII is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in June 1996, 30 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 July 2023, Will Woods VII reported income of $756k and spending of $650k, spending 86% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $694k to $756k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to July 2023, when income rose by 94%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Will Woods VII sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include 4-12 Gouverneur Place Housing Development Fund Corporation ($756k), Senior Citizens Housing Development Corporation of Los Angeles ($756k) and Jacobs Place ($756k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. At year end it held assets of $3.7m against liabilities of $1.6m, net assets of $2.1m.