Will Wood VIII

Analysis

Will Wood VIII is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in October 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 Wood VIII reported income of $746k and spending of $869k, spending 117% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $740k to $746k (+0.9%), an average of +0.2% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Will Wood VIII sits at the 66th 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 74th percentile within LA. Charities of a similar size with the same main cause include Boynton Beach Faith Based Community Dev Corp ($746k), Washington Ave H D F C ($747k) and Viking Plass Inc ($745k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $3.9m against liabilities of $3.7m, net assets of $176k.

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.