Wood Colony Inc

Analysis

Wood Colony Inc is a registered charity in United States, based in Ceres, CA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Wood Colony Inc reported income of $67k and spending of $80k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $67k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 135% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wood Colony Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Trunorth ($67k), Wish NJ Incorporated ($67k) and California Teachers Association Disaster Relief Fund ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $1.0m against liabilities of $4, net assets of $1.0m.

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.