Hood Wood Transformation Inc

Analysis

Hood Wood Transformation Inc is a registered charity in United States, based in Pike Road, AL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hood Wood Transformation Inc reported income of $55k and spending of $44k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $218k to $55k (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hood Wood Transformation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Kenwood Neighborhood Organization ($55k), Junior League of Flint Inc ($55k) and Animas Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,631 against liabilities of $0, net assets of $3,631.