Woodstock Area Adult Day Services Inc

Analysis

Woodstock Area Adult Day Services Inc is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in July 2018, 8 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 June 2024, Woodstock Area Adult Day Services Inc reported income of $375k and spending of $475k, spending 127% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $323k to $375k (+16%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodstock Area Adult Day Services Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 59th percentile within VT. Charities of a similar size with the same main cause include Minority Millennials ($375k), Fluvanna Meals on Wheels Inc ($375k) and TDD Supportive Living ($375k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $83k (17% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.2m against liabilities of $168k, net assets of $1.0m. It reported 8 employees.