Woodys Home Inc

Analysis

Woodys Home Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in August 2004, 22 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 December 2023, Woodys Home Inc reported income of $450k and spending of $334k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $450k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodys Home Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Nehemiah Project LA Inc ($450k), RVM Housing Corporation ($450k) and Rising Up ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $24k (7.2% of expenses). Other salaries and wages came to $163k. At year end it held assets of $632k against liabilities of $287k, net assets of $345k. It reported 16 employees.