Wood-N-Hearts

Analysis

Wood-N-Hearts is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in December 2019, 7 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 (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, Wood-N-Hearts reported income of $117k and spending of $206k, spending 176% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $95k to $117k (+24%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wood-N-Hearts sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Facts Education Fund ($117k), Shasta Manor II ($118k) and Chatham Homes for Elderly Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.