Woods Cooperative Association Inc

Analysis

Woods Cooperative Association Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in February 2024, 2 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, Woods Cooperative Association Inc reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $1.7m (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woods Cooperative Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Derose HDC Inc ($1.7m), Catalyst for Change Inc ($1.7m) and Housing Transitions Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $14.5m against liabilities of $14.0m, net assets of $433k. It reported 5 employees.