Woodland Apartments Preservation Inc

Analysis

Woodland Apartments Preservation Inc is a registered charity in United States, based in North Bend, OR. It received its IRS tax-exemption ruling in December 1997, 29 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 June 2024, Woodland Apartments Preservation Inc reported income of $692k and spending of $766k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $644k to $692k (+7.4%), an average of +1.8% a year. 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, Woodland Apartments Preservation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include East Bay Senior Housing Inc ($691k), Western Home Foundation ($692k) and The Affordable Rental Housing Association at Tavistock Inc ($691k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.3m against liabilities of $73k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.