Woody Foundation Inc

Analysis

Woody Foundation Inc is a registered charity in United States, based in Coconut Grove, FL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Woody Foundation Inc reported income of $222k and spending of $244k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $174k to $222k (+28%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Woody Foundation 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 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Georgia Federation of Womens Clubs ($222k), Sertoma Inc ($222k) and Estacado Library Information Network Inc ($222k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). At year end it held assets of $438k against liabilities of $13k, net assets of $425k.