Woods Services Foundation

Analysis

Woods Services Foundation is a registered charity in United States, based in Langhorne, PA. It received its IRS tax-exemption ruling in May 1989, 37 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woods Services Foundation reported income of $436k and spending of $140k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $436k (-91%), an average of -45% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 5.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Woods Services Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Marcus Allen Foundation ($436k), Lost Sheep Ministries Inc ($436k) and Social Venture Partners Chicago ($435k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $76.5m against liabilities of $97k, net assets of $76.4m.