Woolworth Foundation

Analysis

Woolworth Foundation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in December 1968, 58 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Woolworth Foundation reported income of $7.1m and spending of $9.0m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $7.1m (+559%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 483%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Woolworth Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include United Way of Greater Charlottesville ($7.1m), Teneo Network Inc ($7.1m) and Modern Classrooms Project Inc ($7.1m).

At year end it held assets of $21.4m against liabilities of $2.0m, net assets of $19.4m.