Bob Woodruff Family Foundation Inc

Analysis

Bob Woodruff Family Foundation Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bob Woodruff Family Foundation Inc reported income of $39.3m and spending of $19.9m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.2m to $39.3m (+94%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bob Woodruff Family Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Wetzel County Hospital Inc ($39.2m), Northeast Montana Health Services Inc ($39.3m) and United Home for Aged Hebrews ($39.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $765k (3.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $46.7m against liabilities of $361k, net assets of $46.3m. It reported 32 employees.