North Woodward Community Foundation

Analysis

North Woodward Community Foundation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in June 1998, 28 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 (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, North Woodward Community Foundation reported income of $351k and spending of $232k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $467k to $351k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Woodward Community Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Florida Nonprofit Alliance Inc ($351k), Ladies of Liberty Alliance ($352k) and Creatives Want Change Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 73% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.