Merrie Woode Foundation Inc

Analysis

Merrie Woode Foundation Inc is a registered charity in United States, based in Sapphire, NC. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Merrie Woode Foundation Inc reported income of $4.2m and spending of $3.4m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.2m (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrie Woode Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Minnesota Rural Water Association ($4.2m), Tuff Memorial Home ($4.2m) and Hill Country Community Needs Council ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $250k (7.4% of expenses). Other salaries and wages came to $839k. At year end it held assets of $18.1m against liabilities of $1.2m, net assets of $16.8m. It reported 173 employees.