Woodlands Methodist Church Foundation Inc

Analysis

Woodlands Methodist Church Foundation Inc is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2022, Woodlands Methodist Church Foundation Inc reported income of $687k and spending of $201k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $315k to $687k (+118%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Woodlands Methodist Church Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Eternal Life Inc ($687k), Inspire International Inc ($687k) and Teen Feed ($687k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 56% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $7,332 (3.6% of expenses). Other salaries and wages came to $899. At year end it held assets of $5.3m against liabilities of $3,099, net assets of $5.3m. It reported 2 employees.