Weatherford Foundation Inc

Analysis

Weatherford Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Weatherford Foundation Inc reported income of $669k and spending of $1.1m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $669k (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 106% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Weatherford Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Prince Frederick Volunteer Fire Department Incorporated ($667k), Ellenboro Volunteer Fire Department Inc ($669k) and Walk-Bike Nashville Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.