Woolly Farms Foundation

Analysis

Woolly Farms Foundation is a registered charity in United States, based in Meriden, KS. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Woolly Farms Foundation reported income of $210k and spending of $322k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $210k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woolly Farms Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Coptic Educational Foundation ($210k), Association of Academic Museums and Galleries ($210k) and Academy of Medicine of Brooklyn Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 3.5% of the total. At year end it held assets of $41k against liabilities of $50k, net assets of -$8,654.