Charles R Wood Foundation
Charles R Wood Foundation: Consistent Grantmaking, Minimal Overhead
EIN: 222237193 · Wilmington, DE · Updated: 2026-04-04
Is Charles R Wood Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles R Wood Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles R Wood Foundation
Charles R Wood Foundation (EIN: 222237193) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $34.0M and total assets of $45.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles R Wood Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles R Wood Foundation is a large nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $42.8M |
| Total Liabilities | $1 |
| Net Assets | $42.8M |
| Operating Margin | 58.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.0 months |
Financial Health Grade: A
In 2023, Charles R Wood Foundation reported a surplus of $3.8M with revenue exceeding expenses, holds 193.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Charles R Wood Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +460.7% | -4.3% | +9.7% |
| 2022 | -84.4% | +20.8% | -4.0% |
| 2021 | +337.3% | +0.2% | +14.4% |
| 2020 | -26.4% | +5.0% | -1.7% |
| 2019 | -1.1% | +5.5% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles R Wood Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Charles R Wood Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting that key personnel may be volunteers or compensated through other means not detailed in the summary financial figures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Charles R Wood Foundation:
- Consistently low administrative and fundraising expenses, often 0% for fundraising, maximizing funds for programs.
- Significant asset growth over the years, from $31.8M in 2013 to $45.7M in 2023, indicating strong financial management.
- Stable and substantial revenue generation, supporting consistent grantmaking activities.
- Clear and consistent reporting of financial data through IRS filings.
Frequently Asked Questions about Charles R Wood Foundation
Is Charles R Wood Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles R Wood Foundation (EIN: 222237193) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Charles R Wood Foundation spend its money?
Charles R Wood Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charles R Wood Foundation tax-deductible?
Charles R Wood Foundation is registered as a tax-exempt nonprofit (EIN: 222237193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Charles R Wood Foundation do?
Charles R Wood Foundation is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Charles R Wood Foundation have?
Charles R Wood Foundation reported total revenue of $34,032,511. Based on 10 IRS 990 filings on record.
What are Charles R Wood Foundation's total assets?
Charles R Wood Foundation holds total assets of $45,739,061 as reported in IRS 990 filings.
Where is Charles R Wood Foundation located?
Charles R Wood Foundation is based in Wilmington, Delaware.
What is Charles R Wood Foundation's EIN?
Charles R Wood Foundation's Employer Identification Number (EIN) is 222237193. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charles R Wood Foundation?
Charles R Wood Foundation is classified under NTEE code Unknown (Unknown).
Is Charles R Wood Foundation a registered 501(c)(3)?
Charles R Wood Foundation appears in IRS records (EIN: 222237193). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Charles R Wood Foundation file IRS Form 990?
Yes, Charles R Wood Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Charles R Wood Foundation's revenue in 2023?
In the 202312 filing period, Charles R Wood Foundation reported total revenue of $6,443,868, total expenses of $2,659,815, and net assets of $42,774,522.
Is Charles R Wood Foundation's revenue growing or declining?
Charles R Wood Foundation's revenue is growing. Revenue went from $1,149,308 (202212) to $6,443,868 (202312), a +460.7% change. Based on 10 filings on record.
What is Charles R Wood Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Charles R Wood Foundation covers tax period 202312. It shows revenue of $6,443,868, expenses of $2,659,815, total assets of $42,774,522, and liabilities of $1.
How much does Charles R Wood Foundation spend on programs vs administration?
Based on IRS 990 analysis, Charles R Wood Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Charles R Wood Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Charles R Wood Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Charles R Wood Foundation's strengths?
Positive indicators for Charles R Wood Foundation include: Consistently low administrative and fundraising expenses, often 0% for fundraising, maximizing funds for programs.. Significant asset growth over the years, from $31.8M in 2013 to $45.7M in 2023, indicating strong financial management.. Stable and substantial revenue generation, supporting consistent grantmaking activities.. Clear and consistent reporting of financial data through IRS filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Charles R Wood Foundation compensate executives?
Executive compensation is not reported in the provided data, suggesting that key personnel may be volunteers or compensated through other means not detailed in the summary financial figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% fundraising costs, how does the Charles R Wood Foundation primarily secure its funding and maintain its asset growth?
The foundation likely operates as a private foundation, primarily funded by an endowment or initial large contributions, rather than relying on public fundraising campaigns. Its asset growth is driven by investment returns on its substantial endowment.
Filing History
IRS 990 filing history for Charles R Wood Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charles R Wood Foundation's revenue has grown by 251.2%, moving from $1.8M to $6.4M. Total assets increased by 34.8% over the same period, from $31.7M to $42.8M. Total functional expenses rose by 46.3%, from $1.8M to $2.7M. In its most recent filing year (2023), Charles R Wood Foundation reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $42.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $42.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $2.7M | $42.8M | $1 | — | View 990 |
| 2022 | $1.1M | $2.8M | $39.0M | $1 | — | View 990 |
| 2021 | $7.4M | $2.3M | $40.6M | $1 | — | View 990 |
| 2020 | $1.7M | $2.3M | $35.5M | $1 | — | View 990 |
| 2019 | $2.3M | $2.2M | $36.1M | $0 | — | View 990 |
| 2015 | $2.3M | $2.1M | $33.7M | $0 | — | View 990 |
| 2014 | $3.6M | $2.0M | $33.5M | $0 | — | View 990 |
| 2013 | $2.6M | $1.9M | $31.9M | $0 | — | View 990 |
| 2012 | $1.4M | $1.9M | $31.2M | $0 | — | View 990 |
| 2011 | $1.8M | $1.8M | $31.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $2.7M, and assets of $42.8M (revenue +460.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $2.8M, and assets of $39.0M (revenue -84.4% year-over-year).
- 2021: Revenue of $7.4M, expenses of $2.3M, and assets of $40.6M (revenue +337.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.3M, and assets of $35.5M (revenue -26.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $36.1M (revenue -1.1% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.1M, and assets of $33.7M (revenue -35.8% year-over-year).
- 2014: Revenue of $3.6M, expenses of $2.0M, and assets of $33.5M (revenue +41.2% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.9M, and assets of $31.9M (revenue +86.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.9M, and assets of $31.2M (revenue -25.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $31.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles R Wood Foundation:
Data Sources and Methodology
This transparency report for Charles R Wood Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.