Woodcock No 3 Foundation
Woodcock No 3 Foundation consistently spends more than it earns, drawing down assets over recent years.
EIN: 133651420 · Reno, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $24K |
| Program Spending | 80% |
| Net Assets | $4K |
| Transparency Score | 65/100 |
Is Woodcock No 3 Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodcock No 3 Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodcock No 3 Foundation
Woodcock No 3 Foundation (EIN: 133651420) is a nonprofit organization based in Reno, NV. The organization reported total revenue of $9K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodcock No 3 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodcock No 3 Foundation is a micro nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $24K |
| Surplus / Deficit | $-5,229 |
| Total Assets | $4K |
| Total Liabilities | $1 |
| Net Assets | $4K |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2023, Woodcock No 3 Foundation reported a deficit of $5K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Woodcock No 3 Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | -42.2% | -54.9% |
| 2022 | -10.8% | -17.2% | -67.4% |
| 2021 | -18.5% | +128.1% | -46.7% |
| 2020 | -34.8% | -58.0% | +15.8% |
| 2019 | -21.0% | +206.1% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Woodcock No 3 Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Woodcock No 3 Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for resource allocation given the organization's small size and fluctuating financial performance.
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.
Red Flags
The following concerns were identified during AI analysis of Woodcock No 3 Foundation's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023: -$5,229; 2022: -$19,652; 2021: -$25,558), indicating spending exceeds revenue.
- Significant decline in assets over the last few years (from $54,726 in 2020 to $4,287 in 2023), suggesting reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Woodcock No 3 Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Very low liabilities ($1 consistently reported), suggesting a healthy balance sheet in terms of debt.
- Long history of IRS 990 filings (10 filings provided), demonstrating transparency over time.
Frequently Asked Questions about Woodcock No 3 Foundation
Is Woodcock No 3 Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodcock No 3 Foundation (EIN: 133651420) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Woodcock No 3 Foundation spend its money?
Woodcock No 3 Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodcock No 3 Foundation tax-deductible?
Woodcock No 3 Foundation is registered as a tax-exempt nonprofit (EIN: 133651420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woodcock No 3 Foundation's spending goes to programs?
Woodcock No 3 Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Woodcock No 3 Foundation located?
Woodcock No 3 Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 133651420.
How many years of IRS 990 filings does Woodcock No 3 Foundation have?
Woodcock No 3 Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9K in total revenue.
What is the primary mission or program area of the Woodcock No 3 Foundation?
The provided data does not specify the NTEE code or a detailed mission statement, making it difficult to determine the primary program area. Further investigation into their 990-PF filings would be necessary.
How does the foundation sustain its operations given that expenses frequently exceed revenue?
The foundation appears to sustain operations by drawing down on its assets. For example, in 2023, assets decreased from $9,516 to $4,287 while expenses ($23,570) exceeded revenue ($18,341).
What are the specific categories of expenses that constitute the majority of the foundation's spending?
The provided data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses is not available in this summary, which limits a precise understanding of spending categories.
Filing History
IRS 990 filing history for Woodcock No 3 Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Woodcock No 3 Foundation's revenue has declined by 71%, moving from $63K to $18K. Total assets increased by 29.8% over the same period, from $3K to $4K. Total functional expenses fell by 64.2%, from $66K to $24K. In its most recent filing year (2023), Woodcock No 3 Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $24K | $4K | $1 | — | — |
| 2022 | $21K | $41K | $10K | $1 | — | — |
| 2021 | $24K | $49K | $29K | $1 | — | — |
| 2020 | $29K | $22K | $55K | $1 | — | — |
| 2019 | $45K | $51K | $47K | $1 | — | View 990 |
| 2015 | $56K | $17K | $46K | $1 | — | View 990 |
| 2014 | $60K | $63K | $6K | $1 | — | View 990 |
| 2013 | $54K | $48K | $9K | $1 | — | View 990 |
| 2012 | $71K | $72K | $3K | $1 | — | View 990 |
| 2011 | $63K | $66K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $24K, and assets of $4K (revenue -13.2% year-over-year).
- 2022: Revenue of $21K, expenses of $41K, and assets of $10K (revenue -10.8% year-over-year).
- 2021: Revenue of $24K, expenses of $49K, and assets of $29K (revenue -18.5% year-over-year).
- 2020: Revenue of $29K, expenses of $22K, and assets of $55K (revenue -34.8% year-over-year).
- 2019: Revenue of $45K, expenses of $51K, and assets of $47K (revenue -21.0% year-over-year).
- 2015: Revenue of $56K, expenses of $17K, and assets of $46K (revenue -5.7% year-over-year).
- 2014: Revenue of $60K, expenses of $63K, and assets of $6K (revenue +10.5% year-over-year).
- 2013: Revenue of $54K, expenses of $48K, and assets of $9K (revenue -24.0% year-over-year).
- 2012: Revenue of $71K, expenses of $72K, and assets of $3K (revenue +12.8% year-over-year).
- 2011: Revenue of $63K, expenses of $66K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodcock No 3 Foundation:
Data Sources and Methodology
This transparency report for Woodcock No 3 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.