Woodforest Charitable Foundation

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Woodforest Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Woodforest Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Woodforest Charitable Foundation in one place.

Is Woodforest Charitable Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Woodforest Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Woodforest Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Woodforest Charitable Foundation

Woodforest Charitable Foundation (EIN: 202516951) is a nonprofit organization based in The Woodlands, TX, classified under NTEE code T22. The organization reported total revenue of $67.5M and total assets of $146.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodforest Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Woodforest Charitable Foundation is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Woodforest Charitable Foundation reported a surplus of $932K with revenue exceeding expenses, holds 168.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).

Financial Trends

Over 10 years of filings (2011–2023), Woodforest Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.

IRS Tax-Exempt Classification

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 Woodforest Charitable Foundation with a Mission Score of 90 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: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, Woodforest Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. 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 $932K, with revenue exceeding expenses.
• Debt-to-asset ratio: 3.6%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size with assets exceeding $133 million.

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 Woodforest Charitable Foundation's IRS 990 filings:

• Unusually low reported expenses relative to revenue in some years, potentially indicating significant investment activities or deferred program spending that isn't immediately clear from top-line numbers.
• The consistent 0% officer compensation, while positive for efficiency, is highly unusual for an organization of this scale and could warrant further inquiry into how leadership is compensated or if services are provided pro bono by affiliated entities.

Strengths

The following positive indicators were identified for Woodforest Charitable Foundation:

• Consistent and substantial asset growth, from $17.2M in 2011 to $133.2M in 2023, demonstrating strong financial health.
• Zero reported officer compensation across all filings, indicating a high degree of efficiency and dedication of funds to the mission.
• Very low liabilities relative to assets, suggesting sound financial management and minimal debt burden.
• Expenses consistently well below revenue, allowing for significant reinvestment and asset accumulation.
• Strong financial stability over more than a decade, with a clear upward trajectory in financial capacity.

Frequently Asked Questions about Woodforest Charitable Foundation

Filing History

IRS 990 filing history for Woodforest Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Woodforest Charitable Foundation's revenue has grown by 120.7%, moving from $4.7M to $10.4M. Total assets increased by 671.8% over the same period, from $17.3M to $133.2M. Total functional expenses rose by 1333%, from $661K to $9.5M. In its most recent filing year (2023), Woodforest Charitable Foundation reported a surplus of $932K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $133.2M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $128.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $10.4M, expenses of $9.5M, and assets of $133.2M (revenue -19.6% year-over-year).
• 2022: Revenue of $12.9M, expenses of $6.3M, and assets of $124.5M (revenue -8.0% year-over-year).
• 2021: Revenue of $14.1M, expenses of $3.6M, and assets of $119.2M (revenue +178.8% year-over-year).
• 2020: Revenue of $5.0M, expenses of $2.0M, and assets of $93.0M (revenue -46.1% year-over-year).
• 2019: Revenue of $9.4M, expenses of $3.7M, and assets of $77.2M (revenue +16.3% year-over-year).
• 2015: Revenue of $8.1M, expenses of $1.5M, and assets of $42.0M (revenue -5.7% year-over-year).
• 2014: Revenue of $8.5M, expenses of $1.8M, and assets of $36.4M (revenue +39.5% year-over-year).
• 2013: Revenue of $6.1M, expenses of $1.8M, and assets of $28.5M (revenue -18.5% year-over-year).
• 2012: Revenue of $7.5M, expenses of $858K, and assets of $23.3M (revenue +59.3% year-over-year).
• 2011: Revenue of $4.7M, expenses of $661K, and assets of $17.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Woodforest Charitable Foundation:

Data Sources and Methodology

This transparency report for Woodforest Charitable 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.