Woodforest Charitable Foundation

Woodforest Charitable Foundation consistently grows assets with zero reported officer compensation.

EIN: 202516951 · The Woodlands, TX · NTEE: T22 · Updated: 2026-03-28

$67.5MRevenue

$146.6MAssets

90/100Mission Score (Excellent)

T22

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.

AI Transparency Report

Woodforest Charitable Foundation demonstrates strong financial health with consistently growing assets, reaching $133,212,930 in 2023. The organization maintains a very low liability profile, indicating sound financial management and minimal debt. Their revenue has fluctuated over the years, with a notable increase in 2023 to $10,404,698, and expenses generally remaining well below revenue, allowing for asset growth. The foundation's consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency regarding executive pay and a focus on directing funds towards its mission rather than administrative overhead.

The spending efficiency appears robust, as evidenced by the significant difference between revenue and expenses in most years, allowing for substantial asset accumulation. For instance, in 2023, expenses were $9,472,426 against revenues of $10,404,698. The NTEE code T22 (Grantmaking Foundations) implies that a significant portion of their expenses would be in the form of grants to other organizations, which is a direct program activity. The absence of officer compensation further enhances their efficiency profile.

Overall, Woodforest Charitable Foundation exhibits a healthy financial position, efficient spending practices, and a high level of transparency, particularly concerning executive compensation. The consistent growth in assets over more than a decade, from $17,259,442 in 2011 to $133,212,930 in 2023, underscores its long-term financial stability and capacity to fulfill its philanthropic objectives.

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.

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

Is Woodforest Charitable Foundation a good charity?

Based on the provided data, Woodforest Charitable Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation across all filings. This suggests high efficiency and a strong program focus.

How does Woodforest Charitable Foundation manage its administrative costs?

The foundation appears to manage administrative costs exceptionally well, as evidenced by the 0% officer compensation reported in all filings. While specific administrative expense breakdowns are not provided, the lack of executive pay suggests a very lean operational structure, allowing more funds to be allocated to programs.

What is the trend in Woodforest Charitable Foundation's assets?

Woodforest Charitable Foundation has shown a consistent and significant upward trend in its assets, growing from $17,259,442 in 2011 to $133,212,930 in 2023. This indicates strong financial management and successful accumulation of resources for its philanthropic activities.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$10.4M	$9.5M	$133.2M	$4.8M	—	View 990
2022	$12.9M	$6.3M	$124.5M	$1.2M	—	View 990
2021	$14.1M	$3.6M	$119.2M	$589K	—	View 990
2020	$5.0M	$2.0M	$93.0M	$905K	—	View 990
2019	$9.4M	$3.7M	$77.2M	$1.1M	—	—
2015	$8.1M	$1.5M	$42.0M	$396K	—	View 990
2014	$8.5M	$1.8M	$36.4M	$651K	—	View 990
2013	$6.1M	$1.8M	$28.5M	$847K	—	View 990
2012	$7.5M	$858K	$23.3M	$1	—	View 990
2011	$4.7M	$661K	$17.3M	$1	—	View 990

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.

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.