Woodhull Freedom Foundation
Woodhull Freedom Foundation shows strong revenue growth and zero reported officer compensation across all filings.
EIN: 113681116 · Washington, DC · NTEE: R20 · Updated: 2026-03-28
Is Woodhull Freedom Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodhull Freedom Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodhull Freedom Foundation
Woodhull Freedom Foundation (EIN: 113681116) is a nonprofit organization based in Washington, DC, classified under NTEE code R20. The organization reported total revenue of $1.0M and total assets of $970K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodhull Freedom Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodhull Freedom Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$452K |
| Total Assets | $1.2M |
| Total Liabilities | $29K |
| Net Assets | $1.2M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Woodhull Freedom Foundation reported a surplus of $452K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Woodhull Freedom Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.4% | +64.0% | +63.5% |
| 2022 | +406.9% | +319.2% | +155.0% |
| 2021 | +14.9% | +33.9% | +22.8% |
| 2020 | +20.4% | +7.5% | +43.2% |
| 2019 | -16.4% | -30.8% | +35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Woodhull Freedom 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Woodhull Freedom Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $452K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenue approaching $2 million and suggests either a volunteer-led executive team or compensation being covered by another entity, which would warrant further investigation for full transparency.
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 Woodhull Freedom Foundation's IRS 990 filings:
- Unusually low liabilities relative to assets, especially in earlier years, could indicate aggressive cash management or delayed expense recognition, though recent filings show a more balanced picture.
- Consistent 0% officer compensation for an organization of this size is highly unusual and warrants further investigation to understand the full compensation structure for leadership.
Strengths
The following positive indicators were identified for Woodhull Freedom Foundation:
- Significant and consistent revenue growth, particularly from $274,231 in 2021 to $1,979,681 in 2023, demonstrates strong financial support.
- Healthy asset base ($1,233,271 in 2023) significantly exceeding liabilities ($29,419), indicating strong financial stability.
- Consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards programmatic activities.
- Positive net income in most years, with revenue consistently exceeding expenses, such as $1,979,681 revenue vs. $1,527,341 expenses in 2023.
Frequently Asked Questions about Woodhull Freedom Foundation
Is Woodhull Freedom Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodhull Freedom Foundation (EIN: 113681116) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Woodhull Freedom Foundation spend its money?
Woodhull Freedom Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodhull Freedom Foundation tax-deductible?
Woodhull Freedom Foundation is registered as a tax-exempt nonprofit (EIN: 113681116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Woodhull Freedom Foundation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is provided through an affiliated entity not reflected in these specific filings. Further inquiry into their operational model would clarify this.
What factors contributed to the significant revenue increase from 2021 to 2023?
Revenue increased from $274,231 in 2021 to $1,979,681 in 2023. This substantial growth suggests successful fundraising campaigns, new grant acquisitions, or expansion of programs. Understanding the specific sources of this increased funding would provide deeper insight.
What is the organization's strategy for maintaining its low liability levels?
The organization consistently reports very low liabilities, such as $29,419 in 2023, relative to its assets of $1,233,271. This indicates prudent financial management and a focus on avoiding debt, contributing to financial stability.
Filing History
IRS 990 filing history for Woodhull Freedom Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Woodhull Freedom Foundation's revenue has grown by 1045.3%, moving from $173K to $2.0M. Total assets increased by 1165.3% over the same period, from $97K to $1.2M. Total functional expenses rose by 1934.1%, from $75K to $1.5M. In its most recent filing year (2023), Woodhull Freedom Foundation reported a surplus of $452K, with revenue exceeding expenses. The organization holds $29K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.5M | $1.2M | $29K | — | — |
| 2022 | $1.4M | $931K | $754K | $3K | — | — |
| 2021 | $274K | $222K | $296K | $3K | — | View 990 |
| 2020 | $239K | $166K | $241K | $0 | — | View 990 |
| 2019 | $198K | $154K | $168K | $0 | — | View 990 |
| 2018 | $237K | $223K | $124K | $0 | — | View 990 |
| 2017 | $165K | $113K | $110K | $0 | — | View 990 |
| 2016 | $141K | $126K | $57K | $0 | — | View 990 |
| 2015 | $113K | $116K | $43K | $0 | — | View 990 |
| 2014 | $108K | $85K | $46K | $0 | — | View 990 |
| 2013 | $77K | $77K | $23K | $0 | — | View 990 |
| 2012 | $59K | $70K | $25K | $0 | — | View 990 |
| 2011 | $46K | $107K | $36K | $0 | — | View 990 |
| 2010 | $173K | $75K | $97K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $1.2M (revenue +42.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $931K, and assets of $754K (revenue +406.9% year-over-year).
- 2021: Revenue of $274K, expenses of $222K, and assets of $296K (revenue +14.9% year-over-year).
- 2020: Revenue of $239K, expenses of $166K, and assets of $241K (revenue +20.4% year-over-year).
- 2019: Revenue of $198K, expenses of $154K, and assets of $168K (revenue -16.4% year-over-year).
- 2018: Revenue of $237K, expenses of $223K, and assets of $124K (revenue +43.5% year-over-year).
- 2017: Revenue of $165K, expenses of $113K, and assets of $110K (revenue +17.6% year-over-year).
- 2016: Revenue of $141K, expenses of $126K, and assets of $57K (revenue +24.3% year-over-year).
- 2015: Revenue of $113K, expenses of $116K, and assets of $43K (revenue +4.9% year-over-year).
- 2014: Revenue of $108K, expenses of $85K, and assets of $46K (revenue +40.6% year-over-year).
- 2013: Revenue of $77K, expenses of $77K, and assets of $23K (revenue +30.1% year-over-year).
- 2012: Revenue of $59K, expenses of $70K, and assets of $25K (revenue +27.1% year-over-year).
- 2011: Revenue of $46K, expenses of $107K, and assets of $36K (revenue -73.2% year-over-year).
- 2010: Revenue of $173K, expenses of $75K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodhull Freedom Foundation:
Data Sources and Methodology
This transparency report for Woodhull Freedom 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.