Woodshouse Foundation
Woodshouse Foundation shows declining assets and inconsistent revenue, with expenses often exceeding income.
EIN: 136983078 · Greenwich, CT · Updated: 2026-03-28
Is Woodshouse Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodshouse Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodshouse Foundation
Woodshouse Foundation (EIN: 136983078) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $2.2M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodshouse Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodshouse Foundation is a mid-size nonprofit that has been operating for 34 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-1,169,675 |
| Total Assets | $5.7M |
| Total Liabilities | $1 |
| Net Assets | $5.7M |
| Operating Margin | -2080.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 55.4 months |
Financial Health Grade: B
In 2023, Woodshouse Foundation reported a deficit of $1.2M with expenses exceeding revenue, holds 55.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2023), Woodshouse Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.2% | -17.9% | -17.1% |
| 2022 | +203.1% | +6.4% | +8.1% |
| 2021 | -21.6% | +21.9% | -13.2% |
| 2019 | +20.0% | -19.6% | -21.2% |
| 2014 | -84.8% | +76.9% | -7.3% |
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 Woodshouse 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, Woodshouse 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 $1.2M, 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 no officers or key employees are receiving salaries from the foundation, which is highly unusual for an organization with over $2 million in revenue and millions in assets.
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 Woodshouse Foundation's IRS 990 filings:
- Consistent decline in assets from $9.9M in 2013 to $5.6M in 2023.
- Frequent instances of expenses significantly exceeding revenue (e.g., 2023: $1.2M expenses vs. $56K revenue).
- Highly inconsistent revenue generation year-over-year, making financial planning challenging.
- 0% officer compensation for an organization of this size is unusual and warrants further inquiry into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Woodshouse Foundation:
- Extremely low liabilities, often reported as $0 or $1, indicating no significant debt burden.
- Consistent filing of IRS Form 990s, demonstrating a commitment to regulatory transparency.
- Zero reported officer compensation, suggesting a focus on minimizing executive overhead.
Frequently Asked Questions about Woodshouse Foundation
Is Woodshouse Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodshouse Foundation (EIN: 136983078) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Woodshouse Foundation spend its money?
Woodshouse Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodshouse Foundation tax-deductible?
Woodshouse Foundation is registered as a tax-exempt nonprofit (EIN: 136983078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Woodshouse Foundation financially stable?
The foundation's financial stability is questionable given that expenses frequently exceed revenue (e.g., $1,225,906 expenses vs. $56,231 revenue in 2023) and its assets have declined from a peak of $9.9 million in 2013 to $5.6 million in 2023. While liabilities are low, this trend suggests a reliance on drawing down its asset base.
How does Woodshouse Foundation fund its operations?
Based on the data, the foundation appears to fund its operations through a combination of fluctuating revenue and, significantly, by drawing down its asset base, especially in years where expenses far exceed income, such as in 2023 and 2021.
What is the impact of 0% officer compensation?
The 0% officer compensation indicates that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, which significantly reduces administrative overhead in this specific category.
Why have the foundation's assets decreased significantly?
The foundation's assets have decreased from a high of $9,968,845 in 2013 to $5,664,290 in 2023, likely due to years where expenses outpaced revenue, requiring the foundation to utilize its principal to cover operational costs.
Filing History
IRS 990 filing history for Woodshouse Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Woodshouse Foundation's revenue has declined by 62.3%, moving from $149K to $56K. Total assets increased by 36.2% over the same period, from $4.2M to $5.7M. Total functional expenses rose by 529.8%, from $195K to $1.2M. In its most recent filing year (2023), Woodshouse Foundation reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $1.2M | $5.7M | $1 | — | — |
| 2022 | $2.0M | $1.5M | $6.8M | $1 | — | View 990 |
| 2021 | $661K | $1.4M | $6.3M | $1 | — | — |
| 2019 | $844K | $1.2M | $7.3M | $0 | — | View 990 |
| 2014 | $703K | $1.4M | $9.2M | $0 | — | View 990 |
| 2013 | $4.6M | $809K | $10.0M | $0 | — | View 990 |
| 2012 | $2.6M | $465K | $6.2M | $0 | — | View 990 |
| 2011 | $149K | $195K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $1.2M, and assets of $5.7M (revenue -97.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.5M, and assets of $6.8M (revenue +203.1% year-over-year).
- 2021: Revenue of $661K, expenses of $1.4M, and assets of $6.3M (revenue -21.6% year-over-year).
- 2019: Revenue of $844K, expenses of $1.2M, and assets of $7.3M (revenue +20.0% year-over-year).
- 2014: Revenue of $703K, expenses of $1.4M, and assets of $9.2M (revenue -84.8% year-over-year).
- 2013: Revenue of $4.6M, expenses of $809K, and assets of $10.0M (revenue +76.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $465K, and assets of $6.2M (revenue +1663.9% year-over-year).
- 2011: Revenue of $149K, expenses of $195K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodshouse Foundation:
Data Sources and Methodology
This transparency report for Woodshouse 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.