Woolmark Americas Inc
Woolmark Americas Inc. frequently operates at a deficit with highly volatile assets and liabilities, reporting zero officer compensation.
EIN: 131589984 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.3M |
| Program Spending | 75% |
| Net Assets | $-555,446 |
| Transparency Score | 65/100 |
Is Woolmark Americas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woolmark Americas Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woolmark Americas Inc
Woolmark Americas Inc (EIN: 131589984) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.6M and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woolmark Americas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woolmark Americas Inc is a mid-size nonprofit that has been operating for 76 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 35.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-489,275 |
| Total Assets | $60K |
| Total Liabilities | $616K |
| Net Assets | $-555,446 |
| Operating Margin | -17.2% |
| Debt-to-Asset Ratio | 1021.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2024, Woolmark Americas Inc reported a deficit of $489K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 1021.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Woolmark Americas Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.1% | +37.5% | -74.8% |
| 2023 | +63.5% | +83.7% | -38.4% |
| 2022 | -56.4% | -64.3% | -20.4% |
| 2021 | -13.6% | -6.3% | -77.0% |
| 2020 | -54.4% | -53.7% | +415.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
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 Woolmark Americas Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Woolmark Americas Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $489K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1021.0%.
Executive Compensation Analysis
Woolmark Americas Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its revenue size and suggests a volunteer-led or externally funded leadership structure.
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 Woolmark Americas Inc's IRS 990 filings:
- Frequent operating deficits (e.g., $489,275 deficit in 202406)
- Highly volatile asset base (e.g., $2.1M in 2020 vs. $60K in 2024)
- Significant fluctuations in liabilities, sometimes exceeding assets (e.g., 202406 liabilities of $615,754 vs. assets of $60,308)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Woolmark Americas Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead
- Long history of IRS 990 filings (14 filings), demonstrating compliance
- Significant revenue generation in some periods (e.g., $8.5M in 2019)
Frequently Asked Questions about Woolmark Americas Inc
Is Woolmark Americas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woolmark Americas Inc (EIN: 131589984) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Woolmark Americas Inc spend its money?
Woolmark Americas Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woolmark Americas Inc tax-deductible?
Woolmark Americas Inc is registered as a tax-exempt nonprofit (EIN: 131589984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woolmark Americas Inc's spending goes to programs?
Woolmark Americas Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Woolmark Americas Inc located?
Woolmark Americas Inc is headquartered in New York, New York and files with the IRS under EIN 131589984.
How many years of IRS 990 filings does Woolmark Americas Inc have?
Woolmark Americas Inc has 14 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 $2.6M in total revenue.
How does Woolmark Americas Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, compensated by a parent organization, or that compensation is reported under different expense categories not specified in the provided data.
What is the primary cause of the frequent operating deficits?
The data shows that in multiple periods, such as 202406 ($3,327,624 expenses vs. $2,838,349 revenue) and 202306 ($2,419,363 expenses vs. $2,402,559 revenue), expenses have exceeded revenue. This indicates that the organization's operational costs frequently outpace its income generation.
Why are the organization's assets and liabilities so volatile?
Assets have ranged from $60,308 (202406) to $2,121,498 (202006), and liabilities from $159,829 (201806) to $1,998,788 (202006). This high volatility could be due to significant changes in grant funding, project-based operations, or substantial short-term debt and asset acquisitions/disposals.
What is the NTEE code for Woolmark Americas Inc.?
The NTEE code for Woolmark Americas Inc. is not provided in the available data, which limits the ability to precisely categorize its mission and compare it to peer organizations.
Filing History
IRS 990 filing history for Woolmark Americas Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Woolmark Americas Inc's revenue has grown by 4910.5%, moving from $57K to $2.8M. Total assets decreased by 15.3% over the same period, from $71K to $60K. Total functional expenses rose by 11353.6%, from $29K to $3.3M. In its most recent filing year (2024), Woolmark Americas Inc reported a deficit of $489K, with expenses exceeding revenue. The organization holds $616K in liabilities against $60K in assets (debt-to-asset ratio: 1021.0%), resulting in net assets of $-555,446.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $3.3M | $60K | $616K | — | View 990 |
| 2023 | $2.4M | $2.4M | $239K | $305K | — | View 990 |
| 2022 | $1.5M | $1.3M | $389K | $438K | — | View 990 |
| 2021 | $3.4M | $3.7M | $488K | $690K | — | View 990 |
| 2020 | $3.9M | $3.9M | $2.1M | $2.0M | — | View 990 |
| 2019 | $8.5M | $8.5M | $412K | $245K | — | View 990 |
| 2018 | $4.0M | $3.8M | $289K | $160K | — | View 990 |
| 2017 | $3.0M | $3.0M | $190K | $248K | — | View 990 |
| 2016 | $2.6M | $2.7M | $147K | $209K | — | View 990 |
| 2015 | $2.2M | $2.0M | $176K | $162K | — | View 990 |
| 2014 | $3.1M | $3.2M | $136K | $280K | — | View 990 |
| 2013 | $3.1M | $3.2M | $164K | $215K | — | View 990 |
| 2012 | $56K | $21K | $217K | $164K | — | View 990 |
| 2011 | $57K | $29K | $71K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $3.3M, and assets of $60K (revenue +18.1% year-over-year).
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $239K (revenue +63.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.3M, and assets of $389K (revenue -56.4% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.7M, and assets of $488K (revenue -13.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.9M, and assets of $2.1M (revenue -54.4% year-over-year).
- 2019: Revenue of $8.5M, expenses of $8.5M, and assets of $412K (revenue +115.6% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.8M, and assets of $289K (revenue +31.2% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.0M, and assets of $190K (revenue +16.2% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.7M, and assets of $147K (revenue +18.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $176K (revenue -30.0% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.2M, and assets of $136K (revenue +0.8% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.2M, and assets of $164K (revenue +5429.7% year-over-year).
- 2012: Revenue of $56K, expenses of $21K, and assets of $217K (revenue -0.7% year-over-year).
- 2011: Revenue of $57K, expenses of $29K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woolmark Americas Inc:
Data Sources and Methodology
This transparency report for Woolmark Americas Inc 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.