Margaret C Woodson Foundation Incorporated
501(c)(3) Donations tax-deductible
Only null% goes to programs
Margaret C Woodson Foundation Incorporated is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1974, with $856,040 in FY2024 revenue. CharityIndex grades it D.
220 N Tryon St, Charlotte, NC, 28202 EIN 56-6064938 Since 1974
Revenue (FY2024)
$856K
▼ 5.7% vs prior year
Expenses (FY2024)
$1.1M
Net assets
$380K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Margaret C Woodson Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating4 mo reserves · -29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Margaret C Woodson Foundation Incorporated: 4 mo reserves · -29% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Margaret C Woodson Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Margaret C Woodson Foundation Incorporated: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 220 N Tryon St, Charlotte, NC, 28202
- City
- Charlotte
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $916K (FY2013) to $856K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $380K
Operating margin
-28.8%
Spent more than it raised in the latest fiscal year.
Total assets
$380K
Total liabilities
$0
Net assets
$380K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $856,040▼5.7% | $1,102,440▼5.9% | $379,651▼39.4% | $379,651▼39.4% | 990PF |
| 2023 | $907,759▼43.8% | $1,170,987▼2.2% | $626,051▼29.6% | $626,051▼29.6% | 990PF |
| 2022 | $1,614,840▲82.3% | $1,197,641▲4.7% | $889,279▲88.4% | $889,279▲88.4% | 990PF |
| 2021 | $885,698▼24.3% | $1,143,663▲12.5% | $472,080▼35.3% | $472,080▼56.7% | 990PF |
| 2020 | $1,170,022▲22.2% | $1,016,508▼3.1% | $730,045▲26.6% | $1,089,291▲88.9% | 990PF |
| 2019 | $957,612▼5.6% | $1,048,934▲6.9% | $576,531▼14.0% | $576,531▼16.5% | 990PF |
| 2014 | $1,014,899▲10.8% | $980,840▲39.3% | $670,714▲5.3% | $690,714▲8.5% | 990PF |
| 2013 | $915,889 | $704,314▲13.2% | $636,655▲49.8% | $636,657▲34.0% | 990PF |
| 2012 | — | $622,265▼67.1% | $425,080▲86.6% | $475,081▲109% | 990PF |
| 2011 | — | $1,891,225 | $227,830 | $227,830 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Margaret C Woodson Foundation Incorporated a legitimate nonprofit?
- Yes. Margaret C Woodson Foundation Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6064938, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Margaret C Woodson Foundation Incorporated's EIN?
- Margaret C Woodson Foundation Incorporated's Employer Identification Number (EIN) is 56-6064938.
- How much revenue does Margaret C Woodson Foundation Incorporated report?
- Margaret C Woodson Foundation Incorporated reported $856,040 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Margaret C Woodson Foundation Incorporated have?
- CharityIndex grades Margaret C Woodson Foundation Incorporated D, based on financial health (reserves and operating margin).
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Data for Margaret C Woodson Foundation Incorporated (EIN 56-6064938) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.