Healthwell Foundation

Analysis

Healthwell Foundation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthwell Foundation reported income of $742.4m and spending of $721.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $488.4m to $742.4m (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthwell Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Hospital of Central Connecticut at New Britain General and Bradley Me ($740.9m), Orlando Health Medical Group Inc ($742.8m) and Ascension Via Christi Hospitals Wichita Inc ($739.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.6m (0.2% of expenses). Other salaries and wages came to $13.6m. It paid $423k in professional fundraising fees. At year end it held assets of $637.8m against liabilities of $81.6m, net assets of $556.3m. It reported 234 employees.