Karen Wellington Memorial Foundation for Living with Breast

Analysis

Karen Wellington Memorial Foundation for Living with Breast is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Karen Wellington Memorial Foundation for Living with Breast reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $1.1m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Karen Wellington Memorial Foundation for Living with Breast sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include North American Primary Care Research Group ($1.1m), Community Links ($1.1m) and Mercy Dental Missions Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $80k (6.9% of expenses). Other salaries and wages came to $190k. At year end it held assets of $702k against liabilities of $48k, net assets of $655k. It reported 8 employees.