Wells County Foundation Inc

Analysis

Wells County Foundation Inc is a registered charity in United States, based in Bluffton, IN. It received its IRS tax-exemption ruling in January 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wells County Foundation Inc reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wells County Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Big Pine Elementary Inc ($1.7m), The Academic Mastery Alternative Education Academy ($1.7m) and Clear Choice Academies Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $85k (5.2% of expenses). Other salaries and wages came to $103k. At year end it held assets of $35.2m against liabilities of $1.1m, net assets of $34.0m. It reported 3 employees.