Wellpoint Care Foundation Inc

Analysis

Wellpoint Care Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellpoint Care Foundation Inc reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellpoint Care 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 WI. Charities of a similar size with the same main cause include The Gault Center ($1.8m), Ann Jerkins-Harris Academy of Excellence ($1.8m) and Learning Plus Associates ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. It paid $32k in professional fundraising fees. At year end it held assets of $26.6m against liabilities of $391k, net assets of $26.2m.