Wellpoint Care Network Inc

Analysis

Wellpoint Care Network Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Wellpoint Care Network Inc reported income of $36.8m and spending of $36.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.9m to $36.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellpoint Care Network Inc 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 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Benedictine Living Communities Inc ($36.8m), Rincon de Los Esteros Inc ($36.9m) and Signal Centers Inc ($36.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $940k (2.6% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $18.6m against liabilities of $16.9m, net assets of $1.8m. It reported 434 employees.