Wishing Well Foundation

Analysis

Wishing Well Foundation is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wishing Well Foundation reported income of $199k and spending of $247k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $199k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wishing Well Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Kidz Connection Daycare & Youth Camp Inc ($199k), Caring & Sharing Community Resources and Transformation Cente ($199k) and Mustard Seed Catholic Worker Community Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $50k (20% of expenses). Other salaries and wages came to $24k. At year end it held assets of $324k against liabilities of $2,591, net assets of $322k. It reported 3 employees.