Promoting Wellness Foundation

Analysis

Promoting Wellness Foundation is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promoting Wellness Foundation reported income of $146k and spending of $72k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $146k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Promoting Wellness Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Ocean View Historical Society ($146k), Lexington Philharmonic Orchestra Foundation Inc ($146k) and Canton Preservation Society ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.