Wealth by Health Steps for Change Foundation

Analysis

Wealth by Health Steps for Change Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wealth by Health Steps for Change Foundation reported income of $404k and spending of $384k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $222k to $404k (+82%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wealth by Health Steps for Change Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Just As I Am Ministries Inc ($404k), Storehouse Food Pantry ($404k) and Paxton Day Care Center ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $348k against liabilities of $235k, net assets of $113k.