Welvista

Analysis

Welvista is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Welvista reported income of $120.8m and spending of $122.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $140.5m to $120.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Welvista sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Banner Medical Group Colorado ($120.5m), Wayne Memorial Hospital ($120.9m) and Porter Hospital Inc HCSR ($120.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $430k (0.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $46.9m against liabilities of $1.5m, net assets of $45.4m. It reported 85 employees.