John H Wellons Foundation Inc

Analysis

John H Wellons Foundation Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in October 1953, 73 years ago. 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, John H Wellons Foundation Inc reported income of $1.8m and spending of $1.1m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.8m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John H Wellons Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Community Engaged Payee Support ($1.8m), Heritage Christian School ($1.8m) and Iron Workers-395-Trust Joint Apprenticeship Training Committee ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 71% of the total. Other salaries and wages came to $570k. At year end it held assets of $22.8m against liabilities of $160k, net assets of $22.6m. It reported 76 employees.