Wellstar Foundation Inc

Analysis

Wellstar Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wellstar Foundation Inc reported income of $18.0m and spending of $11.3m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $18.0m (+74%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wellstar Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Youngstown Area Jewish Federation ($18.0m), Eo Companies ($18.0m) and Keren Hayeshivot Trust ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $46.4m against liabilities of $365k, net assets of $46.1m.